Vanguard Group Inc. Boosts Stake in CarGurus, Inc. $CARG

Key Points

• Vanguard Group Inc. increased its stake in CarGurus, Inc. by 1.0%, acquiring an additional 93,722 shares, bringing its total ownership to 9.37% valued at approximately $284.9 million.
• Multiple large investors have also added to their stakes in CarGurus, indicating strong institutional interest, with 86.90% of the stock owned by institutional investors.
• CarGurus reported a 7.0% increase in revenue year-over-year and achieved $0.57 EPS for the last quarter, surpassing analyst expectations.

Vanguard Group Inc. increased its stake in shares of CarGurus, Inc. (NASDAQ:CARG - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,780,608 shares of the company's stock after acquiring an additional 93,722 shares during the period. Vanguard Group Inc. owned about 9.37% of CarGurus worth $284,909,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CARG. GeoWealth Management LLC acquired a new stake in CarGurus in the fourth quarter valued at approximately $49,000. Signaturefd LLC grew its holdings in CarGurus by 83.9% in the first quarter. Signaturefd LLC now owns 1,751 shares of the company's stock valued at $51,000 after purchasing an additional 799 shares during the period. Blue Trust Inc. grew its holdings in CarGurus by 49.8% in the first quarter. Blue Trust Inc. now owns 2,494 shares of the company's stock valued at $73,000 after purchasing an additional 829 shares during the period. Versant Capital Management Inc grew its holdings in CarGurus by 695.4% in the first quarter. Versant Capital Management Inc now owns 2,593 shares of the company's stock valued at $76,000 after purchasing an additional 2,267 shares during the period. Finally, Bayforest Capital Ltd acquired a new stake in CarGurus in the first quarter valued at approximately $76,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other CarGurus news, CEO Zachary Emerson Hallowell sold 4,369 shares of CarGurus stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $33.09, for a total value of $144,570.21. Following the sale, the chief executive officer owned 121,584 shares in the company, valued at $4,023,214.56. The trade was a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Javier Esquivel Zamora sold 12,265 shares of CarGurus stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $31.37, for a total value of $384,753.05. Following the completion of the sale, the general counsel owned 102,723 shares in the company, valued at $3,222,420.51. This represents a 10.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,049 shares of company stock valued at $1,616,397 in the last 90 days. 16.99% of the stock is owned by insiders.

CarGurus Price Performance

CarGurus stock traded up $1.98 during trading on Friday, reaching $34.18. 1,713,529 shares of the company were exchanged, compared to its average volume of 1,084,050. CarGurus, Inc. has a 52-week low of $24.65 and a 52-week high of $41.33. The company has a market capitalization of $3.39 billion, a P/E ratio of 27.79, a PEG ratio of 1.53 and a beta of 1.42. The stock's 50 day simple moving average is $32.73 and its two-hundred day simple moving average is $31.71.

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, topping analysts' consensus estimates of $0.54 by $0.03. CarGurus had a return on equity of 36.23% and a net margin of 14.12%.The firm had revenue of $234.03 million for the quarter, compared to the consensus estimate of $232.29 million. During the same quarter last year, the business posted $0.41 earnings per share. The firm's revenue 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, equities analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Oppenheimer dropped their price objective on CarGurus from $42.00 to $40.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. UBS Group raised their target price on CarGurus from $33.00 to $36.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. JMP Securities restated a "market perform" rating and issued a $38.00 target price on shares of CarGurus in a research report on Wednesday, July 2nd. Gordon Haskett initiated coverage on CarGurus in a research report on Monday, July 14th. They issued a "hold" rating and a $35.00 target price on the stock. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $42.00 target price on shares of CarGurus in a research report on Monday, May 12th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $38.13.

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.