CarGurus, Inc. (NASDAQ:CARG – Get Free Report) insider Ismail Elshareef sold 2,673 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $29.62, for a total value of $79,174.26. Following the transaction, the insider directly owned 127,933 shares of the company’s stock, valued at $3,789,375.46. This represents a 2.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CarGurus Stock Down 2.2%
CarGurus stock traded down $0.67 during mid-day trading on Monday, reaching $29.35. The company had a trading volume of 2,138,602 shares, compared to its average volume of 1,247,572. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 1.07 and a beta of 1.22. The company has a 50 day moving average of $34.80 and a 200-day moving average of $33.61. CarGurus, Inc. has a 52 week low of $26.39 and a 52 week high of $41.22.
CarGurus (NASDAQ:CARG – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The business had revenue of $250.97 million during the quarter, compared to analysts’ expectations of $249.85 million. During the same quarter last year, the company earned $0.57 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. On average, analysts predict that CarGurus, Inc. will post 2.17 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on CarGurus
Institutional Trading of CarGurus
A number of large investors have recently bought and sold shares of CARG. Prevatt Capital Ltd lifted its holdings in shares of CarGurus by 12.5% during the first quarter. Prevatt Capital Ltd now owns 2,475,000 shares of the company’s stock valued at $84,274,000 after acquiring an additional 275,000 shares during the period. Geode Capital Management LLC increased its position in shares of CarGurus by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,101,437 shares of the company’s stock worth $80,602,000 after purchasing an additional 24,910 shares in the last quarter. Alta Fox Capital Management LLC lifted its holdings in CarGurus by 15.9% during the 4th quarter. Alta Fox Capital Management LLC now owns 1,273,544 shares of the company’s stock valued at $48,840,000 after purchasing an additional 174,844 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in CarGurus by 8.5% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,110,231 shares of the company’s stock valued at $37,803,000 after buying an additional 86,600 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in CarGurus by 18.2% in the first quarter. Bessemer Group Inc. now owns 1,085,061 shares of the company’s stock valued at $36,945,000 after buying an additional 166,954 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.
About CarGurus
CarGurus, Inc is a digital automotive marketplace that connects consumers with dealerships and private sellers offering new and used vehicles. Its platform enables shoppers to search vehicle listings, compare prices and features, review dealership information, and evaluate vehicle deals using data-driven tools. CarGurus generates revenue primarily by providing automotive dealers with listing, advertising, and other digital marketing services.
The company also offers products designed to help dealers attract shoppers, manage vehicle listings, and support the online and in-person vehicle-buying process.
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