CarGurus (NASDAQ:CARG) CTO Matthew Todd Quinn Sells 4,341 Shares

CarGurus, Inc. (NASDAQ:CARG) CTO Matthew Todd Quinn sold 4,341 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $33.04, for a total value of $143,426.64. Following the sale, the chief technology officer owned 246,098 shares of the company’s stock, valued at approximately $8,131,077.92. This represents a 1.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Trading Up 4.3%

Shares of CARG opened at $34.75 on Tuesday. CarGurus, Inc. has a 12 month low of $24.65 and a 12 month high of $39.42. The stock has a fifty day moving average price of $31.62 and a 200-day moving average price of $34.59. The firm 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 (NASDAQ:CARG) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. CarGurus had a return on equity of 47.50% and a net margin of 16.60%.The firm had revenue of $209.09 million during the quarter, compared to analyst estimates of $239.07 million. During the same quarter in the prior year, the business posted $0.55 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. As a group, research analysts forecast that CarGurus, Inc. will post 1.41 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CARG shares. Royal Bank Of Canada decreased their price objective on shares of CarGurus from $40.00 to $34.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CarGurus in a research report on Monday, December 29th. Oppenheimer decreased their price objective on shares of CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Wall Street Zen cut CarGurus from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, Needham & Company LLC lowered their price target on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.14.

Hedge Funds Weigh In On CarGurus

Several institutional investors have recently made changes to their positions in CARG. Royal Bank of Canada increased its holdings in shares of CarGurus by 22.6% during the 1st quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock valued at $2,186,000 after purchasing an additional 13,834 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of CarGurus by 25.4% in the 1st quarter. AQR Capital Management LLC now owns 25,946 shares of the company’s stock valued at $756,000 after purchasing an additional 5,259 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in CarGurus by 3.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,845 shares of the company’s stock worth $1,889,000 after acquiring an additional 1,890 shares in the last quarter. Jane Street Group LLC increased its holdings in CarGurus by 113.0% in the 1st quarter. Jane Street Group LLC now owns 123,305 shares of the company’s stock worth $3,592,000 after acquiring an additional 65,420 shares in the last quarter. Finally, Norges Bank purchased a new stake in CarGurus in the 2nd quarter worth $2,325,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

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.