Mutual of America Capital Management LLC Sells 1,936 Shares of CarGurus, Inc. $CARG

Mutual of America Capital Management LLC lowered its stake in shares of CarGurus, Inc. (NASDAQ:CARG) by 15.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,872 shares of the company’s stock after selling 1,936 shares during the period. Mutual of America Capital Management LLC’s holdings in CarGurus were worth $364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in CarGurus during the 2nd quarter valued at about $2,501,000. Nordea Investment Management AB lifted its stake in shares of CarGurus by 6.7% in the 2nd quarter. Nordea Investment Management AB now owns 336,930 shares of the company’s stock worth $11,247,000 after purchasing an additional 21,167 shares during the period. Praxis Investment Management Inc. bought a new position in shares of CarGurus in the 2nd quarter worth approximately $207,000. Allianz Asset Management GmbH lifted its stake in shares of CarGurus by 1,807.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 137,365 shares of the company’s stock worth $4,598,000 after purchasing an additional 130,165 shares during the period. Finally, Private Wealth Asset Management LLC bought a new position in shares of CarGurus in the 2nd quarter worth approximately $29,000. Institutional investors own 86.90% of the company’s stock.

CarGurus Trading Down 0.8%

NASDAQ CARG opened at $35.49 on Wednesday. CarGurus, Inc. has a 12 month low of $24.65 and a 12 month high of $41.33. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 1.69 and a beta of 1.52. The company’s 50 day moving average is $35.73 and its two-hundred day moving average is $32.93.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, August 7th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $232.29 million. During the same quarter last year, the business earned $0.41 EPS. The firm’s 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 forecast that CarGurus, Inc. will post 1.41 EPS for the current year.

Insider Buying and Selling

In other CarGurus news, insider Jennifer Ladd Hanson sold 9,998 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 54,807 shares of the company’s stock, valued at $2,021,282.16. This trade represents a 15.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Samuel Zales sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $34.92, for a total transaction of $349,200.00. Following the sale, the chief operating officer directly owned 420,259 shares of the company’s stock, valued at approximately $14,675,444.28. This trade represents a 2.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 29,998 shares of company stock valued at $1,078,726. Insiders own 17.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CARG shares. Citigroup increased their price objective on shares of CarGurus from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday. Zacks Research cut shares of CarGurus from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Wall Street Zen cut shares of CarGurus from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. UBS Group increased their price objective on shares of CarGurus from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Finally, JMP Securities restated a “market perform” rating and set a $38.00 target price on shares of CarGurus in a research note on Wednesday, July 2nd. Five equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, CarGurus presently has an average rating of “Hold” and a consensus price target of $40.05.

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.