SG Americas Securities LLC Acquires 14,788 Shares of CarGurus, Inc. $CARG

SG Americas Securities LLC boosted its holdings in CarGurus, Inc. (NASDAQ:CARG) by 61.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,812 shares of the company’s stock after purchasing an additional 14,788 shares during the quarter. SG Americas Securities LLC’s holdings in CarGurus were worth $1,488,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CARG. Wealth Enhancement Advisory Services LLC grew its position in shares of CarGurus by 35.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,867 shares of the company’s stock worth $303,000 after purchasing an additional 2,049 shares in the last quarter. Occidental Asset Management LLC acquired a new stake in shares of CarGurus in the fourth quarter valued at approximately $307,000. GAMMA Investing LLC raised its position in shares of CarGurus by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 5,547 shares of the company’s stock valued at $213,000 after buying an additional 1,012 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of CarGurus by 17.8% in the third quarter. JPMorgan Chase & Co. now owns 545,636 shares of the company’s stock valued at $20,314,000 after buying an additional 82,511 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of CarGurus in the third quarter valued at approximately $327,000. Institutional investors own 86.90% of the company’s stock.

Analyst Ratings Changes

CARG has been the topic of a number of recent research reports. Wall Street Zen lowered CarGurus from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. BTIG Research reduced their target price on CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, February 20th. DA Davidson decreased their price target on CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CarGurus in a research note on Monday, December 29th. Finally, Needham & Company LLC cut their price objective on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.14.

CarGurus Price Performance

Shares of CARG opened at $34.75 on Tuesday. CarGurus, Inc. has a one year low of $24.65 and a one year high of $39.42. The company has a market cap of $3.31 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.24 and a beta of 1.32. The firm has a 50 day simple moving average of $31.62 and a two-hundred day simple moving average of $34.59.

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

Insider Buying and Selling at CarGurus

In related news, CMO Dafna Sarnoff sold 5,445 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $33.04, for a total value of $179,902.80. Following the sale, the chief marketing officer directly owned 134,369 shares of the company’s stock, valued at $4,439,551.76. This trade represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen Kaufer bought 30,766 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average price of $32.50 per share, for a total transaction of $999,895.00. Following the transaction, the director 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 14,497 shares of company stock worth $484,038 over the last quarter. 16.99% of the stock is currently owned by company insiders.

CarGurus Company 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.