Jennifer Ladd Hanson Sells 2,499 Shares of CarGurus (NASDAQ:CARG) Stock

Posted by George Bondi on Jul 4th, 2026

CarGurus, Inc. (NASDAQ:CARG – Get Free Report) insider Jennifer Ladd Hanson sold 2,499 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $34.56, for a total transaction of $86,365.44. Following the completion of the sale, the insider directly owned 92,894 shares of the company’s stock, valued at approximately $3,210,416.64. This trade represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Price Performance

Shares of CARG stock opened at $36.24 on Friday. The company has a market capitalization of $3.27 billion, a P/E ratio of 23.84, a P/E/G ratio of 1.32 and a beta of 1.18. The company’s 50-day simple moving average is $31.38 and its two-hundred day simple moving average is $33.10. CarGurus, Inc. has a one year low of $26.39 and a one year high of $39.42.

CarGurus (NASDAQ:CARG – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $243.56 million during the quarter, compared to the consensus estimate of $243.10 million. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, research analysts expect that CarGurus, Inc. will post 2.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CARG. Needham & Company LLC lifted their target price on CarGurus from $37.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Royal Bank Of Canada increased their price target on CarGurus from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Barclays initiated coverage on CarGurus in a research note on Thursday, May 28th. They set an “overweight” rating and a $35.00 price target on the stock. Citigroup assumed coverage on CarGurus in a report on Friday, June 12th. They issued a “buy” rating for the company. Finally, Piper Sandler reaffirmed a “sector weight” rating on shares of CarGurus in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, CarGurus has an average rating of “Moderate Buy” and an average price target of $37.77.

Check Out Our Latest Research Report on CARG

Hedge Funds Weigh In On CarGurus

Several institutional investors have recently bought and sold shares of CARG. UBS Group AG raised its stake in CarGurus by 158.2% in the third quarter. UBS Group AG now owns 1,537,856 shares of the company’s stock worth $57,254,000 after buying an additional 942,199 shares in the last quarter. Wellington Management Group LLP boosted its position in CarGurus by 6.6% during the 3rd quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company’s stock valued at $358,773,000 after acquiring an additional 594,670 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of CarGurus in the 4th quarter valued at $21,756,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of CarGurus by 159,137.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 536,629 shares of the company’s stock valued at $22,787,000 after acquiring an additional 536,292 shares during the period. Finally, Prevatt Capital Ltd increased its holdings in shares of CarGurus by 28.1% in the 3rd quarter. Prevatt Capital Ltd now owns 2,050,000 shares of the company’s stock valued at $76,322,000 after acquiring an additional 450,000 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.

About CarGurus

(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.