CARG
CarGurus, Inc.
NasdaqGSUSDEQUITY
Communication Services
DELAYED
Sell
-26/100
Last price
28.73
▼ 0.62 (2.11%)
MARKET · —
Price
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Tool
1D
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Open
—
Prev close
29.35
Day high
29.59
Day low
28.28
Volume
2.55M
Market cap
$2.56B
P/E (TTM)
15.28
52W range
26.39 – 41.22
Trailing performance
Returnvs SPY
1W
-7.80%
-9.7%
1M
-14.85%
-16.0%
3M
-15.97%
-20.5%
6M
-18.47%
-36.7%
YTD
-25.08%
-39.3%
1Y
-24.16%
-40.6%
3Y
+63.98%
-18.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on CARG open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+409.18K
Net buying
Buy transactions
7
511.88K shares
Sell transactions
17
102.70K shares
Net transactions
+24
Buys less sells
Sell : buy shares
0.2 : 1
Mixed
Insider-held shares
2.47M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Oct 2, 26 | SARNOFF DAFNA Officer |
SELL | 7.23K | $214.27K | Direct |
| Oct 2, 26 | QUINN MATTHEW TODD Chief Technology Officer |
SELL | 3.82K | $113.27K | Direct |
| Oct 2, 26 | ELSHAREEF ISMAIL Officer |
SELL | 2.67K | $79.17K | Direct |
| Sep 15, 26 | ZALES SAMUEL President |
SELL | 10.00K | $346.20K | Direct |
| Aug 28, 26 | ZALES SAMUEL President |
SELL | 10.00K | $365.00K | Direct |
| Aug 14, 26 | ELSHAREEF ISMAIL Officer |
SELL | 8.96K | $340.37K | Direct |
| Aug 13, 26 | SARNOFF DAFNA Officer |
SELL | 17.15K | $634.59K | Direct |
| Aug 12, 26 | SCHWARTZ GREG M. Director |
SELL | 10.00K | $360.70K | Direct |
| Aug 7, 26 | TREVISAN JASON Chief Executive Officer |
SELL | 1.10K | $45.17K | Direct |
| Aug 3, 26 | ZAMORA JAVIER ESQUIVEL General Counsel |
SELL | 6.21K | $230.08K | Direct |
| Jul 2, 26 | QUINN MATTHEW TODD Chief Technology Officer |
SELL | 3.82K | $133.96K | Direct |
| Jul 2, 26 | ZAMORA JAVIER ESQUIVEL General Counsel |
SELL | 3.53K | $127.40K | Direct |
| Jul 2, 26 | HANSON JENNIFER LADD Officer |
SELL | 567 | $19.86K | Direct |
| Jul 1, 26 | HANSON JENNIFER LADD Officer |
SELL | 2.50K | $86.36K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ELSHAREEF ISMAIL |
Officer | 127.93K | Sale |
HALLOWELL ZACHARY EMERSON |
Officer | 117.05K | Sale |
HANSON JENNIFER LADD |
Officer | 91.14K | Sale |
KAUFER STEPHEN |
Director | 331.28K | Stock Award(Grant) |
QUINN MATTHEW TODD |
Chief Technology Officer | 220.19K | Sale |
SARNOFF DAFNA |
Officer | 94.88K | Sale |
STEINERT LANGLEY |
Officer, Director and Beneficial Owner | — | Conversion of Exercise of derivative security |
TREVISAN JASON |
Chief Executive Officer | 1.08M | Sale |
ZALES SAMUEL |
President | 455.35K | Sale |
ZAMORA JAVIER ESQUIVEL |
General Counsel | 80.26K | Sale |
Fundamentals
Market cap$2.56B
Enterprise value$2.62B
Revenue (TTM)$967.27M
Gross profit$893.52M
EBITDA$272.86M
Net income$187.10M
EPS (TTM)$1.88
Free cash flow$241.32M
Total cash$122.14M
Total debt$185.14M
Book value / share$2.64
Shares outstanding75.31M
Float72.97M
Short % of float17.04%
Dividend yield0.00%
Beta (5Y)1.22
Valuation & profitability ratios
Trailing P/E15.28
Forward P/E9.49
PEG ratio0.63
Price / sales—
Price / book10.89
EV / revenue2.71
EV / EBITDA9.61
Gross margin92.38%
Operating margin25.27%
Profit margin18.19%
Return on equity53.47%
Return on assets25.02%
Debt / equity70.04
Current ratio1.85
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $906.98M | $798.04M | $698.42M | $1.66B | +13.7% |
| Operating revenue | $906.98M | $798.04M | $698.42M | $1.66B | +13.7% |
| Cost of revenue | $65.47M | $70.35M | $61.81M | $997.48M | -6.9% |
| Gross profit | $841.51M | $727.70M | $636.61M | $657.55M | +15.6% |
| Research & development | $138.28M | $139.01M | $136.76M | $123.77M | -0.5% |
