Insider Selling: CarGurus (NASDAQ:CARG) Insider Sells $88,989.39 in Stock

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 2,499 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $35.61, for a total value of $88,989.39. Following the completion of the transaction, the insider owned 98,191 shares of the company’s stock, valued at $3,496,581.51. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Price Performance

NASDAQ:CARG opened at $33.33 on Friday. CarGurus, Inc. has a 52 week low of $24.65 and a 52 week high of $39.42. The stock’s fifty day moving average is $31.61 and its two-hundred day moving average is $34.63. The company has a market capitalization of $3.17 billion, a P/E ratio of 21.50, a P/E/G ratio of 1.24 and a beta of 1.32.

CarGurus (NASDAQ:CARG) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $209.09 million during 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 company’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 EPS. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. Sell-side analysts anticipate that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of CarGurus from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CarGurus in a research report on Monday, December 29th. Jefferies Financial Group lifted their target price on shares of CarGurus from $42.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, December 11th. UBS Group set a $38.00 target price on CarGurus in a research report on Tuesday, February 24th. Finally, Wall Street Zen cut CarGurus from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, CarGurus currently has a consensus rating of “Hold” and a consensus target price of $38.14.

Institutional Trading of CarGurus

Several hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its holdings in shares of CarGurus by 71.1% in the third quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock valued at $40,000 after purchasing an additional 443 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in CarGurus during the 3rd quarter worth approximately $46,000. Torren Management LLC acquired a new stake in CarGurus during the 4th quarter worth approximately $49,000. First Horizon Corp purchased a new position in CarGurus in the 3rd quarter valued at approximately $51,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of CarGurus by 491.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after acquiring an additional 1,362 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

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.