CarGurus (NASDAQ:CARG) Insider Jennifer Ladd Hanson Sells 567 Shares

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 567 shares of the firm’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 $18,733.68. Following the sale, the insider owned 96,432 shares of the company’s stock, valued at $3,186,113.28. This trade represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jennifer Ladd Hanson also recently made the following trade(s):

• On Tuesday, March 31st, Jennifer Ladd Hanson sold 2,499 shares of CarGurus stock. The shares were sold at an average price of $35.61, for a total value of $88,989.39.

CarGurus Trading Up 4.3%

Shares of CARG stock opened at $34.75 on Tuesday. The stock has a market cap of $3.31 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32. The stock has a 50 day simple moving average of $31.62 and a 200 day simple moving average of $34.59. CarGurus, Inc. has a 1 year low of $24.65 and a 1 year high of $39.42.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 earnings per share. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. Analysts forecast that CarGurus, Inc. will post 1.41 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on CARG. Weiss Ratings reiterated a “hold (c+)” rating on shares of CarGurus in a research note on Monday, December 29th. Needham & Company LLC cut their price target on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. BTIG Research cut their price target on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Jefferies Financial Group boosted their price objective on shares of CarGurus from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Finally, Wall Street Zen downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Five 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 presently has an average rating of “Hold” and an average price target of $38.14.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CARG. Royal Bank of Canada raised its position in CarGurus by 22.6% during the first 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 raised its position in CarGurus by 25.4% during the first 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. raised its position in CarGurus by 3.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,845 shares of the company’s stock valued at $1,889,000 after purchasing an additional 1,890 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of CarGurus by 113.0% during the first quarter. Jane Street Group LLC now owns 123,305 shares of the company’s stock worth $3,592,000 after buying an additional 65,420 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of CarGurus during the second quarter worth $2,325,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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.