CarGurus, Inc. $CARG Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its holdings in CarGurus, Inc. (NASDAQ:CARG) by 19.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,522 shares of the company’s stock after purchasing an additional 2,674 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in CarGurus were worth $553,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. grew 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 acquiring an additional 1,242,076 shares in the last quarter. American Century Companies Inc. grew 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 acquiring an additional 1,182,499 shares in the last quarter. Wellington Management Group LLP grew 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 acquiring an additional 906,830 shares in the last quarter. Boston Partners grew its holdings in CarGurus by 1,641.2% during the 1st quarter. Boston Partners now owns 878,556 shares of the company’s stock worth $25,363,000 after acquiring an additional 828,099 shares in the last quarter. Finally, Nuveen LLC acquired a new position in CarGurus during the 1st quarter worth approximately $21,884,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

CarGurus Price Performance

CARG stock opened at $36.02 on Wednesday. The company has a fifty day moving average price of $35.34 and a 200 day moving average price of $32.55. 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 $3.58 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 1.70 and a beta of 1.52.

CarGurus (NASDAQ:CARG) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.57 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 firm had revenue of $234.03 million during the quarter, compared to the consensus estimate of $232.29 million. During the same quarter in the prior year, the firm earned $0.41 EPS. CarGurus’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. As a group, analysts anticipate that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Insider Buying and Selling at CarGurus

In other CarGurus news, insider Jennifer Ladd Hanson sold 9,998 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $36.88, for a total transaction of $368,726.24. Following the completion of the transaction, the insider owned 54,807 shares in the company, valued at approximately $2,021,282.16. This represents a 15.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Samuel Zales sold 10,000 shares of the company’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $34.92, for a total transaction of $349,200.00. Following the transaction, the chief operating officer owned 420,259 shares of the company’s stock, valued at approximately $14,675,444.28. The trade was a 2.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,998 shares of company stock valued at $1,078,726. 17.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CARG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of CarGurus in a report on Wednesday, October 8th. Wall Street Zen cut shares of CarGurus from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. BTIG Research reiterated a “buy” rating and set a $39.00 price target on shares of CarGurus in a report on Friday, September 5th. JPMorgan Chase & Co. boosted their price target on shares of CarGurus from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Finally, Citigroup reduced their price objective on shares of CarGurus from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, July 3rd. Five research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.68.

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.