Jennifer Ladd Hanson Sells 9,998 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 9,998 shares of CarGurus stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $36.88, for a total transaction of $368,726.24. Following the sale, the insider owned 54,807 shares of the company’s stock, valued at approximately $2,021,282.16. This represents a 15.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CarGurus Stock Performance

Shares of CARG stock opened at $37.88 on Friday. The firm’s 50 day moving average price is $34.54 and its two-hundred day moving average price is $32.08. CarGurus, Inc. has a 52-week low of $24.65 and a 52-week high of $41.33. The stock has a market cap of $3.76 billion, a PE ratio of 30.80, a PEG ratio of 1.81 and a beta of 1.52.

CarGurus (NASDAQ:CARG) last issued its earnings results on Thursday, August 7th. The company reported $0.57 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $232.29 million. During the same quarter in the previous year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. As a group, sell-side analysts predict that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

CARG has been the topic of a number of analyst reports. BTIG Research reiterated a “buy” rating and issued a $39.00 price target on shares of CarGurus in a research report on Friday, September 5th. Needham & Company LLC lifted their price target on shares of CarGurus from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Weiss Ratings reissued a “hold (c)” rating on shares of CarGurus in a report on Saturday, September 27th. Gordon Haskett began coverage on CarGurus in a report on Monday, July 14th. They set a “hold” rating and a $35.00 target price on the stock. Finally, Wall Street Zen downgraded CarGurus from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, CarGurus has an average rating of “Hold” and a consensus price target of $38.46.

Institutional Investors Weigh In On CarGurus

A number of hedge funds and other institutional investors have recently bought and sold shares of CARG. Versant Capital Management Inc grew its stake in shares of CarGurus by 695.4% during the 1st quarter. Versant Capital Management Inc now owns 2,593 shares of the company’s stock worth $76,000 after acquiring an additional 2,267 shares in the last quarter. GAMMA Investing LLC grew its position in CarGurus by 3,844.1% in the first quarter. GAMMA Investing LLC now owns 122,229 shares of the company’s stock valued at $3,561,000 after purchasing an additional 119,130 shares in the last quarter. Rhumbline Advisers increased its stake in CarGurus by 0.6% in the 1st quarter. Rhumbline Advisers now owns 236,783 shares of the company’s stock valued at $6,897,000 after buying an additional 1,496 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in CarGurus by 30.1% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 18,128 shares of the company’s stock worth $528,000 after buying an additional 4,190 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of CarGurus by 49.8% during the 1st quarter. Blue Trust Inc. now owns 2,494 shares of the company’s stock worth $73,000 after buying an additional 829 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

CarGurus Company Profile

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.