Wellington Management Group LLP Has $234.56 Million Stake in CarGurus, Inc. $CARG

Key Points

• Wellington Management Group LLP has increased its holdings in CarGurus, Inc. by 12.7%, acquiring an additional 906,830 shares, bringing its total ownership to 8,052,180 shares valued at approximately $234.56 million.
• Several institutional investors have also adjusted their stakes in CarGurus, with 86.90% of the stock now owned by institutional entities.
• CarGurus reported earnings of $0.57 per share for the last quarter, beating estimates, and has set Q3 2025 EPS guidance between $0.500 and $0.580.

Wellington Management Group LLP boosted its holdings in CarGurus, Inc. (NASDAQ:CARG - Free Report) by 12.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,052,180 shares of the company's stock after purchasing an additional 906,830 shares during the quarter. Wellington Management Group LLP owned 7.71% of CarGurus worth $234,560,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. raised its stake in CarGurus by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 482,484 shares of the company's stock worth $14,055,000 after purchasing an additional 10,787 shares in the last quarter. Vanguard Group Inc. raised its stake in CarGurus by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 9,780,608 shares of the company's stock worth $284,909,000 after purchasing an additional 93,722 shares in the last quarter. GAMMA Investing LLC raised its stake in CarGurus by 35.4% in the 1st quarter. GAMMA Investing LLC now owns 4,196 shares of the company's stock worth $122,000 after purchasing an additional 1,097 shares in the last quarter. Bosman Wealth Management LLC acquired a new stake in CarGurus in the 1st quarter worth about $2,638,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in CarGurus in the 1st quarter worth about $468,000. Institutional investors and hedge funds own 86.90% of the company's stock.

Insider Activity

In other CarGurus news, General Counsel Javier Zamora sold 6,154 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $35.00, for a total transaction of $215,390.00. Following the sale, the general counsel directly owned 92,807 shares of the company's stock, valued at $3,248,245. The trade was a 6.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Zachary Emerson Hallowell sold 1,733 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.84, for a total transaction 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. The trade was a 1.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,049 shares of company stock worth $1,616,397. Company insiders own 16.99% of the company's stock.

CarGurus Stock Performance

Shares of CarGurus stock traded up $0.48 during midday trading on Monday, hitting $34.66. 406,904 shares of the company traded hands, compared to its average volume of 1,047,545. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 1.62 and a beta of 1.42. The firm's fifty day moving average price is $32.73 and its 200-day moving average price is $31.60. CarGurus, Inc. has a 12 month low of $24.65 and a 12 month high of $41.33.

CarGurus (NASDAQ:CARG - Get Free Report) last announced 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. CarGurus had a net margin of 14.12% and a return on equity of 36.23%. The company had revenue of $234.03 million for the quarter, compared to analyst estimates of $232.29 million. During the same period in the previous year, the firm posted $0.41 EPS. The firm's revenue was up 7.0% on a year-over-year basis. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. Equities research analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Analyst Ratings Changes

CARG has been the subject of several analyst reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $42.00 price objective on shares of CarGurus in a research note on Monday, May 12th. Oppenheimer decreased their target price 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. Citizens Jmp lowered shares of CarGurus from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 2nd. JMP Securities reissued a "market perform" rating and issued 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 report on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, CarGurus presently 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.