CarGurus (NASDAQ:CARG) Insider Sells $18,733.68 in Stock

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 567 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $33.04, for a total transaction of $18,733.68. Following the transaction, the insider directly owned 96,432 shares in the company, valued at $3,186,113.28. The trade was a 0.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jennifer Ladd Hanson also recently made the following trade(s):

• On Tuesday, March 31st, Jennifer Ladd Hanson sold 2,499 shares of CarGurus stock. The shares were sold at an average price of $35.61, for a total transaction of $88,989.39.

CarGurus Stock Performance

Shares of CARG opened at $34.57 on Thursday. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 1.24 and a beta of 1.32. The company’s 50 day simple moving average is $31.67 and its 200 day simple moving average is $34.58. CarGurus, Inc. has a 1 year low of $24.93 and a 1 year high of $39.42.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.63 earnings per share 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 the consensus estimate of $239.07 million. CarGurus had a net margin of 16.60% and a return on equity of 47.50%. CarGurus’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. Equities analysts expect that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on CARG. UBS Group set a $38.00 price target on shares of CarGurus in a report on Tuesday, February 24th. DA Davidson lowered their price target on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating for the company in a report on Friday, February 20th. Wall Street Zen lowered shares of CarGurus from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Needham & Company LLC lowered their price target on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Finally, BTIG Research lowered their price target on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a report on Friday, February 20th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, CarGurus currently has an average rating of “Hold” and a consensus target price of $38.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CARG. Farther Finance Advisors LLC lifted its position in CarGurus by 71.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock valued at $40,000 after purchasing an additional 443 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in CarGurus in the 3rd quarter valued at about $46,000. Torren Management LLC bought a new stake in CarGurus in the 4th quarter valued at about $49,000. First Horizon Corp bought a new stake in CarGurus in the 3rd quarter valued at about $51,000. Finally, EverSource Wealth Advisors LLC lifted its position in CarGurus by 491.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after purchasing an additional 1,362 shares during the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

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.