CarGurus (NASDAQ:CARG) CEO Jason Trevisan Sells 1,100 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG – Get Free Report) CEO Jason Trevisan sold 1,100 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $41.06, for a total transaction of $45,166.00. Following the completion of the sale, the chief executive officer directly owned 674,762 shares in the company, valued at approximately $27,705,727.72. This represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Trading Down 3.8%

Shares of CARG opened at $36.18 on Wednesday. The stock has a market capitalization of $3.26 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 1.37 and a beta of 1.17. The firm’s fifty day simple moving average is $33.15 and its two-hundred day simple moving average is $32.69. CarGurus, Inc. has a 12 month low of $26.39 and a 12 month high of $41.22.

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CarGurus (NASDAQ:CARG – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. The business had revenue of $250.97 million during the quarter, compared to the consensus estimate of $249.85 million. CarGurus had a return on equity of 62.88% and a net margin of 18.06%.The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. As a group, research analysts predict that CarGurus, Inc. will post 2.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CARG has been the topic of several research reports. B. Riley Financial reiterated a “buy” rating on shares of CarGurus in a report on Friday. Needham & Company LLC raised their target price on CarGurus from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank Of Canada upped their price target on CarGurus from $35.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of CarGurus in a report on Friday. Finally, BTIG Research raised their price objective on CarGurus from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, CarGurus presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.35.

Check Out Our Latest Stock Analysis on CarGurus

Institutional Trading of CarGurus

Institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new stake in CarGurus in the 3rd quarter worth about $46,000. Torren Management LLC bought a new position in shares of CarGurus during the 4th quarter worth approximately $49,000. EverSource Wealth Advisors LLC boosted its stake in shares of CarGurus by 491.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after buying an additional 1,362 shares during the last quarter. Clearstead Advisors LLC boosted its stake in shares of CarGurus by 321.2% in the 4th quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock worth $82,000 after buying an additional 1,622 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of CarGurus by 356.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock valued at $83,000 after acquiring an additional 1,697 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

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.

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