CarGurus, Inc. $CARG Shares Sold by Deutsche Bank AG

Deutsche Bank AG decreased its holdings in shares of CarGurus, Inc. (NASDAQ:CARG) by 8.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,680 shares of the company’s stock after selling 7,830 shares during the period. Deutsche Bank AG owned approximately 0.08% of CarGurus worth $2,321,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of CarGurus by 2.3% during the first quarter. Principal Financial Group Inc. now owns 482,484 shares of the company’s stock worth $14,055,000 after buying an additional 10,787 shares during the period. GAMMA Investing LLC raised its holdings in CarGurus by 35.4% during the first 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 purchased a new position in CarGurus during the first quarter worth about $2,638,000. Jupiter Asset Management Ltd. purchased a new position in CarGurus during the first quarter worth about $468,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in CarGurus by 30.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 198,796 shares of the company’s stock worth $7,264,000 after purchasing an additional 46,298 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

CarGurus Trading Down 2.2%

CARG stock opened at $31.74 on Thursday. The firm has a 50 day moving average of $32.67 and a 200-day moving average of $31.79. CarGurus, Inc. has a 12-month low of $24.65 and a 12-month high of $41.33. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.54 and a beta of 1.42.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $232.29 million. During the same period last year, the firm earned $0.41 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. Sell-side analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.

Insider Buying and Selling at CarGurus

In other news, COO Samuel Zales sold 10,000 shares of the firm’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 completion of the transaction, 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 document filed with the SEC, which is available at this hyperlink. Also, CEO Zachary Emerson Hallowell sold 4,369 shares of the firm’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $33.09, for a total transaction of $144,570.21. Following the transaction, the chief executive officer directly owned 121,584 shares of the company’s stock, valued at approximately $4,023,214.56. This trade represents a 3.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,049 shares of company stock worth $1,616,397. 16.99% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on CARG. Oppenheimer cut their price target on shares of CarGurus from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Citizens Jmp cut shares of CarGurus from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 2nd. Needham & Company LLC increased their price target on shares of CarGurus from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Citigroup cut their price target on shares of CarGurus from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Thursday, July 3rd. Finally, Gordon Haskett assumed coverage on shares of CarGurus in a research report on Monday, July 14th. They set a “hold” rating and a $35.00 price target for the company. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $38.13.

About CarGurus

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.