CarGurus, Inc. $CARG Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its holdings in shares of CarGurus, Inc. (NASDAQ:CARG) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,374 shares of the company’s stock after purchasing an additional 1,641 shares during the quarter. State of Alaska Department of Revenue’s holdings in CarGurus were worth $1,685,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew 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. Wellington Management Group LLP lifted its holdings in CarGurus by 12.7% during the 1st quarter. Wellington Management Group LLP now owns 8,052,180 shares of the company’s stock worth $234,560,000 after buying an additional 906,830 shares during the last quarter. Invesco Ltd. lifted its holdings in CarGurus by 340.5% during the 1st quarter. Invesco Ltd. now owns 1,606,869 shares of the company’s stock worth $46,808,000 after buying an additional 1,242,076 shares during the last quarter. Prevatt Capital Ltd lifted its holdings in CarGurus by 3.7% during the 1st quarter. Prevatt Capital Ltd now owns 1,400,000 shares of the company’s stock worth $40,782,000 after buying an additional 50,000 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in CarGurus by 547.9% during the 1st quarter. American Century Companies Inc. now owns 1,398,341 shares of the company’s stock worth $40,734,000 after buying an additional 1,182,499 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Transactions at CarGurus

In other CarGurus news, General Counsel Javier Zamora sold 6,154 shares of the company’s stock in a transaction that occurred on 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 transaction, the general counsel owned 92,807 shares of the company’s stock, valued at $3,248,245. This represents a 6.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jennifer Ladd Hanson sold 9,998 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $36.88, for a total value of $368,726.24. Following the completion of the transaction, the insider directly owned 54,807 shares of the company’s stock, valued at approximately $2,021,282.16. This trade represents a 15.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,210 shares of company stock worth $1,388,736. 16.99% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on CARG shares. Citizens Jmp downgraded CarGurus from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 2nd. UBS Group increased their target price on CarGurus from $33.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Oppenheimer reduced their target price on CarGurus from $42.00 to $40.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Gordon Haskett initiated coverage on CarGurus in a report on Monday, July 14th. They set a “hold” rating and a $35.00 target price on the stock. Finally, JMP Securities reissued a “market perform” rating and issued a $38.00 price target on shares of CarGurus in a report on Wednesday, July 2nd. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $38.46.

CarGurus Stock Performance

NASDAQ CARG opened at $37.88 on Friday. CarGurus, Inc. has a twelve month low of $24.65 and a twelve month high of $41.33. The stock has a market capitalization of $3.76 billion, a PE ratio of 30.80, a P/E/G ratio of 1.81 and a beta of 1.52. The stock has a 50-day simple moving average of $34.54 and a 200 day simple moving average of $32.08.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. The business had revenue of $234.03 million during the quarter, compared to analysts’ expectations of $232.29 million. CarGurus had a return on equity of 36.23% and a net margin of 14.12%.The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. 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 EPS for the current fiscal year.

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.