AEGON ASSET MANAGEMENT UK Plc Makes New Investment in CarGurus, Inc. $CARG

AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of CarGurus, Inc. (NASDAQ:CARG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 55,100 shares of the company’s stock, valued at approximately $2,113,000. AEGON ASSET MANAGEMENT UK Plc owned about 0.06% of CarGurus as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC raised its position in 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. purchased a new stake in CarGurus in the 3rd quarter worth approximately $46,000. First Horizon Corp purchased a new stake in CarGurus in the 3rd quarter worth approximately $51,000. EverSource Wealth Advisors LLC grew its stake in shares of CarGurus by 491.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after purchasing an additional 1,362 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of CarGurus during the 3rd quarter worth approximately $67,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

CarGurus Stock Performance

NASDAQ:CARG opened at $37.62 on Monday. The company has a fifty day moving average of $33.36 and a two-hundred day moving average of $34.50. The stock has a market capitalization of $3.58 billion, a PE ratio of 24.27, a P/E/G ratio of 1.40 and a beta of 1.32. CarGurus, Inc. has a fifty-two week low of $25.41 and a fifty-two week high of $39.42.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, February 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. CarGurus had a net margin of 16.60% and a return on equity of 47.50%. The business had revenue of $209.09 million for the quarter, compared to analyst estimates of $239.07 million. During the same quarter last year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. Research analysts forecast that CarGurus, Inc. will post 2.06 earnings per share for the current year.

Insider Buying and Selling

In other CarGurus news, 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 $2,957,586.62. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen Kaufer bought 30,766 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was bought at an average price of $32.50 per share, with a total value of $999,895.00. Following the completion of the acquisition, the director owned 323,939 shares in the company, valued at $10,528,017.50. This represents a 10.49% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 14,497 shares of company stock worth $484,038 in the last 90 days. Corporate insiders own 17.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. DA Davidson decreased their target price on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating for the company in a research note 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 on the stock in a research report on Thursday, February 5th. Oppenheimer cut 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. UBS Group set a $38.00 price objective on shares of CarGurus in a research report on Tuesday, February 24th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of CarGurus in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, CarGurus presently has an average rating of “Hold” and a consensus target price of $38.14.

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.