Maverick Capital Ltd. Acquires 11,450 Shares of CarGurus, Inc. $CARG

Key Points

• Maverick Capital Ltd. increased its position in CarGurus, Inc. by 109.4% in Q1, now holding 21,920 shares worth approximately $639,000.
• Invesco Ltd. and American Century Companies Inc. significantly boosted their holdings in CarGurus by 340.5% and 547.9% respectively during the same quarter.
• CarGurus reported an EPS of $0.57 for the latest quarter, surpassing analysts’ expectations, and projects earnings per share between 0.500-0.580 for Q3 2025.

Maverick Capital Ltd. raised its position in shares of CarGurus, Inc. (NASDAQ:CARG - Free Report) by 109.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,920 shares of the company's stock after acquiring an additional 11,450 shares during the quarter. Maverick Capital Ltd.'s holdings in CarGurus were worth $639,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of CarGurus by 2.3% during the first quarter. Principal Financial Group Inc. now owns 482,484 shares of the company's stock valued at $14,055,000 after purchasing an additional 10,787 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of CarGurus by 1.0% during the first quarter. Vanguard Group Inc. now owns 9,780,608 shares of the company's stock valued at $284,909,000 after purchasing an additional 93,722 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of CarGurus by 35.4% during the first quarter. GAMMA Investing LLC now owns 4,196 shares of the company's stock valued at $122,000 after purchasing an additional 1,097 shares during the last quarter. Bosman Wealth Management LLC purchased a new position in shares of CarGurus during the first quarter valued at approximately $2,638,000. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of CarGurus during the first quarter valued at approximately $468,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CarGurus news, CTO Matthew Todd Quinn sold 3,789 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $33.09, for a total value of $125,378.01. Following the transaction, the chief technology officer directly owned 216,877 shares of the company's stock, valued at approximately $7,176,459.93. This trade represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Javier Zamora sold 6,154 shares of the firm'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 transaction, the general counsel directly owned 92,807 shares in the company, valued at $3,248,245. The trade was a 6.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 31,538 shares of company stock valued at $1,067,077. 17.20% of the stock is currently owned by company insiders.

CarGurus Price Performance

Shares of CARG traded down $0.02 during trading hours on Friday, hitting $36.16. The stock had a trading volume of 909,426 shares, compared to its average volume of 1,095,386. The firm has a market capitalization of $3.59 billion, a PE ratio of 29.40, a PEG ratio of 1.71 and a beta of 1.54. CarGurus, Inc. has a 12 month low of $24.65 and a 12 month high of $41.33. The stock has a fifty day moving average price of $33.26 and a 200 day moving average price of $31.29.

CarGurus (NASDAQ:CARG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. The business had revenue of $234.03 million for 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 business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $0.41 earnings per share. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. As a group, analysts anticipate that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CARG has been the subject of several recent research reports. Gordon Haskett initiated coverage on shares of CarGurus in a report on Monday, July 14th. They set a "hold" rating and a $35.00 target price for the company. Oppenheimer lowered their target price on shares of CarGurus from $42.00 to $40.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Wall Street Zen cut shares of CarGurus from a "strong-buy" rating to a "buy" rating in a report on Friday. JMP Securities restated a "market perform" rating and issued a $38.00 price objective on shares of CarGurus in a report on Wednesday, July 2nd. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $42.00 price objective on shares of CarGurus in a report on Monday, May 12th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $38.13.

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.