CarGurus (NASDAQ:CARG) CEO Jason Trevisan Sells 8,452 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) CEO Jason Trevisan sold 8,452 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $39.04, for a total value of $329,966.08. Following the transaction, the chief executive officer owned 647,031 shares in the company, valued at $25,260,090.24. This trade represents a 1.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jason Trevisan also recently made the following trade(s):

• On Tuesday, December 23rd, Jason Trevisan sold 16,548 shares of CarGurus stock. The shares were sold at an average price of $39.02, for a total transaction of $645,702.96.
• On Tuesday, December 9th, Jason Trevisan sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $37.00, for a total transaction of $740,000.00.

CarGurus Stock Down 0.2%

CARG stock opened at $38.58 on Tuesday. The stock has a market capitalization of $3.68 billion, a P/E ratio of 26.24, a P/E/G ratio of 1.79 and a beta of 1.42. CarGurus, Inc. has a 52 week low of $24.65 and a 52 week high of $41.33. The firm has a 50-day simple moving average of $36.14 and a 200-day simple moving average of $34.84.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. CarGurus had a return on equity of 41.31% and a net margin of 16.41%.The company had revenue of $238.70 million for the quarter, compared to analysts’ expectations of $234.57 million. During the same period in the previous year, the firm posted $0.45 EPS. CarGurus’s revenue was up 3.2% compared to the same quarter last year. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. On average, analysts expect that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of CarGurus from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Zacks Research cut CarGurus from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. Jefferies Financial Group increased their price target on CarGurus from $42.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, December 11th. BTIG Research reissued a “buy” rating and set a $39.00 price objective on shares of CarGurus in a research note on Friday, September 5th. Finally, UBS Group raised their target price on CarGurus from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, CarGurus has an average rating of “Hold” and a consensus target price of $40.41.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CARG. Wellington Management Group LLP increased its stake in CarGurus by 6.6% during the third quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company’s stock worth $358,773,000 after acquiring an additional 594,670 shares during the last quarter. Prevatt Capital Ltd increased its position in shares of CarGurus by 28.1% during the 3rd quarter. Prevatt Capital Ltd now owns 2,050,000 shares of the company’s stock worth $76,322,000 after purchasing an additional 450,000 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in CarGurus by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,914,925 shares of the company’s stock valued at $64,093,000 after buying an additional 6,676 shares during the period. Congress Asset Management Co. purchased a new position in CarGurus during the third quarter worth about $70,856,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in CarGurus by 11.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,888,766 shares of the company’s stock worth $70,319,000 after buying an additional 188,856 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

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.