Assenagon Asset Management S.A. Sells 68,841 Shares of CarGurus, Inc. $CARG

Assenagon Asset Management S.A. reduced its holdings in shares of CarGurus, Inc. (NASDAQ:CARG) by 30.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 155,384 shares of the company’s stock after selling 68,841 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.16% of CarGurus worth $5,959,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. MAI Capital Management grew its position in shares of CarGurus by 661.0% during the 2nd quarter. MAI Capital Management now owns 1,172 shares of the company’s stock valued at $39,000 after acquiring an additional 1,018 shares during the period. Farther Finance Advisors LLC grew its stake 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. bought a new stake in CarGurus during the 3rd quarter worth approximately $46,000. First Horizon Corp bought a new stake in CarGurus during the 3rd quarter worth approximately $51,000. Finally, EverSource Wealth Advisors LLC lifted its stake in CarGurus by 491.7% in 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 in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

CarGurus Stock Performance

CarGurus stock opened at $35.01 on Friday. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $39.42. The stock has a market cap of $3.33 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 1.31 and a beta of 1.37. The firm’s fifty day moving average price is $31.61 and its 200-day moving average price is $34.70.

CarGurus (NASDAQ:CARG) last announced its earnings results 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. The company had revenue of $209.09 million during the quarter, compared to analyst estimates of $239.07 million. CarGurus had a net margin of 16.60% and a return on equity of 47.50%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 earnings per share. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. On average, analysts predict that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CARG has been the subject of several analyst reports. Jefferies Financial Group raised their price target on shares of CarGurus from $42.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Royal Bank Of Canada lowered their price objective on CarGurus from $40.00 to $34.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Needham & Company LLC dropped their price objective on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. UBS Group set a $38.00 target price on CarGurus in a research report on Tuesday, February 24th. Finally, Wall Street Zen lowered CarGurus from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Five 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, CarGurus has a consensus rating of “Hold” and an average price target of $38.14.

Insider Buying and Selling at CarGurus

In other CarGurus news, Director Stephen Kaufer purchased 30,766 shares of CarGurus stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average cost of $32.50 per share, for a total transaction of $999,895.00. Following the completion of the transaction, the director directly owned 323,939 shares of the company’s stock, valued at approximately $10,528,017.50. The trade was a 10.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jennifer Ladd Hanson sold 2,358 shares of CarGurus 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 in the company, valued at $1,922,754.60. This trade represents a 4.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 16.99% of the company’s stock.

About CarGurus

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.