Aberdeen Group plc Buys Shares of 381,836 CarGurus, Inc. $CARG

Aberdeen Group plc purchased a new stake in shares of CarGurus, Inc. (NASDAQ:CARG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 381,836 shares of the company’s stock, valued at approximately $14,643,000. Aberdeen Group plc owned approximately 0.40% of CarGurus as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of CarGurus by 71.1% during the third quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock valued at $40,000 after acquiring an additional 443 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of CarGurus during the third quarter valued at approximately $46,000. First Horizon Corp bought a new stake in shares of CarGurus during the third quarter valued at approximately $51,000. EverSource Wealth Advisors LLC increased its position in shares of CarGurus by 491.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after acquiring an additional 1,362 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of CarGurus during the third quarter valued at approximately $67,000. Institutional investors own 86.90% of the company’s stock.

Insider Buying and Selling

In related news, Director Stephen Kaufer purchased 30,766 shares of CarGurus stock in a transaction on Tuesday, March 3rd. The shares were bought at an average cost of $32.50 per share, for a total transaction of $999,895.00. Following the acquisition, the director owned 323,939 shares in the company, valued at approximately $10,528,017.50. The trade was a 10.49% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ismail Elshareef sold 1,645 shares of CarGurus stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $32.21, for a total transaction of $52,985.45. Following the completion of the sale, the insider owned 91,822 shares in the company, valued at approximately $2,957,586.62. This represents a 1.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,497 shares of company stock worth $484,038 in the last 90 days. 16.99% of the stock is owned by company insiders.

CarGurus Stock Performance

CARG opened at $34.75 on Tuesday. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $39.42. The firm’s fifty day moving average is $31.62 and its 200 day moving average is $34.59. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, February 19th. The company reported $0.63 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $239.07 million. During the same quarter in the previous year, the company earned $0.55 EPS. CarGurus’s revenue for the quarter was up 14.7% on a year-over-year basis. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. On average, equities research analysts predict that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CARG. Royal Bank Of Canada dropped their target price on shares of CarGurus from $40.00 to $34.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Oppenheimer dropped 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. Jefferies Financial Group raised their target price on shares of CarGurus from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Wall Street Zen cut shares of CarGurus from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CarGurus in a research note on Monday, December 29th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $38.14.

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.