Congress Asset Management Co. Acquires 54,937 Shares of CarGurus, Inc. $CARG

Congress Asset Management Co. increased its holdings in CarGurus, Inc. (NASDAQ:CARG) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,958,144 shares of the company’s stock after acquiring an additional 54,937 shares during the quarter. Congress Asset Management Co. owned about 2.05% of CarGurus worth $75,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of CARG. 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 valued at $39,000 after purchasing an additional 1,018 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of CarGurus by 71.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock worth $40,000 after buying an additional 443 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in CarGurus during the 3rd quarter valued at approximately $46,000. First Horizon Corp purchased a new position in CarGurus during the third quarter valued at $51,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in CarGurus by 491.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after acquiring an additional 1,362 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

CarGurus Trading Up 2.2%

Shares of CARG opened at $34.35 on Tuesday. The firm has a fifty day simple moving average of $31.59 and a two-hundred day simple moving average of $34.71. The firm has a market cap of $3.27 billion, a PE ratio of 22.16, a P/E/G ratio of 1.26 and a beta of 1.37. CarGurus, Inc. has a 1-year low of $24.65 and a 1-year high of $39.42.

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

Insiders Place Their Bets

In other news, insider Ismail Elshareef sold 1,645 shares of the 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 owned 91,822 shares in the company, valued at $2,957,586.62. This represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer Ladd Hanson sold 2,358 shares of the firm’s 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 completion of the transaction, the insider directly owned 50,466 shares in the company, valued at approximately $1,922,754.60. The trade was a 4.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 17.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CARG. Needham & Company LLC lowered their price target on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. BTIG Research decreased their target price on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a report on Friday, February 20th. Royal Bank Of Canada decreased their price objective on shares of CarGurus from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Oppenheimer reduced their price objective on CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Finally, Wall Street Zen lowered CarGurus from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Five 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 company presently has an average rating of “Hold” and a consensus target price 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.