Mount Capital Ltd Makes New Investment in CarGurus, Inc. $CARG

Key Points

• Mount Capital Ltd acquired 524,200 shares of CarGurus, Inc., valued at approximately $15.27 million, making it the firm's 8th largest position.
• Several large investors, including US Bancorp DE and Signaturefd LLC, made notable increases in their stakes in CarGurus during the first quarter.
• The stock has a consensus rating of "Hold" from analysts, with a target price averaging around $38.13, following its recent positive earnings report.

Mount Capital Ltd bought a new position in shares of CarGurus, Inc. (NASDAQ:CARG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 524,200 shares of the company's stock, valued at approximately $15,270,000. CarGurus makes up 4.9% of Mount Capital Ltd's portfolio, making the stock its 8th largest position. Mount Capital Ltd owned 0.50% of CarGurus at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of CarGurus during the first quarter worth $46,000. Signaturefd LLC lifted its position in shares of CarGurus by 83.9% during the first quarter. Signaturefd LLC now owns 1,751 shares of the company's stock worth $51,000 after acquiring an additional 799 shares in the last quarter. Blue Trust Inc. lifted its position in shares of CarGurus by 49.8% during the first quarter. Blue Trust Inc. now owns 2,494 shares of the company's stock worth $73,000 after acquiring an additional 829 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of CarGurus by 695.4% during the first 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 in the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in shares of CarGurus during the first quarter worth $76,000. Hedge funds and other institutional investors own 86.90% of the company's stock.

CarGurus Trading Up 3.1%

Shares of NASDAQ:CARG traded up $1.09 on Thursday, reaching $36.49. 262,743 shares of the company traded hands, compared to its average volume of 1,048,748. The business's 50-day simple moving average is $33.38 and its 200 day simple moving average is $31.38. CarGurus, Inc. has a 52 week low of $24.65 and a 52 week high of $41.33. The stock has a market capitalization of $3.62 billion, a P/E ratio of 29.60, a price-to-earnings-growth ratio of 1.70 and a beta of 1.54.

CarGurus (NASDAQ:CARG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. The firm 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 company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.41 earnings per share. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. Sell-side analysts expect that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CARG has been the topic of several recent research reports. Citizens Jmp downgraded CarGurus from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 2nd. UBS Group upped their price target on shares of CarGurus from $33.00 to $36.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Citigroup decreased their price target on shares of CarGurus from $40.00 to $37.00 and set a "neutral" rating on the stock in a report on Thursday, July 3rd. Oppenheimer decreased their price target on shares of CarGurus from $42.00 to $40.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Finally, Needham & Company LLC upped their price target on shares of CarGurus from $39.00 to $44.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $38.46.

Insider Activity at CarGurus

In other news, COO Samuel Zales sold 10,000 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $33.88, for a total transaction of $338,800.00. Following the completion of the sale, the chief operating officer directly owned 461,821 shares in the company, valued at approximately $15,646,495.48. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Matthew Todd Quinn sold 3,789 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $33.09, for a total transaction 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. This represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,538 shares of company stock valued at $1,067,077 in the last quarter. 16.99% of the stock is currently owned by company insiders.

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.