41,677 Shares in CarGurus, Inc. $CARG Bought by RFG Advisory LLC

Key Points

• RFG Advisory LLC acquired 41,677 CarGurus shares worth approximately $1.42 million, while institutional investors collectively own 86.90% of the company.
• CarGurus reported quarterly EPS of $0.66, topping estimates of $0.61, with revenue rising 7.2% year over year to $250.97 million. The company guided for third-quarter EPS of $0.63–$0.69.
• Insiders sold 61,943 shares worth about $2.24 million over the past three months. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $40.75, above the reported $34.42 share price.

RFG Advisory LLC acquired a new stake in shares of CarGurus, Inc. (NASDAQ:CARG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 41,677 shares of the company's stock, valued at approximately $1,421,000.

A number of other hedge funds have also recently bought and sold shares of CARG. ProShare Advisors LLC raised its holdings in shares of CarGurus by 2.8% in the fourth quarter. ProShare Advisors LLC now owns 15,992 shares of the company's stock valued at $613,000 after purchasing an additional 436 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in CarGurus by 4.2% during the first quarter. Ritholtz Wealth Management now owns 11,039 shares of the company's stock worth $376,000 after purchasing an additional 449 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in CarGurus by 1.9% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 24,318 shares of the company's stock worth $829,000 after purchasing an additional 459 shares during the last quarter. HighTower Advisors LLC grew its position in CarGurus by 7.8% in the 4th quarter. HighTower Advisors LLC now owns 7,094 shares of the company's stock worth $272,000 after purchasing an additional 514 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in CarGurus by 1.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 43,583 shares of the company's stock worth $1,671,000 after purchasing an additional 679 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CarGurus

In related news, CTO Matthew Quinn sold 3,824 shares of CarGurus stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $35.03, for a total value of $133,954.72. Following the completion of the transaction, the chief technology officer directly owned 233,146 shares in the company, valued at approximately $8,167,104.38. The trade was a 1.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Javier Zamora sold 6,205 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $37.08, for a total transaction of $230,081.40. Following the sale, the general counsel directly owned 80,260 shares in the company, valued at $2,976,040.80. The trade was a 7.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 61,943 shares of company stock valued at $2,238,736. 18.19% of the stock is currently owned by insiders.

CarGurus Price Performance

NASDAQ:CARG opened at $34.42 on Friday. The company has a market capitalization of $3.07 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.18 and a beta of 1.16. The business has a fifty day simple moving average of $35.52 and a two-hundred day simple moving average of $33.53. CarGurus, Inc. has a 1 year low of $26.39 and a 1 year high of $41.22.

CarGurus (NASDAQ:CARG - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.05. CarGurus had a return on equity of 62.88% and a net margin of 18.06%.The firm had revenue of $250.97 million for the quarter, compared to analysts' expectations of $249.85 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. As a group, analysts anticipate that CarGurus, Inc. will post 2.17 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on CARG shares. Wall Street Zen raised CarGurus from a "hold" rating to a "buy" rating in a research report on Saturday, August 22nd. Royal Bank Of Canada raised their target price on CarGurus from $35.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Weiss Ratings upgraded CarGurus from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 21st. BTIG Research boosted their price target on shares of CarGurus from $40.00 to $41.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Finally, Citigroup increased their price target on shares of CarGurus from $32.00 to $39.00 and gave the company a "neutral" rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $40.75.

CarGurus Profile

CarGurus, Inc operates an online automotive marketplace that connects consumers with automobile dealers and private sellers. Its platform enables shoppers to search for new and used vehicles, compare listings, evaluate pricing and vehicle details, and contact sellers. CarGurus generates revenue primarily by providing dealers with digital advertising and marketing products designed to help them display inventory and reach prospective buyers.

The company also provides tools and services intended to support automotive retailers throughout the vehicle-shopping process, including inventory merchandising, lead generation, pricing insights and digital retail capabilities.

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