Intech Investment Management LLC Purchases 22,425 Shares of CarGurus, Inc. $CARG

Intech Investment Management LLC raised its position in shares of CarGurus, Inc. (NASDAQ:CARG) by 50.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,246 shares of the company’s stock after purchasing an additional 22,425 shares during the quarter. Intech Investment Management LLC owned 0.06% of CarGurus worth $1,959,000 at the end of the most recent quarter.

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

CarGurus Trading Up 0.2%

Shares of NASDAQ CARG opened at $36.28 on Wednesday. The firm has a 50 day moving average of $33.59 and a 200 day moving average of $31.52. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 29.50, a price-to-earnings-growth ratio of 1.72 and a beta of 1.54. CarGurus, Inc. has a 12-month low of $24.65 and a 12-month high of $41.33.

CarGurus (NASDAQ:CARG) last announced its 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 during the quarter, compared to analyst estimates of $232.29 million. During the same period in the previous year, the business posted $0.41 earnings per share. The firm’s quarterly 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. Sell-side analysts predict that CarGurus, Inc. will post 1.41 EPS for the current year.

Insider Buying and Selling at CarGurus

In other CarGurus news, COO Samuel Zales sold 10,000 shares of CarGurus 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 transaction, the chief operating officer owned 461,821 shares of the company’s stock, valued at $15,646,495.48. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Javier Zamora sold 6,154 shares of CarGurus 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 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,538 shares of company stock valued at $1,067,077. 17.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CARG. BTIG Research reiterated a “buy” rating and issued a $39.00 price target on shares of CarGurus in a research note on Friday, September 5th. Citizens Jmp lowered shares of CarGurus from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 2nd. Needham & Company LLC lifted their price target on shares of CarGurus from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Citigroup reduced their price target on shares of CarGurus from $40.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, July 3rd. Finally, Oppenheimer reduced their price target on shares of CarGurus from $42.00 to $40.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, CarGurus currently has an average rating of “Hold” and a consensus target price of $38.46.

CarGurus 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.