CarGurus, Inc. $CARG Shares Bought by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors Inc. OH increased its stake in CarGurus, Inc. by 6.8%, owning 1,002,696 shares valued at approximately $33.56 million as of the end of the most recent quarter.
• CarGurus reported $0.57 earnings per share for the quarter, surpassing analysts' expectations, and had a 7.0% year-over-year revenue growth to $234.03 million.
• Analysts have mixed ratings on CarGurus, with six rating it as a Buy and seven as a Hold, and the average price target for the stock is around $38.46.

Fort Washington Investment Advisors Inc. OH increased its stake in CarGurus, Inc. (NASDAQ:CARG - Free Report) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,002,696 shares of the company's stock after purchasing an additional 64,087 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.96% of CarGurus worth $33,560,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in CarGurus by 2.3% in the first quarter. Principal Financial Group Inc. now owns 482,484 shares of the company's stock worth $14,055,000 after purchasing an additional 10,787 shares during the period. Intech Investment Management LLC lifted its holdings in CarGurus by 50.0% in the 1st quarter. Intech Investment Management LLC now owns 67,246 shares of the company's stock valued at $1,959,000 after acquiring an additional 22,425 shares during the last quarter. Vanguard Group Inc. lifted its holdings in CarGurus by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 9,780,608 shares of the company's stock valued at $284,909,000 after acquiring an additional 93,722 shares during the last quarter. GAMMA Investing LLC lifted its holdings in CarGurus by 35.4% in the 1st quarter. GAMMA Investing LLC now owns 4,196 shares of the company's stock valued at $122,000 after acquiring an additional 1,097 shares during the last quarter. Finally, Bosman Wealth Management LLC acquired a new stake in CarGurus in the 1st quarter valued at about $2,638,000. Institutional investors and hedge funds own 86.90% of the company's stock.

CarGurus Price Performance

Shares of CARG opened at $37.50 on Friday. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 30.49, a P/E/G ratio of 1.78 and a beta of 1.54. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $41.33. The business's 50-day moving average is $34.13 and its 200-day moving average is $31.84.

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

Analysts Set New Price Targets

CARG has been the subject of a number of research analyst reports. Citigroup cut their price target on shares of CarGurus from $40.00 to $37.00 and set a "neutral" rating for the company in a report on Thursday, July 3rd. BTIG Research restated a "buy" rating and set a $39.00 price objective on shares of CarGurus in a report on Friday, September 5th. Wall Street Zen downgraded CarGurus from a "strong-buy" rating to a "buy" rating in a report on Friday, September 5th. UBS Group boosted their price objective on CarGurus from $33.00 to $36.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Finally, Gordon Haskett started coverage on CarGurus in a report on Monday, July 14th. They set a "hold" rating and a $35.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $38.46.

Insider Activity

In other news, General Counsel Javier Zamora sold 6,154 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was 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 directly owned 92,807 shares of the company's stock, valued at approximately $3,248,245. This represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Matthew Todd Quinn sold 3,789 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $33.09, for a total value of $125,378.01. Following the completion of the sale, the chief technology officer directly owned 216,877 shares of the company's stock, valued at $7,176,459.93. This represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,538 shares of company stock valued at $1,427,877. Insiders own 16.99% of the company's stock.

About CarGurus

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.

Want to see what other hedge funds are holding CARG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CarGurus, Inc. (NASDAQ:CARG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.