CarGurus, Inc. $CARG Holdings Raised by Creative Planning

Creative Planning grew its position in CarGurus, Inc. (NASDAQ:CARG) by 23.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,427 shares of the company’s stock after buying an additional 9,923 shares during the quarter. Creative Planning’s holdings in CarGurus were worth $1,721,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CARG. Envestnet Asset Management Inc. grew its stake in CarGurus by 34.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 48,629 shares of the company’s stock valued at $1,417,000 after acquiring an additional 12,423 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of CarGurus during the first quarter worth approximately $1,894,000. KLP Kapitalforvaltning AS grew its position in CarGurus by 48.6% during the first quarter. KLP Kapitalforvaltning AS now owns 25,700 shares of the company’s stock valued at $749,000 after purchasing an additional 8,400 shares in the last quarter. Pacer Advisors Inc. acquired a new position in CarGurus in the 1st quarter valued at approximately $227,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in CarGurus by 13.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,770 shares of the company’s stock worth $896,000 after buying an additional 3,548 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Transactions at CarGurus

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 sale, the insider owned 54,807 shares in the company, valued at approximately $2,021,282.16. This represents a 15.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Samuel Zales sold 10,000 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $36.08, for a total transaction of $360,800.00. Following the sale, the chief operating officer directly owned 441,821 shares in the company, valued at approximately $15,940,901.68. This represents a 2.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,226 shares of company stock valued at $1,471,482 in the last three months. 16.99% of the stock is owned by corporate insiders.

CarGurus Stock Performance

NASDAQ CARG opened at $35.89 on Thursday. CarGurus, Inc. has a twelve month low of $24.65 and a twelve month high of $41.33. The stock has a market cap of $3.43 billion, a PE ratio of 24.41, a PEG ratio of 1.67 and a beta of 1.50. The firm has a 50-day simple moving average of $35.62 and a 200 day simple moving average of $33.96.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. CarGurus had a net margin of 16.41% and a return on equity of 41.31%. The firm had revenue of $238.70 million for the quarter, compared to analyst estimates of $234.57 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS. Q4 2025 guidance at 0.610-0.670 EPS. Research analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CARG has been the topic of a number of research reports. UBS Group upped their price target 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. Citigroup raised their price target on CarGurus from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. lifted 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. BTIG Research restated a “buy” rating and issued a $39.00 price objective on shares of CarGurus in a report on Friday, September 5th. Finally, Zacks Research cut shares of CarGurus from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $39.95.

CarGurus 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.