CarGurus, Inc. $CARG Shares Sold by Amundi

Key Points

• Amundi cut its CarGurus stake by 79.5% in the first quarter, selling 77,293 shares and retaining 19,878 shares valued at approximately $677,000. Institutional investors overall still own 86.9% of the company.
• Analyst sentiment remains favorable: CarGurus has a “Moderate Buy” consensus rating and an average price target of $40.25, with Needham and BTIG recently raising their targets and maintaining “Buy” ratings.
• CarGurus reported quarterly EPS of $0.66, exceeding the $0.61 consensus estimate, while revenue reached about $251 million. The company also posted strong cash flow and guided for third-quarter EPS of $0.63–$0.69.

Amundi lowered its stake in CarGurus, Inc. (NASDAQ:CARG - Free Report) by 79.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,878 shares of the company's stock after selling 77,293 shares during the period. Amundi's holdings in CarGurus were worth $677,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Horizon Investments LLC lifted its position in CarGurus by 2.0% in the fourth quarter. Horizon Investments LLC now owns 16,375 shares of the company's stock valued at $628,000 after purchasing an additional 318 shares during the period. ProShare Advisors LLC increased its position in CarGurus by 2.8% during the 4th quarter. ProShare Advisors LLC now owns 15,992 shares of the company's stock worth $613,000 after purchasing an additional 436 shares during the period. Ritholtz Wealth Management increased its position in CarGurus by 4.2% during the 1st quarter. Ritholtz Wealth Management now owns 11,039 shares of the company's stock worth $376,000 after purchasing an additional 449 shares during the period. HighTower Advisors LLC raised its stake in shares of CarGurus by 7.8% during the 4th quarter. HighTower Advisors LLC now owns 7,094 shares of the company's stock worth $272,000 after buying an additional 514 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in shares of CarGurus by 1.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 43,583 shares of the company's stock worth $1,671,000 after buying an additional 679 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Weiss Ratings downgraded CarGurus from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, May 13th. Needham & Company LLC raised their target price on CarGurus from $43.00 to $44.00 and gave the company a "buy" rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of CarGurus from $36.00 to $38.00 and gave the stock a "neutral" rating in a research report on Friday, May 8th. B. Riley Financial reaffirmed a "buy" rating on shares of CarGurus in a research note on Friday. Finally, BTIG Research upped their price target on shares of CarGurus from $40.00 to $41.00 and gave the stock a "buy" rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $40.25.

Insiders Place Their Bets

In related news, insider Jennifer Ladd Hanson sold 2,499 shares of the company's stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $34.56, for a total value of $86,365.44. Following the sale, the insider owned 92,894 shares of the company's stock, valued at approximately $3,210,416.64. This represents a 2.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Matthew Todd Quinn sold 3,824 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $35.03, for a total value of $133,954.72. Following the sale, the chief technology officer owned 233,146 shares in the company, valued at approximately $8,167,104.38. This trade represents a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 31,764 shares of company stock worth $1,071,649. Insiders own 18.19% of the company's stock.

CarGurus Price Performance

Shares of CARG stock opened at $38.99 on Monday. The stock has a market cap of $3.52 billion, a P/E ratio of 21.19, a P/E/G ratio of 1.42 and a beta of 1.17. CarGurus, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $41.22. The business has a fifty day simple moving average of $32.85 and a 200-day simple moving average of $32.64.

CarGurus (NASDAQ:CARG - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.61 by $0.05. The business had revenue of $250.97 million for the quarter, compared to analyst estimates of $249.85 million. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. On average, sell-side analysts anticipate that CarGurus, Inc. will post 2.11 earnings per share for the current year.

More CarGurus News

Here are the key news stories impacting CarGurus this week:

• Positive Sentiment: Q2 earnings beat expectations: CarGurus reported adjusted earnings of $0.66 per share, up from $0.57 a year earlier and above analysts’ estimates of approximately $0.61–$0.62. Revenue reached $251.0 million, slightly exceeding consensus expectations and increasing 13% year over year. CarGurus Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Strong profitability and cash generation: Second-quarter GAAP net income from continuing operations was $49.2 million. Adjusted EBITDA was $84.7 million, near the high end of company guidance, while operating cash flow was $94.6 million and free cash flow was $87.7 million. CarGurus Announces Second Quarter 2026 Results
• Positive Sentiment: Above-consensus Q3 outlook: CarGurus guided for third-quarter EPS of $0.63–$0.69, ahead of the $0.61 analyst consensus. Revenue guidance of $253.5 million–$258.5 million was broadly consistent with expectations, suggesting continued year-over-year growth. CarGurus Earnings Report
• Positive Sentiment: Share repurchases support per-share value: The company repurchased $29.2 million of stock during Q2. Since December 2022, cumulative repurchases have exceeded 30% of shares outstanding, which can support EPS and shareholder returns. CarGurus Q2 Results Presentation
• Neutral Sentiment: Revenue was only modestly above estimates, and the available report does not provide a clear updated full-year 2026 EPS target. Investors may therefore focus on future growth trends and the company’s ability to sustain its strong margins and cash flow.

CarGurus Company Profile

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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