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

Key Points

• Samuel Zales, the COO of CarGurus, sold 10,000 shares of the company's stock for $360,800, reducing his ownership by 2.21%.
• CarGurus reported a quarterly revenue of $234.03 million, exceeding estimates, and achieved an EPS of $0.57, which was higher than the expected $0.54.
• Institutional investors hold 86.90% of CarGurus stock, with notable increases in holdings from firms like Invesco and American Century, indicating strong institutional interest.

CarGurus, Inc. (NASDAQ:CARG - Get Free Report) COO Samuel Zales sold 10,000 shares of CarGurus stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $36.08, for a total value of $360,800.00. Following the sale, the chief operating officer directly owned 441,821 shares in the company, valued at approximately $15,940,901.68. This trade represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, July 16th, Samuel Zales sold 10,000 shares of CarGurus stock. The shares were sold at an average price of $33.88, for a total value of $338,800.00.

CarGurus Price Performance

Shares of CARG traded up $0.49 on Monday, hitting $37.83. The company's stock had a trading volume of 1,793,284 shares, compared to its average volume of 1,034,015. The company has a market capitalization of $3.76 billion, a PE ratio of 22.91, a PEG ratio of 1.77 and a beta of 1.54. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $41.33. The company has a 50 day moving average price of $33.82 and a 200 day moving average price of $31.67.

CarGurus (NASDAQ:CARG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The business had revenue of $234.03 million for the quarter, compared to the consensus estimate of $232.29 million. CarGurus had a return on equity of 36.23% and a net margin of 14.12%.CarGurus's revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 EPS. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. On average, equities analysts forecast that CarGurus, Inc. will post 1.41 EPS for the current year.

Analyst Upgrades and Downgrades

CARG has been the subject of several research analyst reports. Oppenheimer dropped their price objective on shares of CarGurus from $42.00 to $40.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Needham & Company LLC upped their price objective on shares of CarGurus from $39.00 to $44.00 and gave the company a "buy" rating in a research report on Friday, August 8th. JMP Securities restated a "market perform" rating and issued a $38.00 price objective on shares of CarGurus in a research report on Wednesday, July 2nd. Gordon Haskett initiated coverage on shares of CarGurus in a research report on Monday, July 14th. They issued a "hold" rating and a $35.00 price objective for the company. Finally, Wall Street Zen cut shares of CarGurus from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 5th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, CarGurus presently has an average rating of "Hold" and a consensus target price of $38.46.

Institutional Investors Weigh In On CarGurus

Several hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers bought a new position in shares of CarGurus during the fourth quarter worth approximately $321,000. Deutsche Bank AG grew its stake in shares of CarGurus by 56.6% during the fourth quarter. Deutsche Bank AG now owns 87,510 shares of the company's stock worth $3,198,000 after buying an additional 31,636 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of CarGurus by 0.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,955 shares of the company's stock worth $2,300,000 after buying an additional 483 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of CarGurus by 42.1% during the fourth quarter. ProShare Advisors LLC now owns 26,165 shares of the company's stock worth $956,000 after buying an additional 7,758 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in shares of CarGurus during the fourth quarter worth $480,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

CarGurus Company Profile

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.