Cwm LLC Raises Stake in CarGurus, Inc. $CARG

Cwm LLC boosted its position in CarGurus, Inc. (NASDAQ:CARG) by 37.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,692 shares of the company’s stock after buying an additional 1,008 shares during the period. Cwm LLC’s holdings in CarGurus were worth $124,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC boosted its position in CarGurus by 19.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,522 shares of the company’s stock worth $553,000 after purchasing an additional 2,674 shares in the last quarter. Blue Trust Inc. boosted its position in CarGurus by 46.4% in the 2nd quarter. Blue Trust Inc. now owns 3,651 shares of the company’s stock worth $122,000 after purchasing an additional 1,157 shares in the last quarter. KLP Kapitalforvaltning AS boosted its position in CarGurus by 6.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 27,300 shares of the company’s stock worth $914,000 after purchasing an additional 1,600 shares in the last quarter. 111 Capital purchased a new stake in CarGurus in the 2nd quarter worth approximately $278,000. Finally, QRG Capital Management Inc. boosted its position in CarGurus by 4.3% in the 2nd quarter. QRG Capital Management Inc. now owns 8,116 shares of the company’s stock worth $272,000 after purchasing an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jennifer Ladd Hanson sold 9,998 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $36.88, for a total transaction of $368,726.24. Following the completion of the transaction, the insider directly owned 54,807 shares in the company, valued at approximately $2,021,282.16. This represents a 15.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Samuel Zales sold 10,000 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $36.08, for a total value of $360,800.00. Following the transaction, the chief operating officer owned 441,821 shares of the company’s stock, valued at approximately $15,940,901.68. This represents a 2.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 29,998 shares of company stock valued at $1,078,726. Company insiders own 16.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Oppenheimer lowered their price objective on CarGurus from $42.00 to $40.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. Needham & Company LLC upped their price objective on CarGurus from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Citigroup increased their target price on CarGurus from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday. UBS Group increased their target price on CarGurus from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. increased their target price on CarGurus from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Five 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 stock has an average rating of “Hold” and a consensus price target of $40.05.

CarGurus Stock Performance

NASDAQ CARG opened at $35.12 on Friday. The business has a fifty day moving average price of $35.84 and a 200 day moving average price of $33.04. CarGurus, Inc. has a one year low of $24.65 and a one year high of $41.33. The company has a market cap of $3.49 billion, a P/E ratio of 28.55, a P/E/G ratio of 1.61 and a beta of 1.52.

CarGurus (NASDAQ:CARG) last issued its earnings results on Thursday, August 7th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. CarGurus had a return on equity of 36.23% and a net margin of 14.12%.The business had revenue of $234.03 million during the quarter, compared to the consensus estimate of $232.29 million. During the same period last year, the company earned $0.41 EPS. The company’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, sell-side analysts predict that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

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.