CarGurus, Inc. $CARG is Alta Fox Capital Management LLC's 4th Largest Position

Alta Fox Capital Management LLC raised its holdings in shares of CarGurus, Inc. (NASDAQ:CARG - Free Report) by 15.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,273,544 shares of the company's stock after acquiring an additional 174,844 shares during the quarter. CarGurus makes up 10.5% of Alta Fox Capital Management LLC's investment portfolio, making the stock its 4th largest position. Alta Fox Capital Management LLC owned approximately 1.33% of CarGurus worth $48,840,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust grew its holdings in shares of CarGurus by 48.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,018 shares of the company's stock worth $116,000 after buying an additional 979 shares in the last quarter. Bridgewater Associates LP lifted its position in CarGurus by 27.2% during the fourth quarter. Bridgewater Associates LP now owns 135,242 shares of the company's stock valued at $5,187,000 after buying an additional 28,938 shares in the last quarter. Stifel Financial Corp lifted its position in shares of CarGurus by 10.0% during the fourth quarter. Stifel Financial Corp now owns 37,393 shares of the company's stock worth $1,434,000 after purchasing an additional 3,392 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of CarGurus by 60.7% during the fourth quarter. Neuberger Berman Group LLC now owns 8,971 shares of the company's stock worth $344,000 after purchasing an additional 3,390 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of CarGurus by 2.1% during the fourth quarter. Schroder Investment Management Group now owns 445,105 shares of the company's stock worth $16,981,000 after purchasing an additional 9,315 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

CarGurus Trading Down 1.8%

CARG stock opened at $27.17 on Friday. CarGurus, Inc. has a one year low of $26.39 and a one year high of $39.42. The firm has a market capitalization of $2.45 billion, a PE ratio of 17.88, a P/E/G ratio of 0.99 and a beta of 1.20. The firm has a 50-day moving average of $32.45 and a two-hundred day moving average of $33.55.

CarGurus (NASDAQ:CARG - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The firm had revenue of $243.56 million during the quarter, compared to analysts' expectations of $243.10 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The company's revenue was up 8.2% on a year-over-year basis. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, equities research analysts anticipate that CarGurus, Inc. will post 2.11 earnings per share for the current year.

Insider Buying and Selling

In other news, CMO Dafna Sarnoff sold 5,445 shares of the firm's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $33.04, for a total value of $179,902.80. Following the completion of the sale, the chief marketing officer directly owned 134,369 shares in the company, valued at approximately $4,439,551.76. This trade represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jennifer Ladd Hanson sold 2,499 shares of CarGurus stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $35.61, for a total value of $88,989.39. Following the transaction, the insider owned 98,191 shares in the company, valued at $3,496,581.51. This trade represents a 2.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 20,924 shares of company stock valued at $669,419. 16.99% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on CARG shares. Weiss Ratings lowered shares of CarGurus from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, May 13th. DA Davidson lowered their target price on shares of CarGurus from $37.50 to $33.50 and set a "neutral" rating for the company in a research note on Friday, February 20th. Royal Bank Of Canada upped their price target on shares of CarGurus from $34.00 to $35.00 and gave the stock an "outperform" rating in a research report on Monday, May 11th. Oppenheimer lowered their price target on shares of CarGurus from $40.00 to $38.00 and set an "outperform" rating for the company in a research report on Tuesday, February 24th. Finally, BTIG Research lowered their price target on shares of CarGurus from $44.00 to $37.00 and set a "buy" rating for the company in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $37.79.

About CarGurus

CarGurus, Inc operates an online automotive marketplace designed to connect buyers and sellers of new and used vehicles. Through its proprietary search engine and data-driven pricing tools, the platform enables consumers to compare listings, assess fair market values and locate local dealers offering competitive deals. CarGurus also provides detailed vehicle history reports, dealer reviews and financing options to streamline the car-shopping process for both private parties and franchised dealerships.

The company's core product offerings include Instant Market Value (IMV), which leverages pricing algorithms to help buyers identify over- or under-priced vehicles, as well as dealer subscription services that grant automotive retailers access to lead generation tools, targeted advertising and dynamic pricing insights.

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