Fox Run Management L.L.C. Takes $379,000 Position in CarGurus, Inc. $CARG

Key Points

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Fox Run Management L.L.C. acquired a new stake in shares of CarGurus, Inc. (NASDAQ:CARG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,022 shares of the company's stock, valued at approximately $379,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Investment Advisors Inc. boosted its holdings in CarGurus by 4.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,075 shares of the company's stock worth $332,000 after purchasing an additional 423 shares during the last quarter. US Bancorp DE increased its holdings in CarGurus by 14.6% during the first quarter. US Bancorp DE now owns 3,733 shares of the company's stock worth $109,000 after buying an additional 475 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in CarGurus by 0.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,955 shares of the company's stock worth $2,300,000 after buying an additional 483 shares during the last quarter. NewEdge Advisors LLC raised its position in CarGurus by 25.0% in the fourth quarter. NewEdge Advisors LLC now owns 2,716 shares of the company's stock worth $99,000 after acquiring an additional 543 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in CarGurus by 1.5% in the fourth quarter. MetLife Investment Management LLC now owns 51,676 shares of the company's stock valued at $1,888,000 after acquiring an additional 747 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company's stock.

CarGurus Trading Up 6.1%

Shares of CARG stock traded up $1.98 during trading hours on Friday, hitting $34.18. 1,713,529 shares of the company's stock were exchanged, compared to its average volume of 1,140,799. The company has a market capitalization of $3.39 billion, a PE ratio of 27.79, a PEG ratio of 1.62 and a beta of 1.42. CarGurus, Inc. has a 12-month low of $24.65 and a 12-month high of $41.33. The business's 50 day simple moving average is $32.73 and its 200-day simple moving average is $31.60.

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

Insider Transactions at CarGurus

In other CarGurus news, COO Samuel Zales sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $33.88, for a total value of $338,800.00. Following the completion of the sale, the chief operating officer owned 461,821 shares in the company, valued at approximately $15,646,495.48. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Javier Zamora sold 6,154 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $35.00, for a total value of $215,390.00. Following the sale, the general counsel directly owned 92,807 shares of the company's stock, valued at approximately $3,248,245. This trade represents a 6.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,049 shares of company stock valued at $1,616,397. 17.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on CARG. Needham & Company LLC raised their price target on shares of CarGurus from $39.00 to $44.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Citizens Jmp downgraded CarGurus from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 2nd. UBS Group boosted their price target on shares of CarGurus from $33.00 to $36.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Gordon Haskett started coverage on shares of CarGurus in a research report on Monday, July 14th. They set a "hold" rating and a $35.00 price objective on the stock. Finally, Oppenheimer dropped their price objective on shares of CarGurus from $42.00 to $40.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, CarGurus presently has a consensus rating of "Hold" and an average target price of $38.13.

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.