CarGurus (NASDAQ:CARG) Stock: Insider Ismail Elshareef Sells 2,673 Shares

Key Points

• Insider sale: Ismail Elshareef sold 2,673 CarGurus shares for approximately $79,174 under a pre-arranged Rule 10b5-1 plan, reducing his position by 2.05%.
• Stock performance: CarGurus shares recently traded at $29.35, near the lower end of their 52-week range, with a $2.61 billion market capitalization.
• Business and outlook: The company exceeded quarterly earnings and revenue expectations, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $40.75.

CarGurus, Inc. (NASDAQ:CARG - Get Free Report) insider Ismail Elshareef sold 2,673 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $29.62, for a total transaction of $79,174.26. Following the completion of the sale, the insider owned 127,933 shares of the company's stock, valued at approximately $3,789,375.46. The trade was a 2.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Stock Performance

Shares of NASDAQ CARG traded down $0.67 during mid-day trading on Monday, reaching $29.35. The company had a trading volume of 2,138,602 shares, compared to its average volume of 1,247,572. CarGurus, Inc. has a twelve month low of $26.39 and a twelve month high of $41.22. The stock's 50 day moving average is $34.80 and its 200-day moving average is $33.61. The stock has a market capitalization of $2.61 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.07 and a beta of 1.22.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on CARG shares. BTIG Research lifted their target price on shares of CarGurus from $40.00 to $41.00 and gave the company a "buy" rating in a research note on Friday, August 7th. UBS Group raised their price target on shares of CarGurus from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Wall Street Zen lowered shares of CarGurus from a "buy" rating to a "hold" rating in a research note on Saturday. Citigroup upped their price objective on shares of CarGurus from $32.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday, August 14th. Finally, Needham & Company LLC increased their target price on shares of CarGurus from $43.00 to $44.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.75.

Institutional Investors Weigh In On CarGurus

A number of large investors have recently added to or reduced their stakes in the stock. Prevatt Capital Ltd raised its position in shares of CarGurus by 12.5% in the first quarter. Prevatt Capital Ltd now owns 2,475,000 shares of the company's stock valued at $84,274,000 after purchasing an additional 275,000 shares during the period. Geode Capital Management LLC boosted its holdings in shares of CarGurus by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,101,437 shares of the company's stock worth $80,602,000 after buying an additional 24,910 shares during the period. Alta Fox Capital Management LLC grew its stake in CarGurus by 15.9% in the 4th quarter. Alta Fox Capital Management LLC now owns 1,273,544 shares of the company's stock valued at $48,840,000 after buying an additional 174,844 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in CarGurus by 8.5% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,110,231 shares of the company's stock valued at $37,803,000 after buying an additional 86,600 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in CarGurus by 18.2% in the 1st quarter. Bessemer Group Inc. now owns 1,085,061 shares of the company's stock worth $36,945,000 after acquiring an additional 166,954 shares during the period. Institutional investors own 86.90% of the company's stock.

CarGurus Company Profile

CarGurus, Inc is a digital automotive marketplace that connects consumers with dealerships and private sellers offering new and used vehicles. Its platform enables shoppers to search vehicle listings, compare prices and features, review dealership information, and evaluate vehicle deals using data-driven tools. CarGurus generates revenue primarily by providing automotive dealers with listing, advertising, and other digital marketing services.

The company also offers products designed to help dealers attract shoppers, manage vehicle listings, and support the online and in-person vehicle-buying process.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.