Bollard Group LLC Purchases Shares of 28,525 CarGurus, Inc. $CARG

Bollard Group LLC purchased a new stake in shares of CarGurus, Inc. (NASDAQ:CARG) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 28,525 shares of the company’s stock, valued at approximately $971,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Horizon Investments LLC boosted its position in CarGurus by 2.0% in the 4th quarter. Horizon Investments LLC now owns 16,375 shares of the company’s stock worth $628,000 after purchasing an additional 318 shares in the last quarter. ProShare Advisors LLC boosted its holdings in CarGurus by 2.8% in the 4th quarter. ProShare Advisors LLC now owns 15,992 shares of the company’s stock worth $613,000 after buying an additional 436 shares during the last quarter. Ritholtz Wealth Management boosted its stake in CarGurus by 4.2% during the 1st quarter. Ritholtz Wealth Management now owns 11,039 shares of the company’s stock worth $376,000 after purchasing an additional 449 shares during the last quarter. HighTower Advisors LLC raised its holdings in CarGurus by 7.8% in the 4th quarter. HighTower Advisors LLC now owns 7,094 shares of the company’s stock valued at $272,000 after acquiring an additional 514 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in shares of CarGurus by 1.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 43,583 shares of the company’s stock worth $1,671,000 after acquiring an additional 679 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

CarGurus Stock Up 1.2%

CARG stock opened at $33.37 on Friday. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 1.20 and a beta of 1.18. The stock’s fifty day simple moving average is $31.24 and its 200-day simple moving average is $32.68. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $39.42.

CarGurus (NASDAQ:CARG) last issued its earnings results on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $243.56 million for the quarter, compared to analyst estimates of $243.10 million. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. As a group, analysts anticipate that CarGurus, Inc. will post 2.11 earnings per share for the current fiscal year.

Insider Buying and Selling at CarGurus

In other news, General Counsel Javier Zamora sold 3,533 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $36.06, for a total value of $127,399.98. Following the completion of the transaction, the general counsel owned 88,345 shares of the company’s stock, valued at approximately $3,185,720.70. This represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Matthew Todd Quinn sold 3,824 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $35.03, for a total transaction of $133,954.72. Following the sale, the chief technology officer owned 233,146 shares of the company’s stock, valued at $8,167,104.38. The trade was a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 25,559 shares of company stock worth $841,568. 18.19% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on CARG. Citigroup began coverage on shares of CarGurus in a report on Friday, June 12th. They issued a “buy” rating for the company. Wall Street Zen upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Piper Sandler reiterated a “sector weight” rating on shares of CarGurus in a research note on Friday, June 12th. Weiss Ratings downgraded CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, Barclays raised their price objective on shares of CarGurus from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.55.

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.