10,591 Shares in CarGurus, Inc. $CARG Purchased by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC has acquired a new position in CarGurus, Inc., purchasing 10,591 shares valued at approximately $354,000.
• Insider transactions revealed that COO Samuel Zales sold 10,000 shares for about $360,800, representing a 2.21% decrease in his ownership.
• Analyst ratings for CarGurus are generally positive, with several firms raising their target price, giving it a consensus rating of "Hold" and an average target price of $38.46.

Counterpoint Mutual Funds LLC purchased a new position in CarGurus, Inc. (NASDAQ:CARG - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,591 shares of the company's stock, valued at approximately $354,000.

Several other hedge funds have also recently added to or reduced their stakes in CARG. BI Asset Management Fondsmaeglerselskab A S acquired a new position in CarGurus in the first quarter worth about $46,000. Signaturefd LLC raised its stake in shares of CarGurus by 83.9% in the first quarter. Signaturefd LLC now owns 1,751 shares of the company's stock valued at $51,000 after acquiring an additional 799 shares during the last quarter. Blue Trust Inc. raised its stake in shares of CarGurus by 49.8% in the first quarter. Blue Trust Inc. now owns 2,494 shares of the company's stock valued at $73,000 after acquiring an additional 829 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of CarGurus by 695.4% in the first quarter. Versant Capital Management Inc now owns 2,593 shares of the company's stock valued at $76,000 after acquiring an additional 2,267 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new position in shares of CarGurus in the first quarter valued at approximately $76,000. Institutional investors and hedge funds own 86.90% of the company's stock.

Insider Transactions at CarGurus

In other CarGurus news, COO Samuel Zales sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $36.08, for a total value of $360,800.00. Following the transaction, the chief operating officer directly owned 441,821 shares of the company's stock, valued at approximately $15,940,901.68. This trade represents a 2.21% 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 the SEC website. Also, CMO Dafna Sarnoff sold 4,168 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $33.09, for a total transaction of $137,919.12. Following the completion of the transaction, the chief marketing officer directly owned 115,183 shares in the company, valued at approximately $3,811,405.47. The trade was a 3.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,538 shares of company stock valued at $1,427,877. 16.99% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CARG shares. Needham & Company LLC lifted their target price on shares of CarGurus from $39.00 to $44.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Gordon Haskett started coverage on shares of CarGurus in a research note on Monday, July 14th. They issued a "hold" rating and a $35.00 target price for the company. UBS Group lifted their target price on shares of CarGurus from $33.00 to $36.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. JMP Securities reiterated a "market perform" rating and issued a $38.00 target price on shares of CarGurus in a research note on Wednesday, July 2nd. Finally, BTIG Research reissued a "buy" rating and issued a $39.00 price target on shares of CarGurus in a report on Friday, September 5th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $38.46.

CarGurus Price Performance

Shares of CarGurus stock opened at $37.85 on Thursday. The firm has a market cap of $3.76 billion, a P/E ratio of 30.77, a P/E/G ratio of 1.77 and a beta of 1.54. The firm has a 50 day simple moving average of $33.97 and a 200 day simple moving average of $31.75. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $41.33.

CarGurus (NASDAQ:CARG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. The business had revenue of $234.03 million during the quarter, compared to analyst estimates of $232.29 million. CarGurus had a net margin of 14.12% and a return on equity of 36.23%. CarGurus's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. On average, sell-side analysts expect that CarGurus, Inc. will post 1.41 EPS for the current year.

CarGurus Company Profile

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.

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