Eisler Capital Management Ltd. Takes Position in CarGurus, Inc. $CARG

Key Points

• Eisler Capital Management Ltd. has purchased a new stake in CarGurus, Inc., acquiring 173,220 shares valued at approximately $5,055,000, representing 0.17% ownership of the company as of the latest SEC filing.
• Analysts have mixed ratings on CarGurus; while Needham & Company raised their price objective to $44.00 and issued a "buy" rating, other firms like Oppenheimer and Citigroup have lowered their price targets.
• CarGurus reported earnings of $0.57 per share for the last quarter, exceeding the consensus estimate of $0.54, with revenue reaching $234.03 million, up 7% compared to the previous year.

Eisler Capital Management Ltd. purchased a new stake in CarGurus, Inc. (NASDAQ:CARG - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 173,220 shares of the company's stock, valued at approximately $5,055,000. Eisler Capital Management Ltd. owned 0.17% of CarGurus as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CARG. Envestnet Asset Management Inc. raised its stake in shares of CarGurus by 41.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 36,206 shares of the company's stock valued at $1,323,000 after acquiring an additional 10,614 shares during the period. NewEdge Advisors LLC raised its stake in shares of CarGurus by 25.0% in the 4th quarter. NewEdge Advisors LLC now owns 2,716 shares of the company's stock valued at $99,000 after acquiring an additional 543 shares during the period. MetLife Investment Management LLC raised its stake in shares of CarGurus by 1.5% in the 4th quarter. MetLife Investment Management LLC now owns 51,676 shares of the company's stock valued at $1,888,000 after acquiring an additional 747 shares during the period. Hsbc Holdings PLC raised its stake in shares of CarGurus by 119.6% in the 4th quarter. Hsbc Holdings PLC now owns 23,168 shares of the company's stock valued at $858,000 after acquiring an additional 12,619 shares during the period. Finally, Dark Forest Capital Management LP purchased a new stake in shares of CarGurus in the 4th quarter valued at approximately $244,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on CARG. Gordon Haskett began coverage on shares of CarGurus in a research note on Monday, July 14th. They issued a "hold" rating and a $35.00 price objective for the company. Needham & Company LLC raised their price objective on shares of CarGurus from $39.00 to $44.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Oppenheimer lowered their price objective on shares of CarGurus from $42.00 to $40.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. Citigroup lowered their price objective on shares of CarGurus from $40.00 to $37.00 and set a "neutral" rating for the company in a research note on Thursday, July 3rd. Finally, JMP Securities reissued a "market perform" rating and issued a $38.00 price objective on shares of CarGurus in a research note on Wednesday, July 2nd. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $38.13.

CarGurus Stock Performance

CARG stock opened at $34.12 on Wednesday. The company's 50 day moving average price is $32.85 and its 200 day moving average price is $31.58. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $41.33. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.62 and a beta of 1.42.

CarGurus (NASDAQ:CARG - Get Free Report) last posted its earnings results 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. The firm had revenue of $234.03 million during the quarter, compared to analysts' expectations of $232.29 million. CarGurus had a return on equity of 36.23% and a net margin of 14.12%.The firm's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. Equities analysts forecast that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Insider Activity

In related news, insider Ismail Elshareef sold 1,325 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $35.00, for a total transaction of $46,375.00. Following the completion of the sale, the insider owned 104,322 shares in the company, valued at $3,651,270. The trade was a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Matthew Todd Quinn sold 3,789 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $33.09, for a total value of $125,378.01. Following the sale, the chief technology officer owned 216,877 shares of the company's stock, valued at approximately $7,176,459.93. The trade was a 1.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,049 shares of company stock valued at $1,616,397 over the last 90 days. Insiders own 17.20% of the company's stock.

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.

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