CarGurus (CARG) COO Samuel Zales Sells $303K of Stock
CarGurus, Inc. COO and President Samuel Zales sold 10,000 shares on October 15, 2026, for about $303,100, according to a Form 4 filing.
Reviewed by automated data checks against the source filing. How we make and check alerts
Samuel Zales, COO and President at CarGurus, Inc. ($CARG), sold 10,000 shares at an average price of $30.31, worth about $303,100, on October 15, 2026. The trade was reported to the SEC in a Form 4 filing and was made under a pre-arranged Rule 10b5-1 trading plan.
Since the trade, $CARG is down 0.1% to date (from the $30.30 close on Oct 15, 2026).
CARG
CarGurus, Inc.
Key Points
- CarGurus, Inc. COO and President Samuel Zales sold 10,000 shares on October 15, 2026, at an average price of $30.31, reducing his holdings by 2.27% to 429,735 shares.
- The transaction was carried out under a pre-arranged Rule 10b5-1 trading plan and follows an earlier sale of 10,000 shares by Zales on September 15, 2026.
- Wall Street firms adjusted their views on the stock recently, with UBS maintaining a neutral rating and a $35 target on October 7, 2026.
Get $CARG trade alerts by text
We text you when insiders, Congress or big funds trade $CARG. Free.
Not investment advice. EarningsIQ is not a registered investment adviser, and this automated CarGurus, Inc. alert may contain errors. Disclosures
CarGurus, Inc. COO and President Samuel Zales sold 10,000 shares of the company on October 15, 2026. The transaction was revealed in a Form 4 filing with the Securities and Exchange Commission.
Inside Samuel Zales's CARG Trade
Zales executed the sale at a price of $30.31 per share, bringing the total value of the transaction to $303,100. This pre-planned sale, carried out under a Rule 10b5-1 trading plan, cut his direct holdings by about 2.3% or 10,000 shares. Following the transaction, Zales directly owns 429,735 shares of the company. This follows an earlier sale by Zales on September 15, 2026, when he parted with 10,000 shares at $34.62 apiece.
Other Institutional Activity in CarGurus
Manufacturers Life Insurance Co. grew its holdings by 1,413,807 shares, ending with 3,110,647 shares worth about $94,190,393. Prevatt Capital Ltd lifted its stake by 99,990 shares, finishing with 2,575,000 shares valued at roughly $77,971,001. Orbis Allan Gray Ltd added 74,196 shares for a 3.2% increase, bringing its total to 2,407,398 shares worth about $72,896,013. Congress Asset Management Co boosted its position by 149,407 shares to hold 2,125,686 shares valued at approximately $64,365,773.
CarGurus, Inc. Stock Down 0.6%
CarGurus shares recently traded around $30.12 as of October 17, 2026, sitting roughly 0.6% below the $30.30 close recorded on the day of the COO's trade. The stock has faced downward pressure, trading below both its 50-day moving average of $33.57 and its 200-day moving average of $33.21. Shares currently sit about 26.9% below their 52-week high of $41.22 and roughly 14.1% above their 52-week low of $26.39.
Recent Earnings
CarGurus reported $967.27 million in trailing-twelve-month revenue alongside trailing earnings per share of $1.88. The company posted a net margin of 18.2% and a return on equity of 53.5%. Its next earnings update is scheduled for November 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
2 target raises vs 2 cuts.
-
EPS & revenue
EPS met estimates. Revenue missed estimates by 1.8%.
-
Profit surprise
EBITDA missed by 9 percent. Operating income missed by 16 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
2 target raises, 2 target cuts.
-
Earnings quality
Gross margin up 3.5 points. Operating margin up 4.0 points. Positive free cash flow.
Earnings Call Summary
CarGurus delivered fifteen percent revenue growth to $244 million in the first quarter, driven by dealer platform expansion and consumer engagement across their online marketplace. They launched several new artificial intelligence products for dealers including PriceVantage for inventory pricing and Shopper Signals for lead conversion, while also integrating their service into ChatGPT for consumer discovery. International markets performed strongly with thirty nine percent year over year growth, and the company remains disciplined on capital allocation, repurchasing $175 million in shares while maintaining investments in innovation.
Guidance CarGurus expects second quarter revenue between $247 million and $252 million, up eleven to fourteen percent year over year. For full year 2026 they reaffirmed revenue growth of ten to thirteen percent. They also expect adjusted EBITDA margins to compress about one point five to two point five percentage points due to investment in product development and artificial intelligence.
Negative report. Results or guidance disappointed and expectations are likely to move lower.
Insider Buying and Selling at CarGurus, Inc.
Aside from Zales's October trade, several other executives trimmed their positions earlier in the month. On October 2, 2026, officer Dafna Sarnoff sold 7,234 shares at $29.62 each for a total of $214,271. Chief Technology Officer Matthew Todd Quinn sold 3,824 shares on the same day at $29.62 per share, totaling $113,267. Officer Ismail Elshareef also sold 2,673 shares on October 2, 2026, at $29.62 apiece for $79,174.
Analysts Set New Price Targets
Wall Street firms updated their outlooks on the stock ahead of upcoming results. Barclays maintained an overweight rating on October 6, 2026, adjusting its target to $38 from $41. UBS maintained a neutral rating on October 7, 2026, lowering its price target to $35 from $40. Earlier analyst moves in August included Barclays keeping an overweight rating with a $41 target, Oppenheimer holding an outperform rating while raising its target to $44, and Citigroup maintaining a neutral rating with a target of $39. Overall, the stock carries a consensus buy recommendation from 11 analysts with a mean price target of $41.27.
About CarGurus
CarGurus runs an online automotive marketplace that connects car shoppers with an extensive network of dealerships. The platform generates revenue through dealer subscription fees, advertising from auto manufacturers, and partnerships with vehicle financing companies.
Bottom Line
The insider sale by Zales gives investors a look at executive transactions as the company heads toward its next financial results on November 5, 2026. Market watchers will keep an eye on upcoming institutional filings and earnings to gauge whether demand for the company's online automotive platform remains steady.
Related Filing Alerts
Source: Samuel Zales's Form 4 filing on $CARG (Oct 15, 2026). Read the original filing: Form 4 filing on SEC EDGAR. Written by software, not financial advice. How we make alerts