CarGurus, Inc. $CARG Shares Sold by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC trimmed its stake in CarGurus, Inc. (NASDAQ:CARG) by 28.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,672,446 shares of the company’s stock after selling 1,071,003 shares during the period. CarGurus comprises 1.8% of ArrowMark Colorado Holdings LLC’s investment portfolio, making the stock its 3rd biggest holding. ArrowMark Colorado Holdings LLC owned approximately 2.80% of CarGurus worth $99,495,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in CarGurus by 17.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 545,636 shares of the company’s stock valued at $20,314,000 after acquiring an additional 82,511 shares in the last quarter. Congress Asset Management Co. purchased a new stake in CarGurus during the third quarter worth about $70,856,000. Jupiter Asset Management Ltd. lifted its position in shares of CarGurus by 230.6% during the third 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 in the last quarter. Aurora Investment Counsel acquired a new stake in shares of CarGurus during the third quarter worth about $2,174,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of CarGurus by 100.3% in the third quarter. Envestnet Asset Management Inc. now owns 102,818 shares of the company’s stock valued at $3,828,000 after purchasing an additional 51,487 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

CARG has been the subject of a number of research reports. DA Davidson dropped their price objective on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating for the company in a report on Friday, February 20th. Oppenheimer reduced their target price on shares of CarGurus from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. BTIG Research decreased their price target on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Needham & Company LLC dropped their price target on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Finally, UBS Group set a $38.00 price objective on CarGurus in a research report on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, CarGurus has a consensus rating of “Hold” and an average target price of $38.14.

Insider Activity

In other news, Director Stephen Kaufer acquired 30,766 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of $32.50 per share, with a total value of $999,895.00. Following the transaction, the director owned 323,939 shares in the company, valued at approximately $10,528,017.50. This trade represents a 10.49% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Ladd Hanson sold 2,358 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $38.10, for a total transaction of $89,839.80. Following the transaction, the insider owned 50,466 shares of the company’s stock, valued at approximately $1,922,754.60. The trade was a 4.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,003 shares of company stock valued at $1,118,494 over the last quarter. Company insiders own 16.99% of the company’s stock.

CarGurus Stock Performance

CARG stock opened at $30.86 on Friday. The company’s 50 day moving average price is $32.19 and its 200 day moving average price is $34.78. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $39.42. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.16 and a beta of 1.37.

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

CarGurus Company 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.