Teacher Retirement System of Texas Has $1.56 Million Holdings in CarGurus, Inc. $CARG

Teacher Retirement System of Texas reduced its stake in shares of CarGurus, Inc. (NASDAQ:CARG) by 16.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,720 shares of the company’s stock after selling 9,129 shares during the quarter. Teacher Retirement System of Texas’ holdings in CarGurus were worth $1,564,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Private Wealth Asset Management LLC acquired a new position in CarGurus during the 2nd quarter valued at $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in CarGurus in the 1st quarter valued at approximately $46,000. Fifth Third Bancorp raised its holdings in CarGurus by 121.7% in the 2nd quarter. Fifth Third Bancorp now owns 1,419 shares of the company’s stock valued at $47,000 after acquiring an additional 779 shares in the last quarter. Signaturefd LLC raised its holdings in CarGurus by 83.9% in the 1st quarter. Signaturefd LLC now owns 1,751 shares of the company’s stock valued at $51,000 after acquiring an additional 799 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new position in CarGurus in the 1st quarter valued at approximately $76,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CarGurus

In related news, insider Jennifer Ladd Hanson sold 9,998 shares of the firm’s 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 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Samuel Zales sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $36.08, for a total value of $360,800.00. Following the sale, the chief operating officer directly owned 441,821 shares of the company’s stock, valued at $15,940,901.68. This represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 41,226 shares of company stock valued at $1,471,482. Corporate insiders own 17.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CARG. JPMorgan Chase & Co. upped their price target on CarGurus from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Oppenheimer cut their price target on CarGurus from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CarGurus in a report on Wednesday, October 8th. Citigroup upped their price target on CarGurus from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Finally, Gordon Haskett initiated coverage on shares of CarGurus in a research report on Monday, July 14th. They issued a “hold” rating and a $35.00 price target for the company. Five investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.05.

CarGurus Trading Down 3.2%

Shares of CARG opened at $33.98 on Wednesday. CarGurus, Inc. has a 1 year low of $24.65 and a 1 year high of $41.33. The stock has a 50 day simple moving average of $35.86 and a 200-day simple moving average of $33.24. The stock has a market cap of $3.37 billion, a PE ratio of 27.63, a PEG ratio of 1.67 and a beta of 1.50.

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 analysts’ expectations of $232.29 million. During the same period in the prior year, the firm posted $0.41 EPS. CarGurus’s quarterly 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. On average, sell-side analysts forecast 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.