Fieldview Capital Management LLC Sells 51,057 Shares of CarGurus, Inc. $CARG

Fieldview Capital Management LLC trimmed its position in shares of CarGurus, Inc. (NASDAQ:CARG) by 34.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,254 shares of the company’s stock after selling 51,057 shares during the quarter. Fieldview Capital Management LLC owned 0.10% of CarGurus worth $3,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of CarGurus by 17.8% in the third quarter. JPMorgan Chase & Co. now owns 545,636 shares of the company’s stock worth $20,314,000 after purchasing an additional 82,511 shares during the period. Congress Asset Management Co. purchased a new position in shares of CarGurus during the 3rd quarter valued at about $70,856,000. Aurora Investment Counsel purchased a new position in shares of CarGurus during the third quarter worth approximately $2,174,000. Jupiter Asset Management Ltd. raised its position in CarGurus by 230.6% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 580,117 shares of the company’s stock worth $21,598,000 after purchasing an additional 404,617 shares during the period. Finally, Federated Hermes Inc. increased its holdings in shares of CarGurus by 11.5% in the third quarter. Federated Hermes Inc. now owns 465,978 shares of the company’s stock worth $17,348,000 after buying an additional 48,177 shares during the period. Institutional investors own 86.90% of the company’s stock.

Insider Buying and Selling at CarGurus

In other news, CEO Jason Trevisan sold 16,548 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $39.02, for a total value of $645,702.96. Following the sale, the chief executive officer directly owned 630,483 shares of the company’s stock, valued at $24,601,446.66. The trade was a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ismail Elshareef sold 1,645 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $32.21, for a total value of $52,985.45. Following the transaction, the insider directly owned 91,822 shares of the company’s stock, valued at approximately $2,957,586.62. This trade represents a 1.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 49,003 shares of company stock worth $1,858,494 in the last ninety days. 17.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CARG shares. UBS Group set a $38.00 target price on shares of CarGurus in a report on Tuesday, February 24th. DA Davidson dropped their price target on CarGurus from $37.50 to $33.50 and set a “neutral” rating for the company in a research note on Friday, February 20th. Jefferies Financial Group boosted their price objective on shares of CarGurus from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Oppenheimer decreased their price objective on shares of CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CarGurus in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $38.14.

CarGurus Trading Down 1.6%

Shares of CarGurus stock opened at $33.66 on Monday. The firm has a market capitalization of $3.20 billion, a P/E ratio of 21.72, a P/E/G ratio of 1.26 and a beta of 1.37. The business has a fifty day simple moving average of $32.83 and a two-hundred day simple moving average of $34.85. CarGurus, Inc. has a 12 month low of $24.65 and a 12 month high of $39.42.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, February 19th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $209.09 million for the quarter, compared to the consensus estimate of $239.07 million. CarGurus had a net margin of 16.60% and a return on equity of 47.50%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 EPS. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. Analysts predict that CarGurus, Inc. will post 1.41 earnings per share for the current year.

CarGurus Profile

CarGurus, Inc operates an online automotive marketplace designed to connect buyers and sellers of new and used vehicles. Through its proprietary search engine and data-driven pricing tools, the platform enables consumers to compare listings, assess fair market values and locate local dealers offering competitive deals. CarGurus also provides detailed vehicle history reports, dealer reviews and financing options to streamline the car-shopping process for both private parties and franchised dealerships.

The company’s core product offerings include Instant Market Value (IMV), which leverages pricing algorithms to help buyers identify over- or under-priced vehicles, as well as dealer subscription services that grant automotive retailers access to lead generation tools, targeted advertising and dynamic pricing insights.