Dimensional Fund Advisors LP Reduces Position in CarGurus, Inc. $CARG

Key Points

• Dimensional Fund Advisors reduced its CarGurus position by 2.7%, selling 48,737 shares and retaining 1.79 million shares worth approximately $60.9 million. Institutional investors collectively own 86.9% of the company.
• CarGurus reported quarterly EPS of $0.58, exceeding estimates by $0.02, while revenue rose 8.2% year over year to $243.56 million. The company issued second-quarter 2026 EPS guidance of $0.57–$0.64.
• CarGurus shares opened at $36.24, near analysts’ average price target of $38.55. Wall Street’s consensus rating is “Moderate Buy,” although insiders have sold 25,559 shares worth about $841,568 over the past 90 days.

Dimensional Fund Advisors LP trimmed its holdings in CarGurus, Inc. (NASDAQ:CARG - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,787,448 shares of the company's stock after selling 48,737 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.88% of CarGurus worth $60,870,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Brown Brothers Harriman & Co. bought a new stake in shares of CarGurus during the third quarter worth $46,000. Torren Management LLC bought a new position in CarGurus in the fourth quarter worth approximately $49,000. EverSource Wealth Advisors LLC grew its stake in CarGurus by 491.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company's stock worth $55,000 after purchasing an additional 1,362 shares in the last quarter. Clearstead Advisors LLC increased its holdings in CarGurus by 321.2% during the 4th quarter. Clearstead Advisors LLC now owns 2,127 shares of the company's stock worth $82,000 after purchasing an additional 1,622 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in CarGurus by 356.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company's stock worth $83,000 after purchasing an additional 1,697 shares during the period. Hedge funds and other institutional investors own 86.90% of the company's stock.

Insider Transactions at CarGurus

In related news, insider Jennifer Ladd Hanson sold 2,499 shares of the firm's stock in a transaction 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 completion of the transaction, the insider owned 92,894 shares in the company, valued at $3,210,416.64. This trade represents a 2.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Matthew Todd Quinn sold 3,824 shares of the business's stock in a transaction dated 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. The trade was 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 ninety days, insiders sold 25,559 shares of company stock worth $841,568. Company insiders own 18.19% of the company's stock.

CarGurus Price Performance

Shares of NASDAQ:CARG opened at $36.24 on Friday. The business's 50-day moving average is $32.03 and its 200 day moving average is $32.60. CarGurus, Inc. has a 1 year low of $26.39 and a 1 year high of $39.42. The firm has a market capitalization of $3.27 billion, a P/E ratio of 23.84, a P/E/G ratio of 1.32 and a beta of 1.18.

CarGurus (NASDAQ:CARG - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $243.56 million during the quarter, compared to analyst estimates of $243.10 million. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. CarGurus's revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $0.46 EPS. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, analysts expect that CarGurus, Inc. will post 2.11 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Needham & Company LLC lifted their price objective on CarGurus from $37.00 to $43.00 and gave the company a "buy" rating in a report on Friday, May 8th. Freedom Capital upgraded shares of CarGurus to a "strong-buy" rating in a report on Friday, June 12th. Royal Bank Of Canada raised their target price on shares of CarGurus from $34.00 to $35.00 and gave the company an "outperform" rating in a research report on Monday, May 11th. Piper Sandler reissued a "sector weight" rating on shares of CarGurus in a research report on Friday, June 12th. Finally, Weiss Ratings lowered shares of CarGurus from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $38.55.

CarGurus 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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