Samuel Zales Sells 10,000 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $34.92, for a total transaction of $349,200.00. Following the transaction, the chief operating officer directly owned 420,259 shares in the company, valued at $14,675,444.28. This represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Samuel Zales also recently made the following trade(s):

• On Tuesday, September 16th, Samuel Zales sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $36.08, for a total transaction of $360,800.00.

CarGurus Trading Down 0.9%

Shares of CARG opened at $34.92 on Friday. CarGurus, Inc. has a 12 month low of $24.65 and a 12 month high of $41.33. The firm’s 50 day moving average is $35.11 and its 200-day moving average is $32.42. The stock has a market capitalization of $3.47 billion, a PE ratio of 28.39, a P/E/G ratio of 1.66 and a beta of 1.52.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, August 7th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. CarGurus had a net margin of 14.12% and a return on equity of 36.23%. The company had revenue of $234.03 million for the quarter, compared to analysts’ expectations of $232.29 million. During the same period last year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. Equities research analysts predict that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.

Institutional Trading of CarGurus

Hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its position in CarGurus by 2.3% in the first quarter. Principal Financial Group Inc. now owns 482,484 shares of the company’s stock valued at $14,055,000 after buying an additional 10,787 shares in the last quarter. Intech Investment Management LLC boosted its position in CarGurus by 50.0% in the first quarter. Intech Investment Management LLC now owns 67,246 shares of the company’s stock valued at $1,959,000 after buying an additional 22,425 shares in the last quarter. Vanguard Group Inc. boosted its position in CarGurus by 1.0% in the first quarter. Vanguard Group Inc. now owns 9,780,608 shares of the company’s stock valued at $284,909,000 after buying an additional 93,722 shares in the last quarter. Bosman Wealth Management LLC acquired a new stake in CarGurus in the first quarter valued at approximately $2,638,000. Finally, GAMMA Investing LLC boosted its position in CarGurus by 35.4% in the first quarter. GAMMA Investing LLC now owns 4,196 shares of the company’s stock valued at $122,000 after buying an additional 1,097 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CARG shares. Citigroup lowered their target price on shares of CarGurus from $40.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, July 3rd. Zacks Research lowered shares of CarGurus from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Citizens Jmp lowered shares of CarGurus from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 2nd. BTIG Research reiterated a “buy” rating and set a $39.00 price target on shares of CarGurus in a research report on Friday, September 5th. Finally, UBS Group increased their price target on shares of CarGurus from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $39.54.

About CarGurus

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.