111 Capital Makes New $278,000 Investment in CarGurus, Inc. $CARG

Key Points

• 111 Capital has invested approximately $278,000 in CarGurus, Inc., acquiring 8,320 shares during the second quarter.
• Insider trading indicates significant sales, with COO Samuel Zales selling 10,000 shares for $338,800 and General Counsel Javier Zamora selling 6,154 shares for $215,390.
• Analysts have mixed ratings for CarGurus, with the consensus being a "Hold" and an average price target of $38.79 amidst varying estimates from different firms.

111 Capital bought a new position in shares of CarGurus, Inc. (NASDAQ:CARG - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,320 shares of the company's stock, valued at approximately $278,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of CarGurus by 2.3% during the first quarter. Principal Financial Group Inc. now owns 482,484 shares of the company's stock worth $14,055,000 after purchasing an additional 10,787 shares during the period. Intech Investment Management LLC increased its position in CarGurus by 50.0% in the first quarter. Intech Investment Management LLC now owns 67,246 shares of the company's stock worth $1,959,000 after buying an additional 22,425 shares during the period. Vanguard Group Inc. increased its position in CarGurus by 1.0% in the first quarter. Vanguard Group Inc. now owns 9,780,608 shares of the company's stock worth $284,909,000 after buying an additional 93,722 shares during the period. GAMMA Investing LLC increased its position in CarGurus by 35.4% in the first quarter. GAMMA Investing LLC now owns 4,196 shares of the company's stock worth $122,000 after buying an additional 1,097 shares during the period. Finally, Bosman Wealth Management LLC acquired a new stake in CarGurus in the first quarter worth $2,638,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CarGurus

In related news, COO Samuel Zales sold 10,000 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $33.88, for a total transaction of $338,800.00. Following the completion of the transaction, the chief operating officer owned 461,821 shares of the company's stock, valued at $15,646,495.48. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Javier Zamora sold 6,154 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $35.00, for a total value of $215,390.00. Following the transaction, the general counsel directly owned 92,807 shares of the company's stock, valued at $3,248,245. This represents a 6.22% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,210 shares of company stock valued at $1,388,736. Corporate insiders own 16.99% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wall Street Zen lowered CarGurus from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 5th. Needham & Company LLC increased their target price on CarGurus from $39.00 to $44.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Oppenheimer dropped their target price on CarGurus from $42.00 to $40.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Citizens Jmp lowered CarGurus from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 2nd. Finally, Citigroup dropped their target price on CarGurus from $40.00 to $37.00 and set a "neutral" rating on the stock in a research report on Thursday, July 3rd. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $38.79.

CarGurus Stock Performance

Shares of CARG opened at $36.24 on Tuesday. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 1.80 and a beta of 1.52. CarGurus, Inc. has a one year low of $24.65 and a one year high of $41.33. The stock's fifty day moving average is $34.59 and its 200-day moving average is $32.15.

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

About CarGurus

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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