{
  "id": 13819698,
  "title": "CarGurus CTO Quinn sells $113,266 in shares",
  "url": "https://urgent.news/2026/10/11/cargurus-cto-quinn-sells-113-266-in-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-11T22:31:20.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/cargurus-cto-quinn-sells-113266-in-shares-93CH-4942863"
  },
  "original_language": "en",
  "account": "CarGurus' Chief Technology Officer, Matthew Todd Quinn, transferred ownership of 3,824 shares of the company's stock on October 2, 2026. The sale, conducted under a pre-established trading plan, amounted to roughly $113,266, with each share exchanged for $29.62. Notably, the stock price at the time stood at $28.85, reflecting a decline of nearly 25% for the year. Prior to this sale, on October 1, Quinn set aside 9,129 shares to cover tax obligations resulting from the vesting of restricted stock units, valued at approximately $271,405. Post these transactions, Quinn's direct beneficial ownership of CarGurus Class A Common Stock is now 220,193 shares. Evaluating the stock's current valuation, InvestingPro analysts have deemed it undervalued, assigning it a financial health score of 3.19. To obtain a more in-depth analysis, investors can access CarGurus' comprehensive Pro Research Reports, which are part of the platform's extensive coverage of over 1,400 US equities. In related news, CarGurus delivered impressive second-quarter results, exceeding market expectations with non-GAAP earnings of $0.66 per share and revenue of $251 million, surpassing the analysts' estimates of $0.6132 per share and $249.85 million in revenue. The company has also adjusted its full-year profitability outlook upwards while maintaining its revenue growth projections. Notably, CarGurus experienced a 13% year-over-year revenue increase, propelled by robust demand in both domestic and international markets. The company's international revenue surged by 28% year-over-year, underscoring its expanding global presence. Moreover, CarGurus has been actively developing AI-driven products for dealers and consumers, such as PriceVantage and Guru AI, which are garnering considerable attention. In response to these developments, Needham has raised its price target for CarGurus to $44 from $43 and maintained its Buy rating, citing the company's strong second-quarter earnings and progress towards its fiscal 2026 objectives. This report was generated using AI assistance and subsequently reviewed by an editor.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "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",
        "published": "2026-10-11T22:46:04.000Z"
      }
    ]
  },
  "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."
}