| Selling, general & admin | $442.29M | $410.66M | $372.79M | $409.82M | +7.7% |
| Total operating expense | $596.57M | $558.79M | $516.28M | $549.08M | +6.8% |
| Operating income | $244.94M | $168.90M | $120.33M | $108.48M | +45.0% |
| Net interest income | $9.15M | $12.20M | $18.44M | $3.85M | -25.0% |
| Pre-tax income | $252.83M | $168.39M | $139.13M | $111.36M | +50.2% |
| Tax provision | $56.09M | $39.65M | $46.69M | $32.41M | +41.5% |
| Net income | $155.90M | $20.97M | $36.94M | $84.39M | +643.4% |
| Net income to common | $155.90M | $20.97M | $31.10M | $193.78M | +643.4% |
| Basic EPS | 3.57 | 0.20 | 0.27 | 1.64 | +1,685.0% |
| Diluted EPS | 3.51 | 0.20 | 0.19 | 0.62 | +1,655.0% |
| EBIT | $244.94M | $168.90M | $120.33M | $108.48M | +45.0% |
| EBITDA | $273.29M | $194.26M | $168.80M | $153.81M | +40.7% |
| Basic shares | 98.84M | 104.54M | 113.24M | 118.47M | -5.5% |
| Diluted shares | 100.41M | 106.26M | 114.19M | 128.15M | -5.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $190.52M | $304.19M | $291.36M | $469.52M | — | -37.4% |
| Cash & short-term investments | $190.52M | $304.19M | $312.09M | $469.52M | — | -37.4% |
| Accounts receivable | $41.94M | $38.28M | $39.96M | $46.82M | — | +9.5% |
| Inventory | — | $338.00K | $331.00K | $5.28M | $19.66M | — |
| Total current assets | $282.95M | $391.21M | $391.19M | $557.37M | — | -27.7% |
| Property, plant & equipment | $248.43M | $245.88M | $253.05M | $97.00M | — | +1.0% |
| Goodwill & intangibles | $31.65M | $30.62M | $180.95M | $210.52M | — | +3.4% |
| Total assets | $661.90M | $824.54M | $918.93M | $927.10M | — | -19.7% |
| Total current liabilities | $100.54M | $93.05M | $115.18M | $98.73M | — | +8.0% |
| Total debt | $190.83M | $192.74M | $194.39M | $66.42M | — | -1.0% |
| Total liabilities | $287.70M | $282.85M | $302.07M | $155.74M | — | +1.7% |
| Retained earnings | $362.38M | $375.12M | $354.15M | $323.04M | — | -3.4% |
| Shareholder equity | $374.20M | $541.69M | $616.85M | $734.61M | — | -30.9% |
| Working capital | $182.41M | $298.15M | $276.01M | $458.63M | — | -38.8% |
| Net tangible assets | $342.55M | $511.07M | $435.90M | $524.09M | — | -33.0% |
| Shares issued | 94.88M | 103.99M | 108.17M | 117.64M | — | -8.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $155.90M | $20.97M | $22.05M | $78.95M | +643.4% |
| Depreciation & amortisation | $28.35M | $25.36M | $48.47M | $45.33M | +11.8% |
| Stock-based compensation | $50.44M | $62.27M | $63.74M | $54.78M | -19.0% |
| Change in working capital | -$16.68M | $19.11M | $15.89M | $85.86M | -187.3% |
| Operating cash flow | $295.28M | $255.49M | $124.53M | $256.11M | +15.6% |
| Capital expenditure | -$29.32M | -$93.95M | -$41.21M | -$17.27M | +68.8% |
| Investing cash flow | -$29.32M | -$72.97M | -$61.56M | $72.73M | +59.8% |
| Share buybacks | -$351.93M | -$146.18M | -$208.52M | -$14.43M | -140.8% |
| Financing cash flow | -$383.76M | -$168.63M | -$253.64M | -$92.62M | -127.6% |
| Free cash flow | $265.96M | $161.54M | $83.32M | $238.84M | +64.6% |
| End cash position | $190.52M | $306.23M | $293.93M | $484.13M | -37.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $250.97M | $243.56M | $209.09M | $238.70M | $222.00M | +3.0% |
| Operating revenue | $250.97M | $243.56M | $209.09M | $238.70M | $222.00M | +3.0% |
| Cost of revenue | $19.87M | $18.93M | -$14.80M | $25.16M | $15.68M | +5.0% |
| Gross profit | $231.10M | $224.62M | $223.89M | $213.53M | $206.32M | +2.9% |
| Research & development | $38.14M | $37.67M | $31.35M | $36.32M | $33.73M | +1.2% |
| Selling, general & admin | $125.84M | $123.97M | $99.57M | $117.83M | $107.85M | +1.5% |
