CarGurus, Inc. $CARG Shares Bought by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. grew its stake in shares of CarGurus, Inc. (NASDAQ:CARG) by 230.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 580,117 shares of the company’s stock after buying an additional 404,617 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in CarGurus were worth $21,598,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Congress Asset Management Co. acquired a new position in CarGurus in the third quarter valued at $70,856,000. Divisadero Street Capital Management LP acquired a new position in shares of CarGurus in the 2nd quarter valued at about $14,599,000. Squarepoint Ops LLC lifted its stake in shares of CarGurus by 1,457.7% in the 2nd quarter. Squarepoint Ops LLC now owns 403,447 shares of the company’s stock valued at $13,503,000 after purchasing an additional 377,547 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of CarGurus by 22.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,699,910 shares of the company’s stock worth $56,896,000 after purchasing an additional 311,287 shares during the period. Finally, Schroder Investment Management Group acquired a new stake in CarGurus during the 2nd quarter worth approximately $10,387,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting CarGurus

Here are the key news stories impacting CarGurus this week:

• Positive Sentiment: Q4 EPS beat and strong profitability: CarGurus reported $0.63 EPS vs. $0.61 consensus and showed healthy margins and return on equity, giving confidence in earnings quality. MarketBeat: Q4 results
• Positive Sentiment: Raised revenue guidance for FY2026 and Q1: Management set FY revenue around $997.7M–$1.0B (above consensus ~$970.9M) and Q1 revenue guidance $240.5M–$245.5M (slightly above the $238.8M consensus), which supports top-line momentum. GlobeNewswire: Earnings release
• Positive Sentiment: Share buyback support: CarGurus repurchased ~ $350M in 2025 and announced a new $250M repurchase program for 2026 — a clear capital-return signal that can lift EPS and shareholder value. GlobeNewswire: Buyback details
• Positive Sentiment: AI and international growth narrative: Management is accelerating AI-driven product launches and emphasizing international expansion, which analysts highlight as multi-year growth drivers. Seeking Alpha: AI & guidance
• Neutral Sentiment: Mixed guidance nuance — EPS vs. revenue: Q1 EPS guide (0.520–0.580) centers near/barely under consensus (0.560), while revenue guidance is modestly above consensus — investors should watch upcoming quarters to see if EPS catches up to revenue strength. Company slide deck
• Negative Sentiment: Revenue miss in quarter: Reported Q4 revenue ($209.1M) came in well below the consensus (~$239M), which tempers the EPS beat and may worry revenue-focused investors. MarketBeat: Revenue details
• Negative Sentiment: Analyst price-target cuts: RBC and DA Davidson trimmed targets (RBC $40→$34; DA Davidson $37.50→$33.50), which can cap near-term upside despite some analysts retaining positive ratings. The Fly: RBC note
• Negative Sentiment: Data-security headline: An alleged breach (1.7M records) reported by ShinyHunters creates reputational and potential regulatory risk; investors may view this as a short-term headwind. MSN: Data-breach report

Wall Street Analyst Weigh In

CARG has been the topic of a number of recent research reports. DA Davidson reduced their price target on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a research report on Friday. BTIG Research reduced their target price on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of CarGurus in a report on Monday, December 29th. Jefferies Financial Group raised their price objective on CarGurus from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Finally, Needham & Company LLC decreased their target price on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $38.50.

Insider Activity at CarGurus

In other CarGurus news, CEO Jason Trevisan sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $37.00, for a total transaction of $740,000.00. Following the completion of the sale, the chief executive officer owned 655,483 shares in the company, valued at $24,252,871. This trade represents a 2.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Ladd Hanson sold 2,358 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $38.10, for a total value 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 49,003 shares of company stock valued at $1,858,494. Insiders own 16.99% of the company’s stock.

CarGurus Price Performance

CarGurus stock opened at $30.17 on Friday. CarGurus, Inc. has a 12-month low of $24.65 and a 12-month high of $39.42. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 1.10 and a beta of 1.35. The firm’s fifty day moving average price is $34.28 and its 200 day moving average price is $34.80.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data 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. The company had revenue of $209.09 million during the quarter, compared to analysts’ expectations of $239.07 million. CarGurus had a net margin of 16.60% and a return on equity of 46.62%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. Analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.

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.