Greg Schwartz Sells 10,000 Shares of CarGurus (NASDAQ:CARG) Stock

Posted by George Bondi on Aug 16th, 2026

CarGurus, Inc. (NASDAQ:CARG – Get Free Report) Director Greg Schwartz sold 10,000 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $36.07, for a total value of $360,700.00. Following the transaction, the director owned 8,716 shares of the company’s stock, valued at $314,386.12. The trade was a 53.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

CarGurus Stock Performance

Shares of CarGurus stock opened at $37.44 on Friday. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $41.22. The stock’s 50-day simple moving average is $33.76 and its 200 day simple moving average is $32.77. The stock has a market capitalization of $3.33 billion, a P/E ratio of 20.35, a P/E/G ratio of 1.36 and a beta of 1.17.

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

Hedge Funds Weigh In On CarGurus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CARG. Bank of New York Mellon Corp bought a new position in CarGurus in the 2nd quarter worth about $15,631,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of CarGurus by 1.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 24,318 shares of the company’s stock valued at $829,000 after acquiring an additional 459 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of CarGurus by 31.5% during the 1st quarter. Pacer Advisors Inc. now owns 342,949 shares of the company’s stock valued at $11,677,000 after acquiring an additional 82,222 shares during the last quarter. Bank of America Corp DE boosted its position in shares of CarGurus by 26.6% during the 1st quarter. Bank of America Corp DE now owns 586,346 shares of the company’s stock valued at $19,965,000 after acquiring an additional 123,364 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of CarGurus by 8.1% during the first quarter. Janus Henderson Group PLC now owns 229,225 shares of the company’s stock worth $7,805,000 after purchasing an additional 17,139 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CARG has been the topic of a number of analyst reports. Freedom Capital raised shares of CarGurus to a “strong-buy” rating in a report on Friday, June 12th. JPMorgan Chase & Co. lifted their price target on CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Needham & Company LLC lifted their price target on CarGurus from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Barclays increased their price objective on CarGurus from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Finally, Piper Sandler reaffirmed a “sector weight” rating on shares of CarGurus in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, CarGurus currently has an average rating of “Moderate Buy” and a consensus price target of $40.75.

View Our Latest Analysis on CarGurus

CarGurus Company Profile

(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.