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

Posted by George Bondi on Jul 6th, 2026

CarGurus, Inc. (NASDAQ:CARG – Get Free Report) CTO Matthew Todd Quinn sold 3,824 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $35.03, for a total transaction of $133,954.72. Following the sale, the chief technology officer 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Stock Performance

Shares of NASDAQ CARG traded down $0.58 during mid-day trading on Monday, reaching $35.66. 1,188,788 shares of the company’s stock were exchanged, compared to its average volume of 1,321,205. The company’s 50-day moving average is $31.38 and its 200-day moving average is $33.06. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 1.32 and a beta of 1.18. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $39.42.

CarGurus (NASDAQ:CARG – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The business had revenue of $243.56 million during the quarter, compared to analysts’ expectations of $243.10 million. During the same period last year, the business earned $0.46 earnings per share. The business’s revenue for the quarter 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 analysts predict that CarGurus, Inc. will post 2.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CARG. Freedom Capital upgraded shares of CarGurus to a “strong-buy” rating in a research note on Friday, June 12th. Weiss Ratings downgraded shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. UBS Group set a $35.00 price target on shares of CarGurus in a research report on Thursday, May 28th. Royal Bank Of Canada boosted their price target on shares of CarGurus from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Finally, Barclays assumed coverage on CarGurus in a research report on Thursday, May 28th. They set an “overweight” rating and a $35.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.77.

Read Our Latest Stock Analysis on CarGurus

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CARG. Horizon Investments LLC increased its position in shares of CarGurus by 2.0% in the 4th quarter. Horizon Investments LLC now owns 16,375 shares of the company’s stock valued at $628,000 after purchasing an additional 318 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of CarGurus by 2.8% during the fourth quarter. ProShare Advisors LLC now owns 15,992 shares of the company’s stock worth $613,000 after purchasing an additional 436 shares in the last quarter. Ritholtz Wealth Management increased its holdings in CarGurus by 4.2% in the first quarter. Ritholtz Wealth Management now owns 11,039 shares of the company’s stock valued at $376,000 after buying an additional 449 shares during the last quarter. HighTower Advisors LLC increased its holdings in CarGurus by 7.8% in the fourth quarter. HighTower Advisors LLC now owns 7,094 shares of the company’s stock valued at $272,000 after buying an additional 514 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in CarGurus by 1.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 43,583 shares of the company’s stock valued at $1,671,000 after buying an additional 679 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

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.