American Century Companies Inc. Grows Stock Holdings in CarGurus, Inc. $CARG

American Century Companies Inc. lifted its stake in CarGurus, Inc. (NASDAQ:CARG) by 10.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 390,955 shares of the company’s stock after acquiring an additional 38,252 shares during the period. American Century Companies Inc. owned approximately 0.39% of CarGurus worth $14,555,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in 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 acquiring an additional 443 shares during the period. MAI Capital Management boosted its holdings in CarGurus by 661.0% in the 2nd quarter. MAI Capital Management now owns 1,172 shares of the company’s stock valued at $39,000 after purchasing an additional 1,018 shares during the period. First Horizon Corp purchased a new position in shares of CarGurus during the 3rd quarter valued at $51,000. EverSource Wealth Advisors LLC grew its position 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 valued at $55,000 after purchasing an additional 1,362 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in shares of CarGurus in the third quarter worth $67,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

CarGurus Stock Performance

NASDAQ CARG opened at $31.39 on Thursday. CarGurus, Inc. has a 52-week low of $24.65 and a 52-week high of $39.42. The company has a market capitalization of $2.99 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.21 and a beta of 1.37. The company has a fifty day moving average of $32.48 and a 200-day moving average of $34.82.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. DA Davidson lowered their price objective on CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Oppenheimer reduced their target price on CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Jefferies Financial Group upped their target price on CarGurus from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Wall Street Zen cut CarGurus from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of CarGurus in a report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $38.14.

Insider Buying and Selling at CarGurus

In other news, insider Ismail Elshareef sold 1,645 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $32.21, for a total transaction of $52,985.45. Following the transaction, the insider directly owned 91,822 shares of the company’s stock, valued at approximately $2,957,586.62. This trade represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jason Trevisan sold 16,548 shares of CarGurus stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $39.02, for a total value of $645,702.96. Following the completion of the transaction, the chief executive officer owned 630,483 shares in the company, valued at approximately $24,601,446.66. This represents a 2.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 29,003 shares of company stock valued at $1,118,494. Insiders own 16.99% of the company’s stock.

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.