Jason Trevisan Sells 8,452 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) CEO Jason Trevisan sold 8,452 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $39.04, for a total value of $329,966.08. Following the completion of the sale, the chief executive officer owned 647,031 shares of the company’s stock, valued at $25,260,090.24. The trade was a 1.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Jason Trevisan also recently made the following trade(s):

• On Tuesday, December 23rd, Jason Trevisan sold 16,548 shares of CarGurus stock. The shares were sold at an average price of $39.02, for a total value of $645,702.96.
• On Tuesday, December 9th, Jason Trevisan sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $37.00, for a total value of $740,000.00.

CarGurus Trading Down 0.2%

Shares of CARG traded down $0.06 during midday trading on Monday, reaching $38.58. 397,632 shares of the stock were exchanged, compared to its average volume of 1,025,065. The company has a market capitalization of $3.68 billion, a P/E ratio of 26.24, a PEG ratio of 1.79 and a beta of 1.42. CarGurus, Inc. has a 52 week low of $24.65 and a 52 week high of $41.33. The company’s 50 day moving average is $36.09 and its two-hundred day moving average is $34.79.

CarGurus (NASDAQ:CARG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $238.70 million during the quarter, compared to analyst estimates of $234.57 million. CarGurus had a net margin of 16.41% and a return on equity of 41.31%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. On average, sell-side analysts expect that CarGurus, Inc. will post 1.41 EPS for the current year.

Institutional Trading of CarGurus

Institutional investors have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. acquired a new position in CarGurus during the 3rd quarter valued at approximately $327,000. Danske Bank A S acquired a new stake in shares of CarGurus during the third quarter worth $1,009,000. Hancock Whitney Corp purchased a new stake in shares of CarGurus during the third quarter valued at $697,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of CarGurus in the 3rd quarter valued at $12,175,000. Finally, Caxton Associates LLP purchased a new position in CarGurus in the 3rd quarter worth $663,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CARG shares. Zacks Research downgraded shares of CarGurus from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. BTIG Research reissued a “buy” rating and issued a $39.00 price target on shares of CarGurus in a research report on Friday, September 5th. Wall Street Zen raised CarGurus from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. UBS Group lifted their target price on CarGurus from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Finally, DA Davidson set a $37.50 target price on shares of CarGurus in a report on Monday, November 17th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.41.

About CarGurus

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.