Robeco Institutional Asset Management B.V. Acquires 167,921 Shares of CarGurus, Inc. $CARG

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in CarGurus, Inc. by 220.7%, acquiring an additional 167,921 shares, bringing their total ownership to approximately 0.23%, valued at $8,167,000.
• Insider transactions show that both the CEO and COO sold shares recently, with the CEO selling 1,733 shares and the COO selling 10,000 shares, indicating a decrease in their holdings.
• CarGurus reported earnings of $0.57 per share for the last quarter, beating analyst expectations, with a revenue of $234.03 million, a 7% increase compared to the same quarter last year.

Robeco Institutional Asset Management B.V. grew its position in CarGurus, Inc. (NASDAQ:CARG - Free Report) by 220.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 244,016 shares of the company's stock after purchasing an additional 167,921 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.23% of CarGurus worth $8,167,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of CarGurus by 3,844.1% in the first quarter. GAMMA Investing LLC now owns 122,229 shares of the company's stock valued at $3,561,000 after purchasing an additional 119,130 shares during the last quarter. Rhumbline Advisers grew its holdings in CarGurus by 0.6% in the 1st quarter. Rhumbline Advisers now owns 236,783 shares of the company's stock valued at $6,897,000 after buying an additional 1,496 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in CarGurus by 30.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 18,128 shares of the company's stock worth $528,000 after buying an additional 4,190 shares during the period. Blue Trust Inc. increased its position in CarGurus by 49.8% in the 1st quarter. Blue Trust Inc. now owns 2,494 shares of the company's stock worth $73,000 after buying an additional 829 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of CarGurus by 237,430.8% in the first quarter. Bessemer Group Inc. now owns 731,595 shares of the company's stock valued at $21,312,000 after acquiring an additional 731,287 shares during the period. Institutional investors own 86.90% of the company's stock.

Insider Transactions at CarGurus

In related news, CEO Zachary Emerson Hallowell sold 1,733 shares of the stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $33.84, for a total value of $58,644.72. Following the sale, the chief executive officer directly owned 117,045 shares in the company, valued at $3,960,802.80. This trade represents a 1.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Samuel Zales sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $33.88, for a total transaction of $338,800.00. Following the transaction, the chief operating officer owned 461,821 shares of the company's stock, valued at approximately $15,646,495.48. This represents a 2.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,210 shares of company stock valued at $1,388,736. 17.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on CARG. Weiss Ratings reiterated a "hold (c)" rating on shares of CarGurus in a research note on Saturday, September 27th. UBS Group raised their price objective on CarGurus from $33.00 to $36.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Citizens Jmp cut CarGurus from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 2nd. Oppenheimer reduced their target price on CarGurus from $42.00 to $40.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Finally, Needham & Company LLC lifted their price target on shares of CarGurus from $39.00 to $44.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, CarGurus has a consensus rating of "Hold" and an average price target of $38.46.

CarGurus Stock Performance

Shares of CARG opened at $37.88 on Monday. The business's fifty day moving average price is $34.54 and its two-hundred day moving average price is $32.11. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 1.80 and a beta of 1.52. CarGurus, Inc. has a 52 week low of $24.65 and a 52 week high of $41.33.

CarGurus (NASDAQ:CARG - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $234.03 million for the quarter, compared to analyst estimates of $232.29 million. CarGurus had a return on equity of 36.23% and a net margin of 14.12%.The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior 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, research analysts forecast that CarGurus, Inc. will post 1.41 EPS for the current year.

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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