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

Key Points

• CarGurus COO Samuel Zales sold 10,000 shares at an average price of $30.31, generating $303,100. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 429,735 shares.
• CarGurus shares closed at $30.28, near the lower end of their 12-month range, while the company’s latest quarterly results exceeded expectations with $0.66 in EPS and $250.97 million in revenue.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $39.95, although recent ratings included both upgrades and a downgrade to “Hold.” Institutional investors own approximately 86.9% of the company.

CarGurus, Inc. (NASDAQ:CARG - Get Free Report) COO Samuel Zales sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $30.31, for a total value of $303,100.00. Following the sale, the chief operating officer owned 429,735 shares in the company, valued at approximately $13,025,267.85. This trade represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Tuesday, September 15th, Samuel Zales sold 10,000 shares of CarGurus stock. The shares were sold at an average price of $34.62, for a total value of $346,200.00.
• 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 Trading Down 0.1%

Shares of NASDAQ CARG traded down $0.02 during trading hours on Friday, hitting $30.28. 1,009,238 shares of the company traded hands, compared to its average volume of 1,274,082. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.07 and a beta of 1.22. The company's 50 day moving average price is $33.51 and its 200 day moving average price is $33.28. CarGurus, Inc. has a 12 month low of $26.39 and a 12 month high of $41.22.

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

Institutional Investors Weigh In On CarGurus

Several large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new position in CarGurus during the second quarter valued at approximately $43,000. Farther Finance Advisors LLC lifted its holdings in CarGurus by 107.5% during the third quarter. Farther Finance Advisors LLC now owns 1,531 shares of the company's stock worth $48,000 after buying an additional 793 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in CarGurus by 356.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company's stock worth $83,000 after buying an additional 1,697 shares during the period. Versant Capital Management Inc boosted its position in CarGurus by 20.2% during the 3rd quarter. Versant Capital Management Inc now owns 2,325 shares of the company's stock valued at $72,000 after acquiring an additional 391 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in CarGurus by 28.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,778 shares of the company's stock valued at $129,000 after acquiring an additional 834 shares in the last quarter. Institutional investors own 86.90% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CARG. Oppenheimer increased their price objective on shares of CarGurus from $38.00 to $44.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. B. Riley Financial reissued a "buy" rating on shares of CarGurus in a research note on Friday, August 7th. Wall Street Zen lowered CarGurus from a "buy" rating to a "hold" rating in a research report on Saturday, October 3rd. Royal Bank Of Canada upped their target price on CarGurus from $35.00 to $42.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Finally, UBS Group decreased their price target on CarGurus from $40.00 to $35.00 and set a "neutral" rating for the company in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $39.95.

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.

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