Bollard Group LLC Purchases New Holdings in CarGurus, Inc. $CARG

Bollard Group LLC purchased a new stake in CarGurus, Inc. (NASDAQ:CARG) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 28,525 shares of the company’s stock, valued at approximately $971,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. UBS Group AG grew its holdings in CarGurus by 158.2% during the 3rd quarter. UBS Group AG now owns 1,537,856 shares of the company’s stock worth $57,254,000 after acquiring an additional 942,199 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of CarGurus by 6.6% in the 3rd quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company’s stock valued at $358,773,000 after purchasing an additional 594,670 shares during the period. William Blair Investment Management LLC bought a new position in shares of CarGurus in the 4th quarter worth $21,756,000. Northwestern Mutual Wealth Management Co. raised its holdings in CarGurus by 159,137.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 536,629 shares of the company’s stock worth $22,787,000 after purchasing an additional 536,292 shares during the period. Finally, No Street GP LP raised its holdings in CarGurus by 108.9% during the 3rd quarter. No Street GP LP now owns 835,000 shares of the company’s stock worth $31,087,000 after buying an additional 435,340 shares during the period. 86.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CarGurus

In other CarGurus news, insider Jennifer Ladd Hanson sold 2,499 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $34.56, for a total value of $86,365.44. Following the sale, the insider owned 92,894 shares of the company’s stock, valued at approximately $3,210,416.64. This trade represents a 2.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Matthew Todd Quinn sold 3,824 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $35.03, for a total transaction of $133,954.72. Following the transaction, the chief technology officer owned 233,146 shares of the company’s stock, valued at $8,167,104.38. This trade represents a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 25,559 shares of company stock valued at $841,568. Company insiders own 18.19% of the company’s stock.

CarGurus Stock Performance

Shares of NASDAQ CARG opened at $33.37 on Friday. The stock has a market capitalization of $3.01 billion, a P/E ratio of 21.95, a PEG ratio of 1.20 and a beta of 1.18. The stock’s fifty day moving average is $31.24 and its 200 day moving average is $32.68. CarGurus, Inc. has a 52 week low of $26.39 and a 52 week high of $39.42.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $243.56 million during the quarter, compared to analysts’ expectations of $243.10 million. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. CarGurus’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. Equities research analysts forecast that CarGurus, Inc. will post 2.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. UBS Group set a $35.00 target price on CarGurus in a research note on Thursday, May 28th. Piper Sandler reaffirmed a “sector weight” rating on shares of CarGurus in a research report on Friday, June 12th. Wall Street Zen upgraded CarGurus from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Royal Bank Of Canada increased their price target on CarGurus from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. raised their price target on CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.55.

CarGurus Company 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.