CarGurus, Inc. $CARG Shares Purchased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its holdings in CarGurus, Inc. by 80.9% during the first quarter, now owning 189,342 shares valued at approximately $5.5 million.
• CarGurus reported a Q2 earnings per share (EPS) of $0.57, exceeding expectations of $0.54, alongside a 7.0% year-over-year revenue growth to $234.03 million.
• Analysts' ratings for CarGurus show a consensus of six "Buy" ratings and seven "Hold" ratings, with an average price target of approximately $38.13.

Russell Investments Group Ltd. lifted its holdings in CarGurus, Inc. (NASDAQ:CARG - Free Report) by 80.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,342 shares of the company's stock after purchasing an additional 84,682 shares during the quarter. Russell Investments Group Ltd. owned about 0.18% of CarGurus worth $5,505,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GeoWealth Management LLC acquired a new stake in CarGurus during the 4th quarter worth about $49,000. Signaturefd LLC lifted its position in CarGurus by 83.9% during the 1st quarter. Signaturefd LLC now owns 1,751 shares of the company's stock worth $51,000 after acquiring an additional 799 shares during the period. Blue Trust Inc. lifted its position in CarGurus by 49.8% during the 1st quarter. Blue Trust Inc. now owns 2,494 shares of the company's stock worth $73,000 after acquiring an additional 829 shares during the period. Versant Capital Management Inc lifted its position in CarGurus by 695.4% during the 1st quarter. Versant Capital Management Inc now owns 2,593 shares of the company's stock worth $76,000 after acquiring an additional 2,267 shares during the period. Finally, NewEdge Advisors LLC lifted its position in CarGurus by 25.0% during the 4th quarter. NewEdge Advisors LLC now owns 2,716 shares of the company's stock worth $99,000 after acquiring an additional 543 shares during the period. Institutional investors and hedge funds own 86.90% of the company's stock.

CarGurus Stock Up 1.4%

Shares of CARG stock opened at $32.20 on Friday. The stock has a market cap of $3.20 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.42. The business has a 50-day simple moving average of $32.67 and a 200-day simple moving average of $31.74. CarGurus, Inc. has a 52-week low of $24.65 and a 52-week high of $41.33.

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

Insider Transactions at CarGurus

In related news, insider Ismail Elshareef sold 5,246 shares of CarGurus stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $31.37, for a total value of $164,567.02. Following the completion of the transaction, the insider owned 107,007 shares in the company, valued at $3,356,809.59. The trade was a 4.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 owned 461,821 shares of the company's stock, valued at approximately $15,646,495.48. This represents a 2.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,049 shares of company stock worth $1,616,397 over the last quarter. Company insiders own 16.99% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on CARG shares. Needham & Company LLC lifted their price target on CarGurus from $39.00 to $44.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Citizens Jmp cut CarGurus from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 2nd. Citigroup lowered their price target on CarGurus from $40.00 to $37.00 and set a "neutral" rating for the company in a research report on Thursday, July 3rd. JMP Securities reissued a "market perform" rating and issued a $38.00 price objective on shares of CarGurus in a report on Wednesday, July 2nd. Finally, Oppenheimer decreased their price objective on CarGurus from $42.00 to $40.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, CarGurus currently has a consensus rating of "Hold" and a consensus price target of $38.13.

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.

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