Samuel Zales, Chief Operating Officer and President of CarGurus Inc., sold 10,000 shares of Class A Common Stock on September 15, 2026, at $34.62 per share, totaling $346,200. The sale occurred under a Rule 10b5-1 trading plan. Following the transaction, Zales directly owns 455,349 shares.
CarGurus trades near $34.81 with a market capitalization of $3.11 billion. The company reported third-quarter 2026 revenue of $258 million, exceeding the Wall Street forecast of $256.37 million. Non-GAAP earnings per diluted share reached $0.70, a 17% increase from the prior year. Revenue grew 12% from the same quarter last year and aligned with the higher end of the company's guidance. CarGurus carries gross profit margins of 92% and trades at a P/E ratio of 22.
CARG trades near $34.81. Investors tracking the stock should monitor quarterly revenue trends and insider trading activity as the company executes its dealer product strategy.