Sei Investments Co. Increases Position 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. lifted its position in shares of CarGurus, Inc. (NASDAQ:CARG - Free Report) by 13.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 164,253 shares of the company's stock after purchasing an additional 19,544 shares during the period. Sei Investments Co. owned 0.16% of CarGurus worth $4,785,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. GeoWealth Management LLC bought a new position in CarGurus during the 4th quarter worth $49,000. Signaturefd LLC increased its stake 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. increased its stake 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 increased its stake 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, Bayforest Capital Ltd bought a new position in CarGurus during the 1st quarter worth $76,000. Institutional investors own 86.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CARG shares. Citizens Jmp downgraded CarGurus from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 2nd. UBS Group raised their target price on CarGurus from $33.00 to $36.00 and gave the company a "neutral" rating in a report on Friday, August 8th. JMP Securities reaffirmed a "market perform" rating and issued a $38.00 target price on shares of CarGurus in a report on Wednesday, July 2nd. Oppenheimer reduced their target price on CarGurus from $42.00 to $40.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Finally, Gordon Haskett began 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 research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $38.13.

CarGurus Stock Performance

Shares of CARG stock traded down $0.0280 during mid-day trading on Tuesday, hitting $32.3620. The company's stock had a trading volume of 399,084 shares, compared to its average volume of 1,046,196. The company's fifty day simple moving average is $32.70 and its 200-day simple moving average is $31.78. CarGurus, Inc. has a 52 week low of $24.65 and a 52 week high of $41.33. The company has a market cap of $3.21 billion, a PE ratio of 26.29, a P/E/G ratio of 1.59 and a beta of 1.42.

CarGurus (NASDAQ:CARG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.57 earnings per share for the quarter, topping 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 firm had revenue of $234.03 million during the quarter, compared to analyst estimates of $232.29 million. During the same period last year, the company posted $0.41 EPS. The business's quarterly revenue was up 7.0% on a year-over-year basis. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. On average, equities analysts anticipate that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Insiders Place Their Bets

In related news, General Counsel Javier Zamora sold 6,154 shares of the business's stock in a transaction dated 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 $3,248,245. The trade was a 6.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Zachary Emerson Hallowell sold 1,733 shares of CarGurus stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $33.84, for a total value of $58,644.72. Following the transaction, the chief executive officer owned 117,045 shares of the company's stock, valued at $3,960,802.80. This trade represents a 1.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,049 shares of company stock worth $1,616,397 over the last three months. 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.