Insider Selling: CarGurus (NASDAQ:CARG) CMO Sells 5,445 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) CMO Dafna Sarnoff sold 5,445 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $33.04, for a total value of $179,902.80. Following the completion of the transaction, the chief marketing officer directly owned 134,369 shares in the company, valued at approximately $4,439,551.76. This represents a 3.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Stock Performance

NASDAQ:CARG traded up $1.42 during trading on Monday, reaching $34.75. The company’s stock had a trading volume of 908,101 shares, compared to its average volume of 1,289,817. CarGurus, Inc. has a 12 month low of $24.65 and a 12 month high of $39.42. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32. The firm has a 50 day moving average of $31.61 and a 200-day moving average of $34.61.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, February 19th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $209.09 million for the quarter, compared to analysts’ expectations of $239.07 million. CarGurus had a return on equity of 47.50% and a net margin of 16.60%.The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 EPS. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. Equities research analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CarGurus

Large investors have recently modified their holdings of the business. Congress Asset Management Co. purchased a new stake in shares of CarGurus during the 3rd quarter valued at approximately $70,856,000. UBS Group AG grew its stake in CarGurus by 158.2% in the 3rd quarter. UBS Group AG now owns 1,537,856 shares of the company’s stock valued at $57,254,000 after buying an additional 942,199 shares in the last quarter. Wellington Management Group LLP raised its holdings in CarGurus by 6.6% during the 3rd quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company’s stock valued at $358,773,000 after acquiring an additional 594,670 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of CarGurus during the fourth quarter worth $21,756,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of CarGurus by 159,137.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 536,629 shares of the company’s stock worth $22,787,000 after acquiring an additional 536,292 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CARG shares. BTIG Research reduced their target price on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, February 20th. UBS Group set a $38.00 price target on shares of CarGurus in a report on Tuesday, February 24th. Oppenheimer reduced their price objective on CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of CarGurus in a research report on Monday, December 29th. Finally, Needham & Company LLC lowered their target price on CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, CarGurus currently has a consensus rating of “Hold” and a consensus target price of $38.14.

CarGurus Company Profile

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.