Trexquant Investment LP Grows Holdings in CarGurus, Inc. $CARG

Key Points

• Trexquant Investment LP increased its stake in CarGurus, Inc. by 9.7% in Q1, owning a total of 316,377 shares valued at approximately $9.2 million.
• CarGurus reported a Q2 EPS of $0.57, exceeding expectations, with revenue of $234.03 million, a 7% increase from the previous year.
• Analysts issued varied ratings and price targets for CarGurus, with a consensus target price of $38.13 and a mix of 'Buy' and 'Hold' ratings among the analysts.

Trexquant Investment LP lifted its holdings in shares of CarGurus, Inc. (NASDAQ:CARG - Free Report) by 9.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 316,377 shares of the company's stock after acquiring an additional 28,100 shares during the quarter. Trexquant Investment LP owned 0.30% of CarGurus worth $9,216,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of CarGurus by 1.0% in the first quarter. Vanguard Group Inc. now owns 9,780,608 shares of the company's stock worth $284,909,000 after buying an additional 93,722 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of CarGurus by 12.7% during the first quarter. Wellington Management Group LLP now owns 8,052,180 shares of the company's stock worth $234,560,000 after purchasing an additional 906,830 shares in the last quarter. Invesco Ltd. lifted its position in CarGurus by 340.5% during the first quarter. Invesco Ltd. now owns 1,606,869 shares of the company's stock valued at $46,808,000 after purchasing an additional 1,242,076 shares during the last quarter. American Century Companies Inc. grew its stake in CarGurus by 547.9% in the 1st quarter. American Century Companies Inc. now owns 1,398,341 shares of the company's stock worth $40,734,000 after buying an additional 1,182,499 shares in the last quarter. Finally, Prevatt Capital Ltd increased its holdings in shares of CarGurus by 9.8% in the 4th quarter. Prevatt Capital Ltd now owns 1,350,000 shares of the company's stock worth $49,329,000 after buying an additional 120,000 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CARG shares. Citigroup cut their target price 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. Royal Bank Of Canada restated an "outperform" rating and issued a $42.00 target price on shares of CarGurus in a research note on Monday, May 12th. Gordon Haskett assumed coverage on CarGurus in a research note on Monday, July 14th. They issued a "hold" rating and a $35.00 price target on the stock. JMP Securities restated a "market perform" rating and set a $38.00 target price on shares of CarGurus in a report on Wednesday, July 2nd. Finally, Needham & Company LLC raised their target price 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. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $38.13.

Insiders Place Their Bets

In related news, insider Ismail Elshareef sold 1,325 shares of the business's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $35.00, for a total value of $46,375.00. Following the completion of the transaction, the insider directly owned 104,322 shares in the company, valued at $3,651,270. The trade was a 1.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Javier Zamora sold 6,154 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $35.00, for a total transaction 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. This represents a 6.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,538 shares of company stock worth $1,067,077. Company insiders own 17.20% of the company's stock.

CarGurus Price Performance

Shares of CarGurus stock traded up $0.21 during trading hours on Thursday, reaching $35.59. The company's stock had a trading volume of 241,499 shares, compared to its average volume of 1,051,226. The firm has a 50 day moving average price of $33.13 and a 200-day moving average price of $31.43. The stock has a market cap of $3.53 billion, a P/E ratio of 28.95, a P/E/G ratio of 1.64 and a beta of 1.54. CarGurus, Inc. has a one year low of $24.65 and a one year high of $41.33.

CarGurus (NASDAQ:CARG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The company had revenue of $234.03 million for the quarter, compared to the consensus estimate of $232.29 million. CarGurus had a return on equity of 36.23% and a net margin of 14.12%.CarGurus's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 EPS. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. As a group, sell-side analysts forecast that CarGurus, Inc. will post 1.41 EPS for the current fiscal 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.