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

Key Points

• Samuel Zales, COO of CarGurus, sold 10,000 shares at an average price of $34.92, totaling $349,200, which decreased his ownership in the company by 2.32%.
• CarGurus reported quarterly earnings of $0.57 per share, exceeding analysts' expectations, with revenue of $234.03 million, reflecting a 7.0% year-over-year increase.
• Institutional investors collectively own around 86.90% of CarGurus' stock, with several funds increasing their positions in the company recently.

CarGurus, Inc. (NASDAQ:CARG - Get Free Report) COO Samuel Zales sold 10,000 shares of the company's stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $34.92, for a total value of $349,200.00. Following the completion of the transaction, the chief operating officer directly owned 420,259 shares of the company's stock, valued at $14,675,444.28. The trade was a 2.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, September 16th, Samuel Zales sold 10,000 shares of CarGurus stock. The shares were sold at an average price of $36.08, for a total value of $360,800.00.

CarGurus Stock Performance

Shares of CARG stock traded down $0.33 during trading hours on Friday, reaching $34.92. The company had a trading volume of 1,011,921 shares, compared to its average volume of 1,057,650. The stock has a fifty day moving average of $35.00 and a 200-day moving average of $32.36. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 1.66 and a beta of 1.52. CarGurus, Inc. has a 12-month low of $24.65 and a 12-month high of $41.33.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on CARG. JMP Securities restated a "market perform" rating and set a $38.00 price target on shares of CarGurus in a research note on Wednesday, July 2nd. Citigroup dropped their target price on CarGurus from $40.00 to $37.00 and set a "neutral" rating on the stock in a report on Thursday, July 3rd. Citizens Jmp lowered CarGurus from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 2nd. Oppenheimer lowered their price target on CarGurus from $42.00 to $40.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Finally, Zacks Research raised CarGurus from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $39.54.

Hedge Funds Weigh In On CarGurus

Several hedge funds and other institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. grew its holdings in CarGurus by 4.3% during the second quarter. QRG Capital Management Inc. now owns 8,116 shares of the company's stock valued at $272,000 after purchasing an additional 332 shares during the period. GAMMA Investing LLC grew its holdings in CarGurus by 8.7% during the third quarter. GAMMA Investing LLC now owns 4,535 shares of the company's stock valued at $169,000 after purchasing an additional 363 shares during the period. Farther Finance Advisors LLC grew its holdings in CarGurus by 71.1% during the third quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company's stock valued at $40,000 after purchasing an additional 443 shares during the period. US Bancorp DE grew its holdings in CarGurus by 14.6% during the first quarter. US Bancorp DE now owns 3,733 shares of the company's stock valued at $109,000 after purchasing an additional 475 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in CarGurus by 30.7% during the second quarter. Parkside Financial Bank & Trust now owns 2,023 shares of the company's stock valued at $68,000 after purchasing an additional 475 shares during the period. Institutional investors and hedge funds own 86.90% of the company's stock.

About CarGurus

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.

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