CarGurus, Inc. $CARG Shares Acquired by Maverick Capital Ltd.

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. increased its holdings in CarGurus, Inc. (NASDAQ:CARG - Free Report) by 109.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CARG. Hsbc Holdings PLC lifted its stake in CarGurus by 119.6% in the fourth quarter. Hsbc Holdings PLC now owns 23,168 shares of the company's stock worth $858,000 after acquiring an additional 12,619 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in CarGurus by 14.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 66,420 shares of the company's stock worth $2,427,000 after acquiring an additional 8,255 shares during the period. Northern Trust Corp lifted its stake in CarGurus by 5.5% in the fourth quarter. Northern Trust Corp now owns 942,535 shares of the company's stock worth $34,440,000 after acquiring an additional 49,511 shares during the period. Lido Advisors LLC purchased a new stake in CarGurus in the fourth quarter worth about $276,000. Finally, Freestone Grove Partners LP purchased a new stake in CarGurus in the fourth quarter worth about $204,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CARG shares. UBS Group upped their price objective on shares of CarGurus from $33.00 to $36.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Royal Bank Of Canada reissued an "outperform" rating and set a $42.00 price target on shares of CarGurus in a research report on Monday, May 12th. Oppenheimer decreased their price target on shares of CarGurus from $42.00 to $40.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Citizens Jmp lowered shares of CarGurus from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 2nd. Finally, Wall Street Zen lowered shares of CarGurus from a "strong-buy" rating to a "buy" rating in a research report on Friday. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, CarGurus currently has an average rating of "Hold" and an average target price of $38.13.

Insider Buying and Selling

In related news, CEO Zachary Emerson Hallowell sold 4,369 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $33.09, for a total value of $144,570.21. Following the transaction, the chief executive officer owned 121,584 shares in the company, valued at approximately $4,023,214.56. This represents a 3.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Samuel Zales sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $33.88, for a total transaction of $338,800.00. Following the completion of the transaction, the chief operating officer owned 461,821 shares in the company, valued at approximately $15,646,495.48. This trade represents a 2.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,538 shares of company stock worth $1,067,077 in the last quarter. 16.99% of the stock is currently owned by corporate insiders.

CarGurus Stock Down 0.1%

Shares of CARG traded down $0.02 during mid-day trading on Friday, hitting $36.16. 909,426 shares of the company traded hands, compared to its average volume of 1,150,291. CarGurus, Inc. has a 1-year low of $24.65 and a 1-year high of $41.33. The company has a market capitalization of $3.59 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 1.72 and a beta of 1.54. The business has a 50 day moving average of $33.26 and a 200 day moving average of $31.38.

CarGurus (NASDAQ:CARG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.57 earnings per share (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 firm had revenue of $234.03 million for the quarter, compared to the consensus estimate of $232.29 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. As a group, research analysts expect that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

CarGurus 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.