CarGurus (NASDAQ:CARG) CMO Dafna Sarnoff Sells 7,234 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) CMO Dafna Sarnoff sold 7,234 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $29.62, for a total value of $214,271.08. Following the transaction, the chief marketing officer owned 94,884 shares of the company’s stock, valued at $2,810,464.08. This represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dafna Sarnoff also recently made the following trade(s):

• On Thursday, August 13th, Dafna Sarnoff sold 17,151 shares of CarGurus stock. The stock was sold at an average price of $37.00, for a total transaction of $634,587.00.

CarGurus Stock Down 2.2%

CarGurus stock traded down $0.67 during mid-day trading on Monday, reaching $29.35. 2,138,602 shares of the company’s stock traded hands, compared to its average volume of 1,247,572. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 1.07 and a beta of 1.22. The stock has a 50 day moving average of $34.80 and a two-hundred day moving average of $33.61. CarGurus, Inc. has a 12-month low of $26.39 and a 12-month high of $41.22.

CarGurus (NASDAQ:CARG) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.61 by $0.05. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The business had revenue of $250.97 million during the quarter, compared to analyst estimates of $249.85 million. During the same quarter last year, the business earned $0.57 earnings per share. CarGurus’s quarterly revenue was up 7.2% compared to the same quarter last year. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. As a group, sell-side analysts forecast that CarGurus, Inc. will post 2.17 earnings per share for the current year.

Institutional Trading of CarGurus

Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of CarGurus during the second quarter valued at approximately $15,631,000. Pale Fire Capital SE purchased a new position in CarGurus during the 2nd quarter valued at $13,112,000. Lazard Asset Management LLC grew its position in CarGurus by 180.8% in the 1st quarter. Lazard Asset Management LLC now owns 445,868 shares of the company’s stock valued at $15,182,000 after acquiring an additional 287,067 shares during the last quarter. Prevatt Capital Ltd grew its position in CarGurus by 12.5% in the 1st quarter. Prevatt Capital Ltd now owns 2,475,000 shares of the company’s stock valued at $84,274,000 after acquiring an additional 275,000 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in CarGurus by 5,046.6% in the fourth quarter. Pacer Advisors Inc. now owns 260,727 shares of the company’s stock worth $9,999,000 after purchasing an additional 255,661 shares during the period. Institutional investors own 86.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CARG shares. Piper Sandler reissued a “sector weight” rating on shares of CarGurus in a research note on Friday, June 12th. Citigroup lifted their target price on CarGurus from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Weiss Ratings raised CarGurus from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Oppenheimer increased their price target on CarGurus from $38.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, Barclays raised their price target on CarGurus from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.75.

CarGurus Company Profile

CarGurus, Inc is a digital automotive marketplace that connects consumers with dealerships and private sellers offering new and used vehicles. Its platform enables shoppers to search vehicle listings, compare prices and features, review dealership information, and evaluate vehicle deals using data-driven tools. CarGurus generates revenue primarily by providing automotive dealers with listing, advertising, and other digital marketing services.

The company also offers products designed to help dealers attract shoppers, manage vehicle listings, and support the online and in-person vehicle-buying process.