Campbell & CO Investment Adviser LLC Increases Stock Holdings in CarGurus, Inc. $CARG

Key Points

• Campbell & CO Investment Adviser LLC increased its holdings in CarGurus, Inc. by 31.3% in Q1, owning 44,327 shares valued at approximately $1.29 million.
• Several institutional investors also boosted their stakes in CarGurus, with notable increases such as Versant Capital Management Inc raising its holdings by 695.4%.
• Despite recent sales of stock by insiders, CarGurus reported a quarterly earnings per share of $0.57, exceeding analyst expectations, with projected guidance for Q3 set at $0.500-0.580 EPS.

Campbell & CO Investment Adviser LLC increased its holdings in CarGurus, Inc. (NASDAQ:CARG - Free Report) by 31.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,327 shares of the company's stock after acquiring an additional 10,571 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in CarGurus were worth $1,291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CARG. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of CarGurus in the 1st quarter worth about $46,000. Signaturefd LLC lifted its position in shares of CarGurus by 83.9% in the 1st quarter. Signaturefd LLC now owns 1,751 shares of the company's stock worth $51,000 after purchasing an additional 799 shares during the period. Blue Trust Inc. lifted its holdings in CarGurus by 49.8% in the first quarter. Blue Trust Inc. now owns 2,494 shares of the company's stock worth $73,000 after buying an additional 829 shares during the period. Versant Capital Management Inc lifted its holdings in CarGurus by 695.4% in the first quarter. Versant Capital Management Inc now owns 2,593 shares of the company's stock worth $76,000 after buying an additional 2,267 shares during the period. Finally, Bayforest Capital Ltd purchased a new stake in CarGurus in the first quarter worth about $76,000. Hedge funds and other institutional investors own 86.90% of the company's stock.

Insiders Place Their Bets

In other CarGurus news, COO Samuel Zales sold 10,000 shares of CarGurus stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $33.88, for a total value of $338,800.00. Following the completion of the transaction, the chief operating officer directly owned 461,821 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Zachary Emerson Hallowell sold 4,369 shares of CarGurus stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $33.09, for a total transaction of $144,570.21. Following the completion of the transaction, the chief executive officer directly owned 121,584 shares of the company's stock, valued at $4,023,214.56. This trade represents a 3.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 49,049 shares of company stock valued at $1,616,397. 17.20% of the stock is owned by company insiders.

CarGurus Trading Up 0.0%

Shares of NASDAQ:CARG opened at $34.12 on Wednesday. The stock has a fifty day simple moving average of $32.85 and a two-hundred day simple moving average of $31.58. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 27.74, 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.

CarGurus (NASDAQ:CARG - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. The firm had revenue of $234.03 million during 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%.CarGurus's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. As a group, equities research analysts predict that CarGurus, Inc. will post 1.41 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Needham & Company LLC raised their target price on CarGurus from $39.00 to $44.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Royal Bank Of Canada restated an "outperform" rating and issued a $42.00 target price on shares of CarGurus in a research note on Monday, May 12th. Citizens Jmp lowered CarGurus from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 2nd. UBS Group raised their price objective on CarGurus from $33.00 to $36.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Finally, Oppenheimer lowered their price objective on CarGurus from $42.00 to $40.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, CarGurus currently has an average rating of "Hold" and a consensus price target of $38.13.

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.

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