CarGurus, Inc. $CARG Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC trimmed its holdings in shares of CarGurus, Inc. (NASDAQ:CARG) by 81.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,960 shares of the company’s stock after selling 55,630 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in CarGurus were worth $483,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CARG. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in CarGurus in the 2nd quarter worth $27,000. Private Wealth Asset Management LLC acquired a new stake in shares of CarGurus in the second quarter valued at about $29,000. MAI Capital Management increased its stake in shares of CarGurus by 661.0% during the second quarter. MAI Capital Management now owns 1,172 shares of the company’s stock worth $39,000 after purchasing an additional 1,018 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of CarGurus by 71.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock worth $40,000 after purchasing an additional 443 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in CarGurus by 121.7% in the 2nd quarter. Fifth Third Bancorp now owns 1,419 shares of the company’s stock valued at $47,000 after buying an additional 779 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Insider Activity at CarGurus

In other news, insider Ismail Elshareef sold 1,228 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $34.98, for a total value of $42,955.44. Following the transaction, the insider directly owned 95,907 shares in the company, valued at approximately $3,354,826.86. This represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Ladd Hanson sold 2,358 shares of the stock in a transaction that occurred 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 directly owned 50,466 shares of the company’s stock, valued at $1,922,754.60. The trade was a 4.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 58,586 shares of company stock valued at $2,198,264 in the last quarter. Corporate insiders own 16.99% of the company’s stock.

Wall Street Analyst Weigh In

CARG has been the subject of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of CarGurus in a research note on Monday, December 29th. Zacks Research lowered CarGurus from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Jefferies Financial Group boosted their price target on CarGurus from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Wall Street Zen lowered CarGurus from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of CarGurus from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.86.

CarGurus Price Performance

Shares of NASDAQ CARG opened at $34.16 on Friday. The company has a market capitalization of $3.26 billion, a P/E ratio of 23.24, a P/E/G ratio of 1.37 and a beta of 1.36. The company has a 50 day simple moving average of $36.69 and a 200-day simple moving average of $35.30. CarGurus, Inc. has a 1 year low of $24.65 and a 1 year high of $41.33.

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