CarGurus (NASDAQ:CARG) COO Samuel Zales Sells 10,000 Shares

Key Points

• CarGurus COO Samuel Zales sold 10,000 shares for approximately $346,200 at an average price of $34.62 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 2.15% to 455,349 shares.
• CarGurus reported quarterly EPS of $0.66, exceeding estimates of $0.61, while revenue reached $250.97 million, up 7.2% year over year and slightly above expectations.
• The stock traded at $33.75, while analysts assigned it a “Moderate Buy” consensus rating and an average price target of $40.75; institutional investors own 86.9% of outstanding shares.

CarGurus, Inc. (NASDAQ:CARG - Get Free Report) COO Samuel Zales sold 10,000 shares of the firm's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $34.62, for a total value of $346,200.00. Following the completion of the transaction, the chief operating officer owned 455,349 shares in the company, valued at approximately $15,764,182.38. This represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Samuel Zales also recently made the following trade(s):

• On Friday, August 28th, Samuel Zales sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $36.50, for a total value of $365,000.00.

CarGurus Stock Performance

CarGurus stock traded down $0.95 during trading hours on Thursday, reaching $33.75. 1,102,866 shares of the company's stock traded hands, compared to its average volume of 1,224,587. CarGurus, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $41.22. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 1.24 and a beta of 1.16. The firm's 50 day moving average is $35.52 and its 200-day moving average is $33.67.

CarGurus (NASDAQ:CARG - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.61 by $0.05. The company had revenue of $250.97 million during the quarter, compared to analysts' expectations of $249.85 million. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. CarGurus's revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 EPS. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. Analysts predict that CarGurus, Inc. will post 2.17 EPS for the current year.

Analyst Upgrades and Downgrades

CARG has been the topic of a number of analyst reports. Barclays increased their price target on CarGurus from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, August 10th. B. Riley Financial reaffirmed a "buy" rating on shares of CarGurus in a research note on Friday, August 7th. Piper Sandler reiterated a "sector weight" rating on shares of CarGurus in a report on Friday, June 12th. Wall Street Zen raised CarGurus from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. Finally, Weiss Ratings raised CarGurus from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.75.

Institutional Investors Weigh In On CarGurus

Several hedge funds have recently bought and sold shares of the company. Tidal Investments LLC grew its holdings in shares of CarGurus by 16.0% in the 2nd quarter. Tidal Investments LLC now owns 61,437 shares of the company's stock valued at $2,094,000 after buying an additional 8,468 shares during the period. RFG Advisory LLC bought a new stake in shares of CarGurus in the 2nd quarter valued at $1,421,000. Squarepoint Ops LLC acquired a new stake in CarGurus during the 2nd quarter worth $288,000. Nykredit A S acquired a new stake in CarGurus during the 2nd quarter worth $183,000. Finally, Corient Private Wealth LP lifted its holdings in CarGurus by 657.4% during the second quarter. Corient Private Wealth LP now owns 183,666 shares of the company's stock worth $6,261,000 after acquiring an additional 159,416 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

About CarGurus

CarGurus, Inc operates an online automotive marketplace that connects consumers with automobile dealers and private sellers. Its platform enables shoppers to search for new and used vehicles, compare listings, evaluate pricing and vehicle details, and contact sellers. CarGurus generates revenue primarily by providing dealers with digital advertising and marketing products designed to help them display inventory and reach prospective buyers.

The company also provides tools and services intended to support automotive retailers throughout the vehicle-shopping process, including inventory merchandising, lead generation, pricing insights and digital retail capabilities.

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