Signaturefd LLC Sells 477 Shares of CarGurus, Inc. $CARG

Signaturefd LLC lowered its position in shares of CarGurus, Inc. (NASDAQ:CARG) by 27.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,274 shares of the company’s stock after selling 477 shares during the period. Signaturefd LLC’s holdings in CarGurus were worth $43,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE grew its position in CarGurus by 14.6% during the 1st quarter. US Bancorp DE now owns 3,733 shares of the company’s stock worth $109,000 after acquiring an additional 475 shares during the last quarter. Fifth Third Bancorp grew its position in CarGurus by 121.7% during the 2nd quarter. Fifth Third Bancorp now owns 1,419 shares of the company’s stock worth $47,000 after acquiring an additional 779 shares during the last quarter. Blue Trust Inc. grew its position in CarGurus by 49.8% during 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 last quarter. GAMMA Investing LLC grew its position in CarGurus by 35.4% during the 1st quarter. GAMMA Investing LLC now owns 4,196 shares of the company’s stock worth $122,000 after acquiring an additional 1,097 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in CarGurus by 0.6% during the 1st quarter. Rhumbline Advisers now owns 236,783 shares of the company’s stock worth $6,897,000 after buying an additional 1,496 shares during the period. Institutional investors own 86.90% of the company’s stock.

Insiders Place Their Bets

In related news, insider Ismail Elshareef sold 1,325 shares of the business’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $35.00, for a total value of $46,375.00. Following the completion of the sale, the insider directly owned 104,322 shares of the company’s stock, valued at $3,651,270. The trade was a 1.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jennifer Ladd Hanson sold 9,998 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 54,807 shares of the company’s stock, valued at $2,021,282.16. The trade was a 15.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,210 shares of company stock worth $1,388,736 over the last three months. Insiders own 16.99% of the company’s stock.

Wall Street Analyst Weigh In

CARG has been the topic of several recent research reports. UBS Group lifted their target price on CarGurus from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday. Oppenheimer cut 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. Needham & Company LLC lifted their target price on CarGurus from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Citizens Jmp downgraded CarGurus from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen downgraded CarGurus from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $38.79.

CarGurus Price Performance

Shares of NASDAQ:CARG opened at $36.24 on Tuesday. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 1.80 and a beta of 1.52. The business’s 50-day moving average is $34.59 and its 200-day moving average is $32.15. CarGurus, Inc. has a 1 year low of $24.65 and a 1 year high of $41.33.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data 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. The company had revenue of $234.03 million for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $0.41 EPS. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. Analysts anticipate that CarGurus, Inc. will post 1.41 EPS for the current year.

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.