CarGurus (NASDAQ:CARG) Insider Sells $86,365.44 in Stock

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 2,499 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $34.56, for a total value of $86,365.44. Following the completion of the transaction, the insider directly owned 92,894 shares of the company’s stock, valued at $3,210,416.64. The trade was a 2.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Price Performance

CarGurus stock opened at $36.24 on Friday. The stock has a market capitalization of $3.27 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.32 and a beta of 1.18. CarGurus, Inc. has a 12 month low of $26.39 and a 12 month high of $39.42. The business has a 50 day simple moving average of $31.38 and a 200-day simple moving average of $33.10.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The business had revenue of $243.56 million during the quarter, compared to the consensus estimate of $243.10 million. During the same period in the prior year, the company posted $0.46 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, equities research analysts anticipate that CarGurus, Inc. will post 2.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Needham & Company LLC boosted their target price on shares of CarGurus from $37.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. raised their price target on shares of CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Barclays assumed coverage on CarGurus in a report on Thursday, May 28th. They issued an “overweight” rating and a $35.00 price objective on the stock. UBS Group set a $35.00 price objective on CarGurus in a research note on Thursday, May 28th. Finally, Weiss Ratings cut CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.77.

Institutional Investors Weigh In On CarGurus

A number of hedge funds have recently modified their holdings of CARG. Brown Brothers Harriman & Co. acquired a new position in CarGurus during the third quarter worth about $46,000. Torren Management LLC acquired a new stake in CarGurus in the 4th quarter valued at about $49,000. EverSource Wealth Advisors LLC lifted its stake in CarGurus by 491.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after purchasing an additional 1,362 shares in the last quarter. Clearstead Advisors LLC lifted its stake in CarGurus by 321.2% in the 4th quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock worth $82,000 after purchasing an additional 1,622 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of CarGurus by 356.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock worth $83,000 after purchasing an additional 1,697 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

About CarGurus

CarGurus, Inc operates an online automotive marketplace designed to connect buyers and sellers of new and used vehicles. Through its proprietary search engine and data-driven pricing tools, the platform enables consumers to compare listings, assess fair market values and locate local dealers offering competitive deals. CarGurus also provides detailed vehicle history reports, dealer reviews and financing options to streamline the car-shopping process for both private parties and franchised dealerships.

The company’s core product offerings include Instant Market Value (IMV), which leverages pricing algorithms to help buyers identify over- or under-priced vehicles, as well as dealer subscription services that grant automotive retailers access to lead generation tools, targeted advertising and dynamic pricing insights.