Envestnet Asset Management Inc. Boosts Stake in CarGurus, Inc. $CARG

Envestnet Asset Management Inc. increased its holdings in shares of CarGurus, Inc. (NASDAQ:CARG) by 100.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 102,818 shares of the company’s stock after purchasing an additional 51,487 shares during the quarter. Envestnet Asset Management Inc.’s holdings in CarGurus were worth $3,828,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CARG. Congress Asset Management Co. acquired a new stake in shares of CarGurus in the third quarter valued at about $70,856,000. Voya Investment Management LLC lifted its position in CarGurus by 82.7% during the 3rd quarter. Voya Investment Management LLC now owns 141,559 shares of the company’s stock worth $5,270,000 after acquiring an additional 64,094 shares in the last quarter. Federated Hermes Inc. boosted its holdings in CarGurus by 11.5% in the 3rd quarter. Federated Hermes Inc. now owns 465,978 shares of the company’s stock worth $17,348,000 after acquiring an additional 48,177 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in CarGurus in the 2nd quarter worth approximately $379,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in CarGurus in the third quarter valued at approximately $1,833,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Trending Headlines about CarGurus

Here are the key news stories impacting CarGurus this week:

• Positive Sentiment: Company fundamentals and shareholder returns — CarGurus reported 14% revenue growth to $907M and expanded its dealer network and retention, with robust adjusted EBITDA growth and $350M in buybacks in 2025; management also authorized a new $250M repurchase program through 2026. Article Title
• Positive Sentiment: Analyst/supportive research easing fears — Huber Research defended the name and noted easing AI concerns, which helped lift sentiment after recent volatility. Article Title
• Positive Sentiment: Bullish research/features — Recent analyst and industry write-ups describe CarGurus as an attractive value-growth setup driven by AI product initiatives and a lean marketplace model, reinforcing positive investor thesis. Article Title
• Neutral Sentiment: Valuation coverage and mixed analyst moves — Oppenheimer trimmed its price target slightly (from $40 to $38) but kept an outperform view; broader coverage includes valuation pieces weighing recent share weakness. These are informative but not decisively bullish or bearish. Article Title
• Negative Sentiment: Data breach/extortion claims — Multiple outlets report an extortion group (ShinyHunters) claiming to have copied ~12.4–12.5M CarGurus user records. Headlines like these create regulatory, remediation and reputational risk that can pressure the stock. Article Title
• Negative Sentiment: Security coverage from tech outlets — BleepingComputer and others provide additional technical detail and reporting on the alleged leak, increasing the likelihood investors will demand clarity on scope, impact and remediation. Article Title
• Negative Sentiment: Analyst target cuts — Royal Bank of Canada and DA Davidson trimmed their price targets to $34.00 and $33.50 respectively, which is downward pressure on sentiment and may cap near-term upside until clarity on the breach and guidance is provided. RBC Cut DA Davidson Cut

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CARG shares. Wall Street Zen downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Weiss Ratings restated a “hold (c+)” rating on shares of CarGurus in a research note on Monday, December 29th. Royal Bank Of Canada dropped their target price on CarGurus from $40.00 to $34.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Oppenheimer reduced their price target on CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, UBS Group set a $38.00 price objective on CarGurus in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CarGurus presently has a consensus rating of “Hold” and a consensus price target of $38.14.

CarGurus Trading Up 4.0%

NASDAQ:CARG opened at $28.98 on Wednesday. The stock has a 50 day moving average of $33.88 and a 200-day moving average of $34.82. The firm has a market capitalization of $2.77 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.05 and a beta of 1.35. CarGurus, Inc. has a 52 week low of $24.65 and a 52 week high of $39.42.

CarGurus (NASDAQ:CARG) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. CarGurus had a net margin of 16.60% and a return on equity of 47.50%. The business had revenue of $209.09 million during the quarter, compared to analyst estimates of $239.07 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. As a group, analysts predict that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other CarGurus news, CEO Jason Trevisan sold 16,548 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $39.02, for a total value of $645,702.96. Following the sale, the chief executive officer directly owned 630,483 shares in the company, valued at approximately $24,601,446.66. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ismail Elshareef sold 1,645 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $32.21, for a total transaction of $52,985.45. Following the sale, the insider directly owned 91,822 shares of the company’s stock, valued at approximately $2,957,586.62. This represents a 1.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 49,003 shares of company stock worth $1,858,494. 17.20% of the stock is owned by corporate insiders.

CarGurus Profile

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.