CarGurus (NASDAQ:CARG) COO Sells $365,000.00 in Stock

CarGurus, Inc. (NASDAQ:CARG – Get Free Report) COO Samuel Zales sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $36.50, for a total value of $365,000.00. Following the completion of the transaction, the chief operating officer directly owned 465,349 shares in the company, valued at $16,985,238.50. This trade represents a 2.10% 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Stock Performance

CARG stock opened at $34.63 on Thursday. The firm has a market cap of $3.08 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 1.23 and a beta of 1.16. CarGurus, Inc. has a 1 year low of $26.39 and a 1 year high of $41.22. The stock has a 50-day simple moving average of $35.62 and a 200-day simple moving average of $33.31.

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CarGurus (NASDAQ:CARG – Get Free Report) last released its quarterly 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 firm had revenue of $250.97 million during the quarter, compared to analysts’ expectations of $249.85 million. CarGurus had a return on equity of 62.88% and a net margin of 18.06%.CarGurus’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. On average, equities research analysts predict that CarGurus, Inc. will post 2.17 EPS for the current year.

Hedge Funds Weigh In On CarGurus

A number of large investors have recently bought and sold shares of the business. Convergence Investment Partners LLC acquired a new stake in shares of CarGurus during the 4th quarter worth approximately $3,742,000. Lazard Asset Management LLC boosted its position in CarGurus by 180.8% during the 1st quarter. Lazard Asset Management LLC now owns 445,868 shares of the company’s stock valued at $15,182,000 after purchasing an additional 287,067 shares during the period. Bank of America Corp DE grew its stake in CarGurus by 26.6% during the 1st quarter. Bank of America Corp DE now owns 586,346 shares of the company’s stock worth $19,965,000 after buying an additional 123,364 shares during the last quarter. Westover Capital Advisors LLC bought a new position in CarGurus during the 4th quarter worth $1,912,000. Finally, Louisiana State Employees Retirement System acquired a new stake in CarGurus in the first quarter worth $1,226,000. Institutional investors own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. BTIG Research increased their price objective on shares of CarGurus from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Citigroup raised their price objective on shares of CarGurus from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Oppenheimer boosted their target price on shares of CarGurus from $38.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Finally, UBS Group lifted their price target on CarGurus from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.75.

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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.

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