CarGurus (NASDAQ:CARG) CMO Dafna Sarnoff Sells 5,445 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) CMO Dafna Sarnoff sold 5,445 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $33.04, for a total transaction of $179,902.80. Following the completion of the transaction, the chief marketing officer owned 134,369 shares in the company, valued at approximately $4,439,551.76. This trade represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Stock Up 4.3%

CARG opened at $34.75 on Tuesday. The stock has a market cap of $3.31 billion, a PE ratio of 22.42, a P/E/G ratio of 1.24 and a beta of 1.32. CarGurus, Inc. has a 52 week low of $24.65 and a 52 week high of $39.42. The business’s fifty day simple moving average is $31.62 and its 200 day simple moving average is $34.59.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, February 19th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $209.09 million for 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 firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. As a group, equities analysts anticipate that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Analysts Set New Price Targets

CARG has been the topic of several research reports. UBS Group set a $38.00 price target on shares of CarGurus in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CarGurus in a research note on Monday, December 29th. DA Davidson reduced their price objective on CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a research note on Friday, February 20th. BTIG Research reduced their price objective on CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Oppenheimer reduced their price target on CarGurus from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CARG. JPMorgan Chase & Co. grew its stake in shares of CarGurus by 17.8% in the third quarter. JPMorgan Chase & Co. now owns 545,636 shares of the company’s stock worth $20,314,000 after purchasing an additional 82,511 shares during the last quarter. Jupiter Asset Management Ltd. grew its stake in shares of CarGurus by 230.6% in the third quarter. Jupiter Asset Management Ltd. now owns 580,117 shares of the company’s stock worth $21,598,000 after purchasing an additional 404,617 shares during the last quarter. Aurora Investment Counsel bought a new stake in shares of CarGurus in the third quarter worth about $2,174,000. Congress Asset Management Co. bought a new stake in shares of CarGurus in the third quarter worth about $70,856,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of CarGurus by 100.3% in the third quarter. Envestnet Asset Management Inc. now owns 102,818 shares of the company’s stock worth $3,828,000 after purchasing an additional 51,487 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

CarGurus Company Profile

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.