| Total operating expense | $167.67M | $165.34M | $133.85M | $158.86M | $145.27M | +1.4% |
| Operating income | $63.43M | $59.28M | $90.04M | $54.67M | $61.05M | +7.0% |
| Net interest income | $956.00K | $1.67M | $1.63M | $2.29M | $2.13M | -42.8% |
| Pre-tax income | $63.49M | $41.14M | $120.31M | $56.57M | $63.11M | +54.3% |
| Tax provision | $14.30M | $8.92M | $29.67M | $11.85M | $14.12M | +60.4% |
| Net income | $49.19M | $32.23M | $49.80M | $44.72M | $22.34M | +52.6% |
| Net income to common | $49.19M | $32.23M | $49.80M | $44.72M | $22.34M | +52.6% |
| Basic EPS | 0.55 | 0.34 | 1.08 | 0.46 | 0.23 | +61.8% |
| Diluted EPS | 0.54 | 0.34 | 1.07 | 0.45 | 0.22 | +58.8% |
| EBIT | $63.43M | $59.28M | $90.04M | $54.67M | $61.05M | +7.0% |
| EBITDA | $71.36M | $66.45M | $97.79M | $62.03M | $67.73M | +7.4% |
| Basic shares | 90.13M | 94.06M | 95.29M | 98.17M | 98.89M | -4.2% |
| Diluted shares | 91.08M | 95.10M | 96.76M | 99.72M | 100.18M | -4.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $122.14M | $72.05M | $190.52M | $178.83M | $231.23M | — | +69.5% |
| Cash & short-term investments | $122.14M | $72.05M | $190.52M | $178.83M | $231.23M | — | +69.5% |
| Accounts receivable | $43.74M | $44.57M | $41.94M | $39.61M | $41.03M | — | -1.8% |
| Inventory | — | — | — | $0 | $963.00K | $810.00K | — |
| Total current assets | $202.59M | $161.87M | $282.95M | $269.39M | $308.97M | — | +25.2% |
| Property, plant & equipment | $227.51M | $228.77M | $248.43M | $249.60M | $247.75M | — | -0.6% |
| Goodwill & intangibles | $30.67M | $31.02M | $31.65M | $31.90M | $32.67M | — | -1.1% |
| Total assets | $555.13M | $519.61M | $661.90M | $660.47M | $726.12M | — | +6.8% |
| Total current liabilities | $109.52M | $97.95M | $100.54M | $93.86M | $97.20M | — | +11.8% |
| Total debt | $185.14M | $188.00M | $190.83M | $193.26M | $195.21M | — | -1.5% |
| Total liabilities | $290.77M | $282.49M | $287.70M | $285.02M | $290.64M | — | +2.9% |
| Retained earnings | $257.38M | $229.81M | $362.38M | $367.19M | $418.64M | — | +12.0% |
| Shareholder equity | $264.36M | $237.13M | $374.20M | $375.45M | $435.48M | — | +11.5% |
| Working capital | $93.07M | $63.92M | $182.41M | $175.53M | $211.77M | — | +45.6% |
| Net tangible assets | $233.68M | $206.11M | $342.55M | $343.55M | $402.80M | — | +13.4% |
| Shares issued | 89.33M | 89.89M | 94.88M | 96.13M | 98.96M | — | -0.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $49.19M | $32.23M | $49.80M | $44.72M | $22.34M | +52.6% |
| Depreciation & amortisation | $7.93M | $7.17M | $7.75M | $7.36M | $6.68M | +10.6% |
| Stock-based compensation | $13.36M | $13.27M | $11.89M | $12.63M | $13.03M | +0.6% |
| Change in working capital | $14.26M | -$9.48M | -$3.20M | -$25.97M | $3.92M | +250.4% |
| Operating cash flow | $94.59M | $69.85M | $83.12M | $71.17M | $73.12M | +35.4% |
| Capital expenditure | -$6.91M | -$6.69M | -$6.68M | -$7.16M | -$7.84M | -3.3% |
| Investing cash flow | -$6.91M | -$6.69M | -$6.68M | -$7.16M | -$7.84M | -3.3% |
| Share buybacks | -$27.70M | -$174.44M | -$57.04M | -$110.28M | -$1.78M | +84.1% |
| Financing cash flow | -$37.36M | -$181.01M | -$64.78M | -$118.45M | -$9.06M | +79.4% |
| Free cash flow | $87.68M | $63.16M | $76.43M | $64.01M | $65.27M | +38.8% |
| End cash position | $122.14M | $72.05M | $190.52M | $178.85M | $233.35M | +69.5% |
Options analytics
Put / call volume
1.75
Put-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
26.00
-9.5% from spot
ATM implied vol
1.6%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
28
Contracts, this expiry
Put volume
49
Contracts, this expiry
Heaviest call OI
26.00
0 contracts
Heaviest put OI
