CarGurus, Inc. (NASDAQ:CARG – Get Free Report) COO Samuel Zales sold 10,000 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $30.31, for a total value of $303,100.00. Following the sale, the chief operating officer directly owned 429,735 shares in the company, valued at $13,025,267.85. This trade represents a 2.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Samuel Zales also recently made the following trade(s):
- On Tuesday, September 15th, Samuel Zales sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $34.62, for a total value of $346,200.00.
- On Friday, August 28th, Samuel Zales sold 10,000 shares of CarGurus stock. The shares were sold at an average price of $36.50, for a total value of $365,000.00.
CarGurus Price Performance
CARG stock traded down $0.02 during mid-day trading on Friday, reaching $30.28. 1,009,238 shares of the company traded hands, compared to its average volume of 1,727,869. The company has a fifty day moving average price of $33.34 and a 200-day moving average price of $33.26. The company has a market capitalization of $2.70 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.08 and a beta of 1.22. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $41.22.
CarGurus (NASDAQ:CARG – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.05. The business had revenue of $250.97 million for the quarter, compared to analysts’ expectations of $249.85 million. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. As a group, analysts forecast 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 stock. Assenagon Asset Management S.A. raised its holdings in CarGurus by 159.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 351,886 shares of the company’s stock valued at $10,965,000 after buying an additional 216,304 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of CarGurus by 12.9% during the third quarter. GAMMA Investing LLC now owns 5,108 shares of the company’s stock worth $159,000 after purchasing an additional 585 shares during the period. Farther Finance Advisors LLC grew its stake in shares of CarGurus by 107.5% in the third quarter. Farther Finance Advisors LLC now owns 1,531 shares of the company’s stock worth $48,000 after purchasing an additional 793 shares during the last quarter. Congress Asset Management Co. grew its stake in shares of CarGurus by 7.6% in the third quarter. Congress Asset Management Co. now owns 2,125,686 shares of the company’s stock worth $66,236,000 after purchasing an additional 149,338 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in CarGurus by 20.2% during the 3rd quarter. Versant Capital Management Inc now owns 2,325 shares of the company’s stock valued at $72,000 after purchasing an additional 391 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
CARG has been the topic of several research reports. Citigroup raised their price objective on shares of CarGurus from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Oppenheimer lifted their price objective on shares of CarGurus from $38.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. BTIG Research upped their target price on shares of CarGurus from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. B. Riley Financial reissued a “buy” rating on shares of CarGurus in a research note on Friday, August 7th. Finally, Barclays reduced their target price on CarGurus from $41.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.95.
Check Out Our Latest Analysis on CarGurus
CarGurus Company Profile
CarGurus, Inc is a digital automotive marketplace that connects consumers with dealerships and private sellers offering new and used vehicles. Its platform enables shoppers to search vehicle listings, compare prices and features, review dealership information, and evaluate vehicle deals using data-driven tools. CarGurus generates revenue primarily by providing automotive dealers with listing, advertising, and other digital marketing services.
The company also offers products designed to help dealers attract shoppers, manage vehicle listings, and support the online and in-person vehicle-buying process.
Read More
- Five stocks we like better than CarGurus
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
- 3 Stocks Delivering Bigger Dividends Despite Market Uncertainty
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.
