{
  "id": 13819693,
  "title": "CarGurus CMO Dafna Sarnoff sells $214,271 of Class A shares",
  "url": "https://urgent.news/2026/10/11/cargurus-cmo-dafna-sarnoff-sells-214-271-of-class-a-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-11T22:46:04.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/cargurus-cmo-dafna-sarnoff-sells-214271-of-class-a-shares-93CH-4942875"
  },
  "original_language": "en",
  "account": null,
  "summary": "CarGurus' Chief Marketing Officer, Dafna Sarnoff, sold 7,234 shares of the company's Class A Common Stock for a total of $214,271 on October 2, 2026, at $29.62 per share. This sale, executed under a Rule 10b5-1 trading plan, occurred as the stock price was trading at $28.85, down nearly 4% over the past week and 25% year-to-date. Despite the recent decline, InvestingPro analysis suggests that the stock is undervalued, with a Fair Value estimate indicating significant upside potential. Notably, Sarnoff also sold 7,550 additional shares on October 1, 2026, valued at $224,461, which were withheld for tax purposes upon the vesting of restricted stock units. Following these transactions, Sarnoff directly holds 94,884 shares of CarGurus Class A Common Stock. Meanwhile, CarGurus reported better-than-expected financial results for Q2 2026, with non-GAAP earnings of $0.66 per share on revenue of $251 million, surpassing expectations. The company raised its full-year profitability outlook while keeping revenue growth guidance unchanged, and raised its price target for the stock to $44, maintaining a Buy rating. The company is also expanding into new markets with innovative products, such as AI-based dealer and consumer offerings, reflecting its ongoing efforts to innovate in the automotive market.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "CarGurus CTO Quinn sells $113,266 in shares",
        "url": "https://urgent.news/2026/10/11/cargurus-cto-quinn-sells-113-266-in-shares",
        "published": "2026-10-11T22:31:20.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}