CarGurus (NASDAQ:CARG) Insider Jennifer Ladd Hanson Sells 2,358 Shares

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 2,358 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $38.10, for a total transaction of $89,839.80. Following the sale, the insider directly owned 50,466 shares in the company, valued at $1,922,754.60. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

CarGurus Stock Performance

NASDAQ CARG opened at $37.85 on Tuesday. CarGurus, Inc. has a one year low of $24.65 and a one year high of $41.33. The company has a 50-day simple moving average of $36.33 and a 200-day simple moving average of $35.07. The firm has a market capitalization of $3.61 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.36.

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

Institutional Trading of CarGurus

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Intech Investment Management LLC lifted its stake in CarGurus by 50.0% during the first quarter. Intech Investment Management LLC now owns 67,246 shares of the company’s stock valued at $1,959,000 after buying an additional 22,425 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of CarGurus by 6.7% during the second quarter. Nordea Investment Management AB now owns 336,930 shares of the company’s stock valued at $11,247,000 after acquiring an additional 21,167 shares during the period. Congress Asset Management Co. purchased a new stake in shares of CarGurus in the 3rd quarter valued at approximately $70,856,000. Dynamic Technology Lab Private Ltd acquired a new position in CarGurus in the 2nd quarter worth approximately $379,000. Finally, Capital Fund Management S.A. grew its position in CarGurus by 252.6% during the 2nd quarter. Capital Fund Management S.A. now owns 186,106 shares of the company’s stock worth $6,229,000 after purchasing an additional 133,331 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CARG has been the subject of several analyst reports. Jefferies Financial Group boosted their price target on shares of CarGurus from $42.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Wall Street Zen downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Saturday. BTIG Research upped their target price on shares of CarGurus from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, December 30th. Citigroup lifted their price target on CarGurus from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CarGurus in a research report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.86.

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.