CarGurus, Inc. (NASDAQ:CARG – Get Free Report) COO Samuel Zales sold 10,000 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $32.33, for a total value of $323,300.00. Following the completion of the sale, the chief operating officer directly owned 419,735 shares of the company’s stock, valued at approximately $13,570,032.55. The trade was a 2.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 Thursday, October 15th, Samuel Zales sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $30.31, for a total value of $303,100.00.
- On Tuesday, September 15th, Samuel Zales sold 10,000 shares of CarGurus stock. The shares were 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 transaction of $365,000.00.
CarGurus Stock Performance
Shares of NASDAQ CARG traded down $0.02 during midday trading on Tuesday, reaching $33.77. The stock had a trading volume of 1,211,852 shares, compared to its average volume of 1,269,784. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.11 and a beta of 1.22. CarGurus, Inc. has a twelve month low of $26.39 and a twelve month high of $41.22. The company’s 50 day moving average price is $32.29 and its 200 day moving average price is $32.83.
CarGurus (NASDAQ:CARG – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.05. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The company had revenue of $250.97 million during the quarter, compared to analysts’ expectations of $249.85 million. During the same period in the prior year, the company posted $0.57 earnings per share. CarGurus’s revenue for the quarter was up 7.2% compared to the same quarter last year. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. Equities analysts forecast that CarGurus, Inc. will post 2.17 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in CARG. Bank of New York Mellon Corp bought a new stake in CarGurus during the 2nd quarter worth approximately $15,631,000. Pale Fire Capital SE bought a new position in shares of CarGurus in the second quarter valued at approximately $13,112,000. Lazard Asset Management LLC lifted its holdings in shares of CarGurus by 180.8% in the first 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 in the last quarter. Assenagon Asset Management S.A. grew its holdings in CarGurus by 159.5% during the third quarter. Assenagon Asset Management S.A. now owns 351,886 shares of the company’s stock worth $10,965,000 after buying an additional 216,304 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in CarGurus by 18.2% in the 1st quarter. Bessemer Group Inc. now owns 1,085,061 shares of the company’s stock valued at $36,945,000 after buying an additional 166,954 shares during the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. UBS Group dropped their price objective on CarGurus from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. Oppenheimer raised their target price on CarGurus from $38.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Royal Bank Of Canada lifted their target price on CarGurus from $35.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Barclays dropped their price target on CarGurus from $41.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 6th. Finally, Citigroup increased their price target on CarGurus from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. One equities 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.95.
Read Our Latest Research Report on CarGurus
CarGurus Company Profile
CarGurus, Inc operates an online automotive marketplace that connects consumers with automobile dealers and private sellers. Its platform enables shoppers to search for new and used vehicles, compare listings, evaluate vehicle and dealer information, and contact sellers. CarGurus generates revenue primarily by providing dealers with digital listing, advertising and marketing products designed to help them reach potential buyers.
The company also offers tools intended to support automotive retailers’ online operations, including inventory merchandising, lead generation and digital retailing capabilities.
Featured Articles
- Five stocks we like better than CarGurus
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
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.
