CarGurus, Inc. $CARG Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in CarGurus, Inc. (NASDAQ:CARG) by 334.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,024 shares of the company’s stock after acquiring an additional 18,490 shares during the period. SG Americas Securities LLC’s holdings in CarGurus were worth $894,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. KLP Kapitalforvaltning AS boosted its holdings in CarGurus by 2.9% in the third quarter. KLP Kapitalforvaltning AS now owns 28,100 shares of the company’s stock valued at $1,046,000 after purchasing an additional 800 shares during the period. GAM Holding AG purchased a new stake in CarGurus during the 3rd quarter worth about $1,878,000. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in CarGurus by 5.4% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 78,728 shares of the company’s stock valued at $2,931,000 after purchasing an additional 4,000 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of CarGurus by 10.2% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,104,847 shares of the company’s stock valued at $41,133,000 after buying an additional 102,151 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of CarGurus by 19.9% in the 3rd quarter. Blue Trust Inc. now owns 4,376 shares of the company’s stock valued at $163,000 after buying an additional 725 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Insider Transactions at CarGurus

In other news, insider Ismail Elshareef sold 1,228 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $34.98, for a total transaction of $42,955.44. Following the transaction, the insider directly owned 95,907 shares in the company, valued at approximately $3,354,826.86. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jennifer Ladd Hanson sold 2,358 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $38.10, for a total transaction of $89,839.80. Following the completion of the sale, the insider owned 50,466 shares of the company’s stock, valued at approximately $1,922,754.60. This trade represents a 4.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 58,586 shares of company stock worth $2,198,264. 17.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CARG. Zacks Research lowered shares of CarGurus from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. DA Davidson set a $37.50 price target on shares of CarGurus in a research note on Monday, November 17th. UBS Group increased their price objective on shares of CarGurus from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Wall Street Zen lowered shares of CarGurus from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Finally, Jefferies Financial Group boosted their target price on shares of CarGurus from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $40.86.

CarGurus Price Performance

NASDAQ CARG opened at $34.17 on Tuesday. The firm’s fifty day moving average price is $36.79 and its 200 day moving average price is $35.33. CarGurus, Inc. has a 12 month low of $24.65 and a 12 month high of $41.33. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 1.39 and a beta of 1.36.

CarGurus (NASDAQ:CARG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. The company had revenue of $238.70 million during the quarter, compared to the consensus estimate of $234.57 million. CarGurus had a net margin of 16.41% and a return on equity of 41.31%. CarGurus’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. As a group, sell-side analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current year.

About CarGurus

CarGurus, Inc operates an online automotive marketplace designed to connect buyers and sellers of new and used vehicles. Through its proprietary search engine and data-driven pricing tools, the platform enables consumers to compare listings, assess fair market values and locate local dealers offering competitive deals. CarGurus also provides detailed vehicle history reports, dealer reviews and financing options to streamline the car-shopping process for both private parties and franchised dealerships.

The company’s core product offerings include Instant Market Value (IMV), which leverages pricing algorithms to help buyers identify over- or under-priced vehicles, as well as dealer subscription services that grant automotive retailers access to lead generation tools, targeted advertising and dynamic pricing insights.