CarGurus, Inc. $CARG Shares Sold by Amundi

Key Points

• Amundi reduced its holdings in CarGurus, Inc. by 20.9%, selling 17,421 shares and now owning 65,776 shares valued at approximately $1,790,000.
• Insider selling activity included CEO Zachary Hallowell and COO Samuel Zales, who sold shares at an average price of $33.09 and $33.88, respectively, leading to decreases in their holdings.
• CarGurus reported an EPS of $0.57 for the last quarter, surpassing analysts' expectations, with quarterly revenue up 7.0% year-over-year.

Amundi trimmed its position in CarGurus, Inc. (NASDAQ:CARG - Free Report) by 20.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,776 shares of the company's stock after selling 17,421 shares during the quarter. Amundi owned 0.06% of CarGurus worth $1,790,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. increased its position in CarGurus by 340.5% during the 1st quarter. Invesco Ltd. now owns 1,606,869 shares of the company's stock valued at $46,808,000 after purchasing an additional 1,242,076 shares during the period. American Century Companies Inc. boosted its stake in CarGurus by 547.9% in the 1st quarter. American Century Companies Inc. now owns 1,398,341 shares of the company's stock worth $40,734,000 after purchasing an additional 1,182,499 shares in the last quarter. Wellington Management Group LLP boosted its stake in CarGurus by 12.7% in the 1st quarter. Wellington Management Group LLP now owns 8,052,180 shares of the company's stock worth $234,560,000 after purchasing an additional 906,830 shares in the last quarter. Boston Partners boosted its stake in CarGurus by 1,641.2% in the 1st quarter. Boston Partners now owns 878,556 shares of the company's stock worth $25,363,000 after purchasing an additional 828,099 shares in the last quarter. Finally, Nuveen LLC bought a new position in CarGurus during the 1st quarter valued at about $21,884,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CARG has been the topic of several research analyst reports. JMP Securities restated a "market perform" rating and set a $38.00 target price on shares of CarGurus in a research note on Wednesday, July 2nd. BTIG Research reaffirmed a "buy" rating and set a $39.00 price target on shares of CarGurus in a research report on Friday, September 5th. Needham & Company LLC upped their price target on shares of CarGurus from $39.00 to $44.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Citizens Jmp lowered shares of CarGurus from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 2nd. Finally, Oppenheimer reduced their target price 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 analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $38.46.

CarGurus Trading Up 2.2%

CARG traded up $0.82 during trading hours on Thursday, hitting $37.57. The company's stock had a trading volume of 984,410 shares, compared to its average volume of 1,021,589. The business's 50-day moving average price is $33.69 and its 200-day moving average price is $31.59. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 30.54, a P/E/G ratio of 1.74 and a beta of 1.54. CarGurus, Inc. has a 12 month low of $24.65 and a 12 month high of $41.33.

CarGurus (NASDAQ:CARG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The company 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 quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. On average, analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Insider Activity

In related news, COO Samuel Zales sold 10,000 shares of CarGurus stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $36.08, for a total value of $360,800.00. Following the completion of the sale, the chief operating officer directly owned 441,821 shares in the company, valued at $15,940,901.68. The trade was a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Javier Zamora sold 6,154 shares of CarGurus 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 completion of the sale, the general counsel owned 92,807 shares of the company's stock, valued at $3,248,245. The trade was a 6.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,538 shares of company stock valued at $1,427,877. Insiders own 16.99% of the company's stock.

CarGurus 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.