Stephen Kaufer Acquires 30,766 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) Director Stephen Kaufer purchased 30,766 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average price of $32.50 per share, for a total transaction of $999,895.00. Following the completion of the acquisition, the director directly owned 323,939 shares in the company, valued at $10,528,017.50. The trade was a 10.49% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

CarGurus Stock Performance

CARG stock traded up $1.08 during midday trading on Wednesday, reaching $33.53. The company’s stock had a trading volume of 1,482,364 shares, compared to its average volume of 1,300,416. The stock has a fifty day simple moving average of $33.13 and a two-hundred day simple moving average of $34.81. CarGurus, Inc. has a 1 year low of $24.65 and a 1 year high of $39.42. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 1.17 and a beta of 1.37.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CARG. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in CarGurus in the 2nd quarter worth approximately $27,000. MAI Capital Management grew its holdings in shares of CarGurus by 661.0% in the second quarter. MAI Capital Management now owns 1,172 shares of the company’s stock valued at $39,000 after purchasing an additional 1,018 shares in the last quarter. Farther Finance Advisors LLC grew its stake in CarGurus by 71.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock worth $40,000 after purchasing an additional 443 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of CarGurus in the 3rd quarter valued at about $46,000. Finally, Torren Management LLC purchased a new stake in shares of CarGurus during the 4th quarter worth approximately $49,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Oppenheimer lowered their price objective on CarGurus from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Needham & Company LLC lowered their price target on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. DA Davidson dropped their price target on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a research report on Friday, February 20th. BTIG Research decreased their price objective 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. Finally, Royal Bank Of Canada lowered their target price on shares of CarGurus from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, CarGurus has a consensus rating of “Hold” and an average target price of $38.14.

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.