Sei Investments Co. Raises Stake in CarGurus, Inc. $CARG

Key Points

• Sei Investments Co. increased its stake in CarGurus by 13.5% in the first quarter, owning a total of 164,253 shares worth approximately $4.79 million.
• CarGurus reported an earnings per share (EPS) of $0.57 for the last quarter, exceeding analyst expectations and showing a 7.0% year-over-year revenue growth.
• Despite positive earnings, shares of CarGurus have experienced a 1.1% decline on the trading day, with a market cap of $3.32 billion.

Sei Investments Co. increased its position in CarGurus, Inc. (NASDAQ:CARG - Free Report) by 13.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,253 shares of the company's stock after acquiring an additional 19,544 shares during the quarter. Sei Investments Co. owned about 0.16% of CarGurus worth $4,785,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CARG. GeoWealth Management LLC bought a new position in shares of CarGurus in the fourth quarter worth approximately $49,000. Signaturefd LLC lifted its stake in shares of CarGurus by 83.9% during the 1st quarter. Signaturefd LLC now owns 1,751 shares of the company's stock valued at $51,000 after buying an additional 799 shares in the last quarter. Blue Trust Inc. boosted its holdings in CarGurus by 49.8% in the 1st 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 boosted its holdings in CarGurus by 695.4% in the 1st 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 1st quarter worth $76,000. Institutional investors own 86.90% of the company's stock.

CarGurus Trading Down 2.2%

CARG traded down $0.71 during trading hours on Wednesday, hitting $31.74. The company's stock had a trading volume of 988,482 shares, compared to its average volume of 1,067,397. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 1.54 and a beta of 1.42. The business's 50-day moving average price is $32.67 and its 200-day moving average price is $31.79. 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 released its quarterly earnings data on Thursday, August 7th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. CarGurus had a net margin of 14.12% and a return on equity of 36.23%. The business had revenue of $234.03 million during the quarter, compared to analyst estimates of $232.29 million. During the same quarter last year, the business earned $0.41 earnings per share. CarGurus's quarterly revenue was up 7.0% compared to the same quarter last year. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. On average, analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Insider Buying and Selling

In related news, General Counsel Javier Esquivel Zamora sold 12,265 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 $384,753.05. Following the completion of the transaction, the general counsel owned 102,723 shares in the company, valued at approximately $3,222,420.51. This trade represents a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ismail Elshareef sold 5,246 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $31.37, for a total value of $164,567.02. Following the completion of the sale, the insider directly owned 107,007 shares of the company's stock, valued at $3,356,809.59. The trade was a 4.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,049 shares of company stock valued at $1,616,397 in the last quarter. 16.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Royal Bank Of Canada restated an "outperform" rating and issued a $42.00 price objective on shares of CarGurus in a research report on Monday, May 12th. JMP Securities reissued a "market perform" rating and set a $38.00 target price on shares of CarGurus in a research note on Wednesday, July 2nd. Citizens Jmp downgraded CarGurus from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 2nd. Gordon Haskett assumed coverage on shares of CarGurus in a report on Monday, July 14th. They set a "hold" rating and a $35.00 price objective for the company. Finally, UBS Group lifted their price objective on shares of CarGurus from $33.00 to $36.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, CarGurus has an average rating of "Hold" and a consensus price target of $38.13.

CarGurus Company 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.