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Samuel Zales, the COO and President of CarGurus , Inc. (NASDAQ:CARG), a $3.27 billion market cap company with impressive 85.6% gross profit margins, sold 10,000 shares of Class A Common Stock on July 16, 2025, at a price of $33.88, in one transaction. According to InvestingPro analysis, the stock currently trades at a P/E ratio of 88.48x.
The sale amounted to $338,800. Following the transaction, Zales directly owns 461,821 shares of CarGurus, Inc.
The sale was executed under a Rule 10b5-1 trading plan.
In other recent news, CarGurus reported its first-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.46, compared to the forecasted $0.44. The company’s revenue reached $225 million, slightly below the anticipated $226.73 million. Despite the minor revenue shortfall, CarGurus demonstrated a strong performance with a 13% increase in marketplace revenue, reaching $212 million. Additionally, international revenue saw a substantial 20% year-over-year growth. Citizens JMP recently downgraded CarGurus from Market Outperform to Market Perform, expressing concerns about the company’s growth trajectory, particularly due to reliance on pricing rather than expanding its dealer base. The firm noted potential challenges from U.S. market saturation and risks associated with advancements in AI-powered search technology. Meanwhile, CarGurus launched an AI-powered search feature on its platform, enhancing the car shopping experience by allowing users to engage in personalized, conversational searches. This tool is part of CarGurus’ ongoing efforts to leverage AI and machine learning to improve the automotive market experience for consumers and dealerships alike.
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