Jason Trevisan Sells 8,452 Shares of CarGurus (NASDAQ:CARG) Stock

by · The Cerbat Gem

CarGurus, Inc. (NASDAQ:CARG – Get Free Report) CEO Jason Trevisan sold 8,452 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $39.04, for a total value of $329,966.08. Following the sale, the chief executive officer directly owned 647,031 shares in the company, valued at approximately $25,260,090.24. This represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Jason Trevisan also recently made the following trade(s):

  • On Tuesday, December 23rd, Jason Trevisan sold 16,548 shares of CarGurus stock. The stock was sold at an average price of $39.02, for a total value of $645,702.96.
  • On Tuesday, December 9th, Jason Trevisan sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $37.00, for a total value of $740,000.00.

CarGurus Stock Down 0.2%

CARG stock traded down $0.06 during midday trading on Monday, hitting $38.58. The company’s stock had a trading volume of 397,632 shares, compared to its average volume of 1,025,065. CarGurus, Inc. has a 12 month low of $24.65 and a 12 month high of $41.33. The company has a 50 day moving average of $36.09 and a two-hundred day moving average of $34.79. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 1.79 and a beta of 1.42.

CarGurus (NASDAQ:CARG – Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. CarGurus had a net margin of 16.41% and a return on equity of 41.31%. The firm had revenue of $238.70 million for the quarter, compared to analysts’ expectations of $234.57 million. During the same quarter last year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. On average, analysts anticipate that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

CARG has been the topic of several research reports. DA Davidson set a $37.50 target price on CarGurus in a report on Monday, November 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of CarGurus in a report on Monday, December 22nd. Citigroup boosted their price target on shares of CarGurus from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. BTIG Research reissued a “buy” rating and issued a $39.00 price objective on shares of CarGurus in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of CarGurus from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, CarGurus presently has an average rating of “Hold” and a consensus price target of $40.41.

View Our Latest Report on CARG

Hedge Funds Weigh In On CarGurus

A number of large investors have recently bought and sold shares of CARG. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in CarGurus in the second quarter worth $27,000. Private Wealth Asset Management LLC bought a new position in shares of CarGurus in the second quarter worth about $29,000. MAI Capital Management increased its stake in CarGurus by 661.0% in the 2nd quarter. MAI Capital Management now owns 1,172 shares of the company’s stock worth $39,000 after buying an additional 1,018 shares during the period. Farther Finance Advisors LLC lifted its holdings in CarGurus by 71.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock valued at $40,000 after buying an additional 443 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in CarGurus in the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

About CarGurus

(Get Free Report)

CarGurus, Inc operates an online automotive marketplace designed to connect buyers and sellers of new and used vehicles. Through its proprietary search engine and data-driven pricing tools, the platform enables consumers to compare listings, assess fair market values and locate local dealers offering competitive deals. CarGurus also provides detailed vehicle history reports, dealer reviews and financing options to streamline the car-shopping process for both private parties and franchised dealerships.

The company’s core product offerings include Instant Market Value (IMV), which leverages pricing algorithms to help buyers identify over- or under-priced vehicles, as well as dealer subscription services that grant automotive retailers access to lead generation tools, targeted advertising and dynamic pricing insights.

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