Strs Ohio Takes $877,000 Position in CarGurus, Inc. $CARG

Strs Ohio bought a new position in CarGurus, Inc. (NASDAQ:CARG) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 30,100 shares of the company’s stock, valued at approximately $877,000.

Other institutional investors have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in CarGurus in the 1st quarter worth $46,000. Signaturefd LLC raised its holdings in CarGurus by 83.9% in the 1st quarter. Signaturefd LLC now owns 1,751 shares of the company’s stock worth $51,000 after acquiring an additional 799 shares during the period. Blue Trust Inc. raised its holdings in CarGurus by 49.8% in the 1st quarter. Blue Trust Inc. now owns 2,494 shares of the company’s stock worth $73,000 after acquiring an additional 829 shares during the period. Versant Capital Management Inc raised its holdings in CarGurus by 695.4% in the 1st quarter. Versant Capital Management Inc now owns 2,593 shares of the company’s stock worth $76,000 after acquiring an additional 2,267 shares during the period. Finally, Bayforest Capital Ltd bought a new position in CarGurus in the 1st quarter worth $76,000. Institutional investors own 86.90% of the company’s stock.

CarGurus Trading Up 2.2%

Shares of NASDAQ CARG opened at $37.57 on Friday. CarGurus, Inc. has a 1-year low of $24.65 and a 1-year high of $41.33. The company has a market cap of $3.73 billion, a PE ratio of 30.54, a P/E/G ratio of 1.74 and a beta of 1.54. The company has a 50-day moving average of $33.69 and a two-hundred day moving average of $31.59.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, August 7th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $234.03 million during the quarter, compared to the consensus estimate of $232.29 million. CarGurus had a net margin of 14.12% and a return on equity of 36.23%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. As a group, equities research analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Insider Buying and Selling at CarGurus

In other CarGurus news, CMO Dafna Sarnoff sold 4,168 shares of the company’s stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $33.09, for a total transaction of $137,919.12. Following the sale, the chief marketing officer directly owned 115,183 shares of the company’s stock, valued at approximately $3,811,405.47. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Samuel Zales sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $36.08, for a total transaction of $360,800.00. Following the sale, the chief operating officer directly owned 441,821 shares in the company, valued at $15,940,901.68. This trade represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,538 shares of company stock valued at $1,427,877 in the last three months. 16.99% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on CARG shares. Needham & Company LLC raised their price target on shares of CarGurus from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Wall Street Zen lowered shares of CarGurus from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. Gordon Haskett started coverage on shares of CarGurus in a research report on Monday, July 14th. They issued a “hold” rating and a $35.00 price target on the stock. BTIG Research restated a “buy” rating and issued a $39.00 price target on shares of CarGurus in a research report on Friday, September 5th. Finally, UBS Group raised their price target on shares of CarGurus from $33.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.