Fort Washington Investment Advisors Inc. OH Has $41.13 Million Stock Holdings in CarGurus, Inc. $CARG

Fort Washington Investment Advisors Inc. OH raised its stake in CarGurus, Inc. (NASDAQ:CARG) by 10.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,104,847 shares of the company’s stock after buying an additional 102,151 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in CarGurus were worth $41,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in shares of CarGurus by 22.6% during the 1st quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock worth $2,186,000 after buying an additional 13,834 shares during the period. Maverick Capital Ltd. raised its holdings in CarGurus by 109.4% in the 1st quarter. Maverick Capital Ltd. now owns 21,920 shares of the company’s stock valued at $639,000 after acquiring an additional 11,450 shares during the period. Dark Forest Capital Management LP lifted its position in CarGurus by 2,048.4% during the first quarter. Dark Forest Capital Management LP now owns 143,255 shares of the company’s stock worth $4,173,000 after acquiring an additional 136,587 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of CarGurus by 25.4% during the first quarter. AQR Capital Management LLC now owns 25,946 shares of the company’s stock worth $756,000 after acquiring an additional 5,259 shares during the period. Finally, Clark Capital Management Group Inc. boosted its holdings in shares of CarGurus by 4.5% during the first quarter. Clark Capital Management Group Inc. now owns 170,022 shares of the company’s stock worth $4,953,000 after acquiring an additional 7,302 shares during the period. 86.90% of the stock is owned by institutional investors.

CarGurus Price Performance

Shares of NASDAQ CARG opened at $38.58 on Tuesday. The stock has a market capitalization of $3.68 billion, a PE ratio of 26.24, a P/E/G ratio of 1.79 and a beta of 1.42. The business has a fifty day moving average price of $36.14 and a two-hundred day moving average price of $34.84. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $41.33.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, November 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. CarGurus had a return on equity of 41.31% and a net margin of 16.41%.The company had revenue of $238.70 million for the quarter, compared to analyst estimates of $234.57 million. During the same period in the prior year, the firm posted $0.45 EPS. CarGurus’s quarterly revenue was up 3.2% on a year-over-year basis. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. On average, equities analysts expect that CarGurus, Inc. will post 1.41 EPS for the current year.

Insider Activity

In other CarGurus news, insider Ismail Elshareef sold 1,228 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $34.98, for a total value of $42,955.44. Following the transaction, the insider directly owned 95,907 shares of the company’s stock, valued at $3,354,826.86. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Ladd Hanson sold 9,998 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $36.88, for a total transaction of $368,726.24. Following the completion of the transaction, the insider owned 54,807 shares of the company’s stock, valued at $2,021,282.16. The trade was a 15.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 76,226 shares of company stock valued at $2,826,351. Corporate insiders own 17.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CARG has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of CarGurus in a research note on Monday, December 22nd. DA Davidson set a $37.50 price objective on CarGurus in a research report on Monday, November 17th. UBS Group lifted their target price on CarGurus from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. BTIG Research reissued a “buy” rating and issued a $39.00 target price on shares of CarGurus in a research report on Friday, September 5th. Finally, Jefferies Financial Group upped their price target on shares of CarGurus from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $40.41.

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.