Javier Zamora Sells 8,072 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG – Get Free Report) General Counsel Javier Zamora sold 8,072 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $29.53, for a total value of $238,366.16. Following the transaction, the general counsel directly owned 103,061 shares of the company’s stock, valued at approximately $3,043,391.33. The trade was a 7.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

CarGurus Trading Up 0.4%

Shares of CarGurus stock opened at $27.37 on Friday. The stock has a 50 day moving average of $33.31 and a 200 day moving average of $33.83. CarGurus, Inc. has a 12 month low of $26.39 and a 12 month high of $39.42. The firm has a market cap of $2.47 billion, a PE ratio of 18.01, a PEG ratio of 1.00 and a beta of 1.20.

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CarGurus (NASDAQ:CARG – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $243.10 million. During the same period in the prior year, the company earned $0.46 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. As a group, equities research analysts forecast that CarGurus, Inc. will post 2.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CarGurus

A number of institutional investors and hedge funds have recently modified their holdings of CARG. UBS Group AG lifted its stake in shares of CarGurus by 158.2% during the 3rd quarter. UBS Group AG now owns 1,537,856 shares of the company’s stock worth $57,254,000 after acquiring an additional 942,199 shares during the last quarter. Wellington Management Group LLP lifted its stake 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 worth $358,773,000 after acquiring an additional 594,670 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of CarGurus during the 4th quarter worth approximately $21,756,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of CarGurus by 159,137.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 536,629 shares of the company’s stock worth $22,787,000 after acquiring an additional 536,292 shares during the last quarter. Finally, Prevatt Capital Ltd lifted its stake in shares of CarGurus by 28.1% during the 3rd quarter. Prevatt Capital Ltd now owns 2,050,000 shares of the company’s stock worth $76,322,000 after acquiring an additional 450,000 shares during the last quarter. 86.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on CARG shares. Weiss Ratings lowered CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Barclays assumed coverage on CarGurus in a research note on Thursday, May 28th. They issued an “overweight” rating and a $35.00 price objective for the company. Needham & Company LLC raised their price objective on CarGurus from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Oppenheimer lowered their price objective on CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Finally, BTIG Research lowered their price objective on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, CarGurus has a consensus rating of “Hold” and an average price target of $37.79.

View Our Latest Report on CARG

CarGurus Company Profile

(Get Free Report)

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.

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