CarGurus, Inc. $CARG Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in CarGurus, Inc. (NASDAQ:CARG) by 100.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 102,818 shares of the company’s stock after acquiring an additional 51,487 shares during the quarter. Envestnet Asset Management Inc. owned 0.10% of CarGurus worth $3,828,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CARG. Allianz Asset Management GmbH boosted its holdings in CarGurus by 106.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 283,534 shares of the company’s stock valued at $10,556,000 after acquiring an additional 146,169 shares during the period. State of Wyoming lifted its position in shares of CarGurus by 166.0% during the third quarter. State of Wyoming now owns 15,219 shares of the company’s stock worth $567,000 after purchasing an additional 9,498 shares in the last quarter. Lingohr Asset Management GmbH purchased a new position in shares of CarGurus in the third quarter valued at approximately $236,000. AlphaQuest LLC grew its holdings in shares of CarGurus by 4.3% in the third quarter. AlphaQuest LLC now owns 22,130 shares of the company’s stock valued at $824,000 after purchasing an additional 918 shares in the last quarter. Finally, Summit Global Investments grew its holdings in shares of CarGurus by 10.9% in the third quarter. Summit Global Investments now owns 36,919 shares of the company’s stock valued at $1,374,000 after purchasing an additional 3,614 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Key Headlines Impacting CarGurus

Here are the key news stories impacting CarGurus this week:

• Positive Sentiment: Company fundamentals and shareholder returns — CarGurus reported 14% revenue growth to $907M and expanded its dealer network and retention, with robust adjusted EBITDA growth and $350M in buybacks in 2025; management also authorized a new $250M repurchase program through 2026. Article Title
• Positive Sentiment: Analyst/supportive research easing fears — Huber Research defended the name and noted easing AI concerns, which helped lift sentiment after recent volatility. Article Title
• Positive Sentiment: Bullish research/features — Recent analyst and industry write-ups describe CarGurus as an attractive value-growth setup driven by AI product initiatives and a lean marketplace model, reinforcing positive investor thesis. Article Title
• Neutral Sentiment: Valuation coverage and mixed analyst moves — Oppenheimer trimmed its price target slightly (from $40 to $38) but kept an outperform view; broader coverage includes valuation pieces weighing recent share weakness. These are informative but not decisively bullish or bearish. Article Title
• Negative Sentiment: Data breach/extortion claims — Multiple outlets report an extortion group (ShinyHunters) claiming to have copied ~12.4–12.5M CarGurus user records. Headlines like these create regulatory, remediation and reputational risk that can pressure the stock. Article Title
• Negative Sentiment: Security coverage from tech outlets — BleepingComputer and others provide additional technical detail and reporting on the alleged leak, increasing the likelihood investors will demand clarity on scope, impact and remediation. Article Title
• Negative Sentiment: Analyst target cuts — Royal Bank of Canada and DA Davidson trimmed their price targets to $34.00 and $33.50 respectively, which is downward pressure on sentiment and may cap near-term upside until clarity on the breach and guidance is provided. RBC Cut DA Davidson Cut

CarGurus Stock Up 4.0%

NASDAQ:CARG opened at $28.98 on Wednesday. The company has a market capitalization of $2.77 billion, a PE ratio of 18.70, a P/E/G ratio of 1.05 and a beta of 1.35. CarGurus, Inc. has a 52-week low of $24.65 and a 52-week high of $39.42. The stock’s 50 day moving average price is $33.88 and its 200 day moving average price is $34.82.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping 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 company had revenue of $209.09 million for the quarter, compared to the consensus estimate of $239.07 million. During the same period last year, the firm posted $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. As a group, sell-side analysts anticipate that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Insider Activity

In related news, insider Jennifer Ladd Hanson sold 2,358 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $38.10, for a total value of $89,839.80. Following the completion of the sale, the insider owned 50,466 shares in the company, valued at $1,922,754.60. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jason Trevisan sold 16,548 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $39.02, for a total transaction of $645,702.96. Following the completion of the sale, the chief executive officer directly owned 630,483 shares in the company, valued at approximately $24,601,446.66. The trade was a 2.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 49,003 shares of company stock valued at $1,858,494 in the last three months. 17.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on CARG. 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. Royal Bank Of Canada lowered their target price on CarGurus from $40.00 to $34.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Citigroup increased their price target on CarGurus from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of CarGurus in a research report on Monday, December 29th. Finally, Wall Street Zen lowered shares of CarGurus from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average 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.