Fort Washington Investment Advisors Inc. OH Has $39.26 Million Holdings in CarGurus, Inc. $CARG

Fort Washington Investment Advisors Inc. OH lowered its stake in shares of CarGurus, Inc. (NASDAQ:CARG) by 7.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,023,631 shares of the company’s stock after selling 81,216 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 1.07% of CarGurus worth $39,256,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MAI Capital Management boosted its position in shares of CarGurus by 661.0% during the second quarter. MAI Capital Management now owns 1,172 shares of the company’s stock valued at $39,000 after buying an additional 1,018 shares during the last quarter. Farther Finance Advisors LLC raised its position in CarGurus by 71.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock valued at $40,000 after buying an additional 443 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in CarGurus during the 3rd quarter valued at $46,000. First Horizon Corp bought a new position in CarGurus during the 3rd quarter valued at $51,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in CarGurus by 491.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after acquiring an additional 1,362 shares during the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CarGurus news, insider Jennifer Ladd Hanson sold 2,358 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $38.10, for a total transaction of $89,839.80. Following the completion of the transaction, the insider directly owned 50,466 shares of the company’s stock, valued at approximately $1,922,754.60. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ismail Elshareef sold 1,645 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $32.21, for a total value of $52,985.45. Following the completion of the sale, the insider directly owned 91,822 shares of the company’s stock, valued at $2,957,586.62. This represents a 1.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 16.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CARG. BTIG Research lowered their target price on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a report on Friday, February 20th. Jefferies Financial Group boosted their price target on shares of CarGurus from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Oppenheimer decreased their price objective on shares of CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. UBS Group set a $38.00 target price on shares of CarGurus in a research report on Tuesday, February 24th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of CarGurus in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $38.14.

CarGurus Stock Performance

CARG opened at $35.66 on Friday. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $39.42. The firm has a 50-day moving average of $31.59 and a 200 day moving average of $34.72. The firm has a market cap of $3.39 billion, a P/E ratio of 23.01, a PEG ratio of 1.32 and a beta of 1.37.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $239.07 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. Equities research analysts predict that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.

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.