CarGurus, Inc. (NASDAQ:CARG) Chief Operating Officer and President Samuel Zales disposed of Class A Common Stock valued at $346,200, according to a recent SEC filing. The transaction was dated September 15, 2026.
The filing shows Zales sold a total of 10,000 shares at a price of $34.62 per share. The sale was effected pursuant to a Rule 10b5-1 trading plan, a mechanism that allows company insiders to establish a predetermined schedule for buying or selling company stock in order to avoid accusations of insider trading.
The disclosure lands as CarGurus trades near $34.81, with the company carrying a market capitalization of $3.11 billion. According to InvestingPro analysis, the stock appears undervalued at current levels. The company maintains gross profit margins of 92% and trades at a P/E ratio of 22. For deeper insights into CarGurus' valuation and financial health, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities.
Following this transaction, Zales directly beneficially owns 455,349 shares of CarGurus Class A Common Stock.
Quarterly Results Beat Revenue Forecast
In other recent news, CarGurus reported its third-quarter 2026 financial results, surpassing Wall Street's revenue expectations. The company achieved revenue of $258 million, exceeding the forecasted $256.37 million.
Additionally, CarGurus reported non-GAAP earnings per diluted share of $0.70, marking a 17% increase compared to the previous year. This revenue growth reflects a 12% rise from the same period last year and aligns with the higher end of the company's guidance.
The positive financial performance is attributed to the stronger adoption of new dealer products. These developments have been well-received in the market, as evidenced by the stock's performance in after-hours trading.
CarGurus shares last closed at $34.81, up $0.22 or 0.64%, and were unchanged in after-hours trading at 19:30:05.
What the Filing Does and Does Not Say
The filing details the size, price and timing of the sale, along with Zales' remaining direct beneficial ownership. It does not disclose his rationale for the transaction, and the presence of a Rule 10b5-1 plan means the sale followed a schedule set in advance rather than reflecting a same-day decision. Investors weighing the signal should note that the disclosure covers only this transaction and the resulting share count.
The valuation commentary and margin and multiple figures cited above come from InvestingPro analysis, while the quarterly revenue, earnings and guidance comparisons are as reported by the company. The filing itself does not address valuation, and the quarterly release does not address insider ownership.
Key Figures at a Glance
- Shares sold: 10,000 Class A Common Stock
- Sale price: $34.62 per share
- Total value: $346,200
- Transaction date: September 15, 2026
- Remaining direct beneficial ownership: 455,349 shares
- Recent share price: $34.81
- Market capitalization: $3.11 billion
- Gross profit margin: 92%
- P/E ratio: 22
- Third-quarter 2026 revenue: $258 million versus $256.37 million forecast
- Non-GAAP earnings per diluted share: $0.70, up 17% year over year
- Revenue growth: 12% from the same period last year