CarGurus, Inc. (NASDAQ:CARG – Get Free Report) General Counsel Javier Zamora sold 6,205 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $37.08, for a total value of $230,081.40. Following the transaction, the general counsel directly owned 80,260 shares in the company, valued at approximately $2,976,040.80. This represents a 7.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Javier Zamora also recently made the following trade(s):
- On Thursday, July 2nd, Javier Zamora sold 3,533 shares of CarGurus stock. The shares were sold at an average price of $36.06, for a total value of $127,399.98.
- On Monday, June 29th, Javier Zamora sold 3,532 shares of CarGurus stock. The shares were sold at an average price of $34.08, for a total value of $120,370.56.
- On Friday, June 26th, Javier Zamora sold 3,532 shares of CarGurus stock. The stock was sold at an average price of $32.63, for a total value of $115,249.16.
- On Monday, June 1st, Javier Zamora sold 8,072 shares of CarGurus stock. The stock was sold at an average price of $29.53, for a total transaction of $238,366.16.
CarGurus Price Performance
CARG stock opened at $37.02 on Wednesday. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 1.35 and a beta of 1.17. CarGurus, Inc. has a 1-year low of $26.39 and a 1-year high of $39.42. The firm has a fifty day moving average price of $32.39 and a two-hundred day moving average price of $32.58.
Institutional Investors Weigh In On CarGurus
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its stake 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 buying an additional 594,670 shares during the period. Prevatt Capital Ltd boosted its holdings in shares of CarGurus by 12.5% in 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 in the last quarter. Geode Capital Management LLC increased its stake in shares of CarGurus by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,101,437 shares of the company’s stock valued at $80,602,000 after acquiring an additional 24,910 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of CarGurus by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,914,925 shares of the company’s stock valued at $64,093,000 after acquiring an additional 6,676 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in CarGurus by 11.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,888,766 shares of the company’s stock worth $70,319,000 after purchasing an additional 188,856 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
CARG has been the topic of a number of research reports. Barclays increased their price target on CarGurus from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. UBS Group set a $35.00 target price on CarGurus in a research report on Thursday, May 28th. JPMorgan Chase & Co. upped their price target on shares of CarGurus from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Wall Street Zen raised shares of CarGurus from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Finally, Needham & Company LLC upped their target price on shares of CarGurus from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.55.
Get Our Latest Analysis on CARG
About CarGurus
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.
Featured Articles
- Five stocks we like better than CarGurus
- System Upgrade: First Internet Bancorp Options Surge
- AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push
- The AI Chip Blockade Is Creating a Shadow Market
- Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter
Receive News & Ratings for CarGurus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarGurus and related companies with MarketBeat.com's FREE daily email newsletter.
