CarGurus CEO Jason Trevisan sells $45,166 in Class A common stock

Jason Trevisan, CEO of CarGurus, sold 1,100 shares of the company's Class A stock on August 7, 2026. The transactions were worth $45,166 and took place at prices between $41.00 and $41.13 per share, with a weighted average price of $41.06. The sale was made in line with a pre-approved trading plan. The transaction occurred close to CarGurus' 52-week high of $41.22, following a 37% increase over the past six months.

InvestingPro analysis suggests CarGurus is currently undervalued, trading below its Fair Value. The company boasts impressive financial health, including a 92% gross profit margin. Post-sale, Trevisan directly holds 674,762 shares, with additional indirect ownership through multiple trusts. CarGurus reported strong Q2 2026 earnings, beating expectations with non-GAAP earnings of $0.66 per share on $251 million in revenue.

The company's revenue grew 13% year-over-year, fueled by demand in both domestic and international markets. CarGurus updated its full-year profitability expectations higher, while maintaining revenue growth guidance. Needham upgraded its price target for CarGurus to $44, maintaining a Buy rating. New AI-driven products, such as PriceVantage and Guru AI, are generating significant interest.

International revenue increased by 28% year-over-year, underscoring the importance of overseas markets for CarGurus' growth prospects.