Insider Selling: CarGurus (NASDAQ:CARG) CTO Sells 4,341 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) CTO Matthew Todd Quinn sold 4,341 shares of the firm’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 $143,426.64. Following the transaction, the chief technology officer owned 246,098 shares in the company, valued at $8,131,077.92. This represents a 1.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Stock Up 4.3%

CARG traded up $1.42 during trading on Monday, reaching $34.75. The stock had a trading volume of 908,101 shares, compared to its average volume of 1,289,817. The stock has a 50 day moving average of $31.61 and a two-hundred day moving average of $34.61. The firm has a market capitalization 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. CarGurus, Inc. has a 1-year low of $24.65 and a 1-year high of $39.42.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.55 EPS. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. On average, research analysts forecast that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Institutional Trading of CarGurus

Hedge funds have recently bought and sold shares of the company. Congress Asset Management Co. acquired a new position in shares of CarGurus in the third quarter worth about $70,856,000. UBS Group AG raised its holdings in shares of CarGurus by 158.2% during the third quarter. UBS Group AG now owns 1,537,856 shares of the company’s stock valued at $57,254,000 after acquiring an additional 942,199 shares during the period. Wellington Management Group LLP lifted its position in shares of CarGurus by 6.6% in 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 in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of CarGurus in the 4th quarter valued at approximately $21,756,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in CarGurus by 159,137.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 536,629 shares of the company’s stock worth $22,787,000 after purchasing an additional 536,292 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of CarGurus in a research note on Monday, December 29th. Royal Bank Of Canada dropped their price target on CarGurus from $40.00 to $34.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Needham & Company LLC cut their price objective on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Wall Street Zen lowered CarGurus from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Finally, BTIG Research decreased their target price on CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.