Vident Advisory LLC Buys 113,819 Shares of CarGurus, Inc. $CARG

Key Points

• Vident Advisory LLC increased its stake in CarGurus, Inc. by 557.1%, owning 134,250 shares valued at approximately $3.91 million.
• CarGurus reported $0.57 earnings per share, exceeding analysts’ estimates of $0.54, with a revenue of $234.03 million for the recent quarter.
• Institutional investors own 86.90% of CarGurus' stock, showcasing strong institutional interest in the company.

Vident Advisory LLC grew its holdings in CarGurus, Inc. (NASDAQ:CARG - Free Report) by 557.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 134,250 shares of the company's stock after acquiring an additional 113,819 shares during the quarter. Vident Advisory LLC owned 0.13% of CarGurus worth $3,911,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of CarGurus in the first quarter valued at about $46,000. Signaturefd LLC lifted its stake in shares of 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 buying an additional 799 shares in the last quarter. Blue Trust Inc. boosted its stake in CarGurus by 49.8% during the 1st 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 last quarter. Versant Capital Management Inc boosted its stake in CarGurus by 695.4% during the 1st 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 last quarter. Finally, NewEdge Advisors LLC grew its holdings in CarGurus by 25.0% during the fourth quarter. NewEdge Advisors LLC now owns 2,716 shares of the company's stock worth $99,000 after buying an additional 543 shares in the last quarter. Institutional investors own 86.90% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JMP Securities reissued a "market perform" rating and set a $38.00 price target on shares of CarGurus in a research report on Wednesday, July 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $42.00 price target on shares of CarGurus in a research report on Monday, May 12th. UBS Group lifted their price objective on CarGurus from $33.00 to $36.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Oppenheimer cut their target price 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. Finally, Gordon Haskett began coverage on shares of CarGurus in a research note on Monday, July 14th. They issued a "hold" rating and a $35.00 target price for the company. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $38.13.

Insider Buying and Selling

In other CarGurus news, COO Samuel Zales sold 10,000 shares of the 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 completion of the sale, the chief operating officer directly owned 461,821 shares of the company's stock, valued at $15,646,495.48. This trade represents a 2.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Javier Zamora sold 6,154 shares of the business's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $35.00, for a total value of $215,390.00. Following the completion of the sale, the general counsel 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. Insiders have sold a total of 31,538 shares of company stock valued at $1,067,077 over the last ninety days. 16.99% of the stock is owned by insiders.

CarGurus Trading Up 1.7%

NASDAQ CARG traded up $0.60 on Wednesday, hitting $35.38. The company's stock had a trading volume of 1,070,271 shares, compared to its average volume of 1,056,265. CarGurus, Inc. has a 52-week low of $24.65 and a 52-week high of $41.33. The company's 50-day simple moving average is $33.07 and its 200 day simple moving average is $31.40. The firm has a market cap of $3.51 billion, a P/E ratio of 28.76, a PEG ratio of 1.64 and a beta of 1.54.

CarGurus (NASDAQ:CARG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.03. The business had revenue of $234.03 million during 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 company's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. On average, research 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.