CarGurus (NASDAQ:CARG) CTO Matthew Todd Quinn Sells 3,824 Shares

CarGurus, Inc. (NASDAQ:CARG) CTO Matthew Todd Quinn sold 3,824 shares of CarGurus stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $35.03, for a total value of $133,954.72. Following the completion of the sale, the chief technology officer directly owned 233,146 shares of the company’s stock, valued at approximately $8,167,104.38. The trade was a 1.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Price Performance

CARG stock opened at $36.35 on Tuesday. The stock has a market capitalization of $3.28 billion, a P/E ratio of 23.92, a P/E/G ratio of 1.32 and a beta of 1.18. CarGurus, Inc. has a 1-year low of $26.39 and a 1-year high of $39.42. The business has a fifty day moving average price of $31.34 and a 200-day moving average price of $33.04.

CarGurus (NASDAQ:CARG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.58 EPS for the quarter, beating 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 company had revenue of $243.56 million for the quarter, compared to analysts’ expectations of $243.10 million. During the same period last year, the firm posted $0.46 earnings per share. CarGurus’s revenue was up 8.2% compared to the same quarter last year. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. As a group, analysts anticipate that CarGurus, Inc. will post 2.11 earnings per share for the current year.

Institutional Trading of CarGurus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in shares of CarGurus by 6.6% during the 3rd quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company’s stock valued at $358,773,000 after acquiring an additional 594,670 shares during the period. Prevatt Capital Ltd raised its holdings in CarGurus by 12.5% in the 1st quarter. Prevatt Capital Ltd now owns 2,475,000 shares of the company’s stock worth $84,274,000 after purchasing an additional 275,000 shares during the period. Geode Capital Management LLC lifted its position in CarGurus by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,101,437 shares of the company’s stock valued at $80,602,000 after purchasing an additional 24,910 shares in the last quarter. Congress Asset Management Co. lifted its position in CarGurus by 2.9% during the fourth quarter. Congress Asset Management Co. now owns 1,958,144 shares of the company’s stock valued at $75,095,000 after purchasing an additional 54,937 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in CarGurus by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,914,925 shares of the company’s stock valued at $64,093,000 after purchasing an additional 6,676 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on CARG. Citigroup initiated coverage on shares of CarGurus in a report on Friday, June 12th. They set a “buy” rating for the company. Royal Bank Of Canada lifted their target price on shares of CarGurus from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. boosted their target price 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. Piper Sandler reissued a “sector weight” rating on shares of CarGurus in a report on Friday, June 12th. 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 assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.77.

CarGurus Company Profile

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.