Javier Zamora Sells 3,532 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) General Counsel Javier Zamora sold 3,532 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $32.63, for a total value of $115,249.16. Following the completion of the transaction, the general counsel directly owned 99,529 shares in the company, valued at approximately $3,247,631.27. This trade represents a 3.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Javier Zamora also recently made the following trade(s):

• On Monday, June 1st, Javier Zamora sold 8,072 shares of CarGurus stock. The shares were sold at an average price of $29.53, for a total transaction of $238,366.16.

CarGurus Stock Up 0.3%

Shares of NASDAQ CARG opened at $34.09 on Wednesday. The business’s 50 day moving average is $31.49 and its two-hundred day moving average is $33.11. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $39.42. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 1.24 and a beta of 1.20.

CarGurus (NASDAQ:CARG) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $243.56 million during the quarter, compared to analyst estimates of $243.10 million. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $0.46 earnings per share. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. Analysts anticipate that CarGurus, Inc. will post 2.11 EPS for the current fiscal year.

Institutional Investors Weigh In On CarGurus

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in shares of CarGurus by 22.6% in the 1st quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock valued at $2,186,000 after buying an additional 13,834 shares during the period. AQR Capital Management LLC increased its stake in shares of CarGurus by 25.4% during the first quarter. AQR Capital Management LLC now owns 25,946 shares of the company’s stock worth $756,000 after buying an additional 5,259 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of CarGurus by 3.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,845 shares of the company’s stock worth $1,889,000 after buying an additional 1,890 shares during the period. Jane Street Group LLC raised its holdings in CarGurus by 113.0% in the first quarter. Jane Street Group LLC now owns 123,305 shares of the company’s stock valued at $3,592,000 after acquiring an additional 65,420 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in CarGurus in the second quarter valued at approximately $87,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CARG. UBS Group set a $35.00 target price on CarGurus in a research report on Thursday, May 28th. Royal Bank Of Canada raised their price objective on shares of CarGurus from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. lifted their price objective on shares of CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Weiss Ratings downgraded shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Finally, Piper Sandler reiterated a “sector weight” rating on shares of CarGurus in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, CarGurus presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.79.

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.