Javier Zamora Sells Shares of CarGurus, Inc.

Javier Zamora, the General Counsel and Secretary of CarGurus, Inc., sold 3,532 shares of the company on June 26, 2026. This transaction was part of a pre-planned arrangement and took place at an average price of $32.63 per share, totaling approximately $115,252.69. The sale was reported under a Rule 10b5-1 trading plan, which allows insiders to sell shares at predetermined times to avoid any allegations of insider trading.

Insider Buying and Selling at CarGurus, Inc.

Aside from Javier Zamora's planned sale, other insiders at CarGurus have also been active. On June 9, 2026, Langley Steinert, Executive Chair, executed both a purchase and sale of 452,637 shares. Earlier, on June 3, 2026, Steven Conine, Stephen Kaufer, and Lori Hickok each bought 7,339 shares, although these transactions were not planned.

Other Institutional Activity in CarGurus

Institutional investors have been adjusting their positions in CarGurus as well. BlackRock, Inc. reduced its holdings by 118,279 shares, bringing its total to 12,012,595 shares valued at about $409 million. Wellington Management Group LLP also cut its stake significantly, shedding 2,028,406 shares to hold 5,945,970 shares worth around $202 million. In contrast, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions with 4,634,701 and 3,497,076 shares respectively. State Street Corp increased its holdings slightly by 37,916 shares, totaling 3,094,522 shares valued at approximately $105 million. Prevatt Capital Ltd boosted its position by 275,000 shares, ending with 2,475,000 shares worth about $84 million.

CarGurus, Inc. Stock Down 7.0%

On Tuesday, shares of CarGurus, traded on the NasdaqGS under the ticker CARG, were near $34.00. The company has a market capitalization of roughly $2.98 billion, with a P/E ratio of 17.38 and a forward P/E of 11.33. CarGurus' beta is 1.208, indicating a moderate level of volatility. The stock's 52-week range is between $26.39 and $39.42, with a 50-day moving average of $31.90 and a 200-day moving average of $33.99. The company's current ratio stands at 1.653, and its quick ratio is 1.191, reflecting its liquidity position.

Analysts Set New Price Targets

Analysts have been active in setting new price targets for CarGurus. On June 12, 2026, Freedom Broker initiated coverage with a buy rating and a $40.00 target. Barclays also initiated a buy rating with a $35.00 target on May 28, 2026. RBC Capital maintained its buy rating with a $35.00 target on May 11, 2026. The consensus among 13 analysts is a buy recommendation, with a mean price target of $37.38.

About CarGurus

CarGurus, Inc. operates an online platform for buying and selling vehicles, connecting car shoppers with dealers in the U.S. and internationally. The company's services include dealer subscriptions, advertising, and partnerships with finance services. Based in Boston, Massachusetts, CarGurus offers features like Digital Deal for online purchases, Dealership Mode for in-person support, and various tools for dealers like IMV Scan and PriceVantage. Founded in 2005, the company is led by CEO Jason M. Trevisan and employs about 1,218 people.

Bottom Line

Javier Zamora's recent stock sale at CarGurus is part of a planned strategy, highlighting insider confidence in the company's operations. Institutional investors have been both trimming and expanding their positions, reflecting varied perspectives on CarGurus' future prospects. Analysts maintain a positive outlook with a consensus buy rating, suggesting continued interest in the company's growth potential. As always, these insider and institutional activities are backward-looking and may not reflect current positions.