CarGurus (NASDAQ:CARG) General Counsel Javier Zamora Sells 3,533 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) General Counsel Javier Zamora sold 3,533 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $36.06, for a total transaction of $127,399.98. Following the completion of the transaction, the general counsel directly owned 88,345 shares in the company, valued at $3,185,720.70. This trade represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Javier Zamora also recently made the following trade(s):

• On Monday, June 29th, Javier Zamora sold 3,532 shares of CarGurus stock. The stock was sold at an average price of $34.08, for a total transaction of $120,370.56.
• On Friday, June 26th, Javier Zamora sold 3,532 shares of CarGurus stock. The shares were sold at an average price of $32.63, for a total transaction of $115,249.16.
• On Monday, June 1st, Javier Zamora sold 8,072 shares of CarGurus stock. The shares were sold at an average price of $29.53, for a total transaction of $238,366.16.

CarGurus Trading Up 1.9%

NASDAQ:CARG opened at $36.35 on Tuesday. CarGurus, Inc. has a 12 month low of $26.39 and a 12 month high of $39.42. The firm’s 50 day moving average is $31.34 and its 200 day moving average is $33.04. The stock has a market capitalization of $3.28 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 1.32 and a beta of 1.18.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data 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. The company had revenue of $243.56 million during the quarter, compared to analyst estimates of $243.10 million. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. Research analysts predict that CarGurus, Inc. will post 2.11 earnings per share for the current year.

Wall Street Analyst Weigh In

CARG has been the subject of a number of recent research reports. Citigroup initiated coverage on shares of CarGurus in a research note on Friday, June 12th. They issued a “buy” rating for the company. Needham & Company LLC lifted their price target on CarGurus from $37.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Royal Bank Of Canada boosted their price objective on CarGurus from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Piper Sandler restated a “sector weight” rating on shares of CarGurus in a research note on Friday, June 12th. Finally, Freedom Capital upgraded CarGurus to a “strong-buy” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.77.

Hedge Funds Weigh In On CarGurus

A number of institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. purchased a new stake in shares of CarGurus in the 3rd quarter valued at about $46,000. Torren Management LLC purchased a new stake in CarGurus in the fourth quarter valued at approximately $49,000. EverSource Wealth Advisors LLC lifted its position in CarGurus by 491.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after purchasing an additional 1,362 shares during the last quarter. Clearstead Advisors LLC grew 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 buying an additional 1,622 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of CarGurus by 356.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock worth $83,000 after buying an additional 1,697 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

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.