26.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.61 | 0.66 | +7.6% |
| Mar 2026 | 0.57 | 0.58 | +1.8% |
| Dec 2025 | 0.63 | 0.63 | -0.4% |
| Sep 2025 | 0.55 | 0.57 | +3.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.66 | 11 | $256.39M | +7.4% |
| Next quarter | 0.73 | 11 | $263.50M | +9.3% |
| Current year | 2.62 | 11 | $1.01B | +8.0% |
| Next year | 3.03 | 10 | $1.11B | +9.1% |
Analyst targets & ownership
Mean target$41.73
High target$46.00
Low target$38.00
Implied upside45.24%
Analyst count11
ConsensusBUY
Strong buy / Buy3 / 6
Hold4
Sell / Strong sell0 / 0
Held by insiders2.77%
Held by institutions109.11%
Institutions holding514
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
30.38
-5.44% from price
SMA 20
32.04
-10.32% from price
SMA 50
34.59
-16.94% from price
SMA 100
32.91
-12.70% from price
SMA 200
33.54
-14.34% from price
EMA 12
30.74
-6.54% from price
EMA 26
32.20
-10.77% from price
EMA 50
33.19
-13.44% from price
RSI (14)
27.3
Oversold
MACD (12,26,9)
-1.46
Hist -0.26
ATR (14)
1.30
4.53% of price
Realised vol 30D
30.6%
Annualised
Bollinger upper
35.82
20, 2σ
Bollinger lower
28.25
20, 2σ
50 / 200 cross
Golden
34.59 vs 33.54
Trend bias
Below 200
-14.34%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.53
Less volatile than market
Correlation to SPY
0.17
Largely independent
Realised vol 30D
30.6%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-30.9%
Peak to trough
Max drawdown 5Y
-75.4%
Peak to trough
ATR 14
1.30
4.53% of price
Beta (reported)
1.22
5Y monthly, from filing
Short interest
Shares short
7.23M
Prior 5.59M
Change vs prior
+29.3%
Shorts adding
% of float
17.04%
Elevated
% of shares out
8.11%
Against total outstanding
Days to cover
8.9
Crowded exit
Float
72.97M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 6, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Aug 14, 26 | Citigroup | MAINTAINED | Neutral | Neutral |
| Aug 12, 26 | Oppenheimer | MAINTAINED | Outperform | Outperform |
| Aug 10, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Aug 7, 26 | UBS | MAINTAINED | Neutral | Neutral |
| Aug 7, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Aug 7, 26 | Needham | MAINTAINED | Buy | Buy |
| Aug 7, 26 | BTIG | MAINTAINED | Buy | Buy |
| Jul 22, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Jun 12, 26 | Freedom Broker | INITIATED | — | Buy |
| May 28, 26 | Barclays | INITIATED | — | Overweight |
| May 11, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-03
Corporate Changes & Voting Matters
8-K · 2026-08-06
Corporate Changes & Voting Matters
8-K · 2026-06-04
Corporate Changes & Voting Matters
8-K · 2026-05-07
Annual Report to Shareholders
ARS · 2026-04-22
Periodic Financial Reports
10-K · 2026-02-19
Corporate Changes & Voting Matters
8-K · 2025-11-06
Corporate Changes & Voting Matters
8-K · 2025-08-07
Headlines
Does VINMax’s AI Inventory Boost Change The Bull Case For CarGurus’ Dealer Model (CARG)?
Simply Wall St. · 5d ago
VINMax, CarGurus’ Newest Innovation, Shortens Turn Times by Over a Week¹
GlobeNewswire · 8d ago
1 Value Stock to Target This Week and 2 That Underwhelm
StockStory · 8d ago
CarGurus Chief Operating Officer Sells 10,000 Shares for $346,200
Motley Fool · 11d ago
Etsy, CarGurus, Cars.com, and EverQuote Shares Are Falling, What You Need To Know
StockStory · 14d ago
Cars.com, Booking, EverQuote, Expedia, and CarGurus Stocks Trade Down, What You Need To Know
StockStory · 15d ago
3 Internet Stocks with Competitive Advantages
StockStory · 16d ago
Cargurus Insider Sold Shares Worth $346,200, According to a Recent SEC Filing
MT Newswires · 20d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.