Intech Investment Management LLC Increases Stock Position in CarGurus, Inc. $CARG

Intech Investment Management LLC boosted its holdings in CarGurus, Inc. (NASDAQ:CARG) by 200.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,957 shares of the company’s stock after acquiring an additional 100,757 shares during the quarter. Intech Investment Management LLC’s holdings in CarGurus were worth $5,620,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of CarGurus during the second quarter valued at $27,000. Farther Finance Advisors LLC increased its holdings in CarGurus by 71.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock worth $40,000 after buying an additional 443 shares in the last quarter. MAI Capital Management raised its position in CarGurus by 661.0% in the 2nd quarter. MAI Capital Management now owns 1,172 shares of the company’s stock worth $39,000 after buying an additional 1,018 shares during the last quarter. First Horizon Corp purchased a new position in CarGurus in the 3rd quarter worth about $51,000. Finally, EverSource Wealth Advisors LLC lifted its stake in CarGurus by 491.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after acquiring an additional 1,362 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on CARG. Oppenheimer reduced their price target on shares of CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. UBS Group set a $38.00 target price on shares of CarGurus in a research report on Tuesday. Wall Street Zen lowered shares of CarGurus from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. BTIG Research lowered their price target on CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, Jefferies Financial Group lifted their price objective on CarGurus from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $38.14.

CarGurus Stock Performance

NASDAQ CARG opened at $30.70 on Friday. The business’s fifty day moving average is $33.41 and its 200 day moving average is $34.80. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $39.42. The company has a market capitalization of $2.92 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.15 and a beta of 1.35.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.63 EPS for the quarter, topping 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 business had revenue of $209.09 million during the quarter, compared to analysts’ expectations of $239.07 million. During the same quarter in the prior year, the business posted $0.55 earnings per share. The business’s quarterly revenue was up 14.7% on a year-over-year basis. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. On average, sell-side analysts forecast that CarGurus, Inc. will post 1.41 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jason Trevisan sold 16,548 shares of CarGurus stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $39.02, for a total transaction of $645,702.96. Following the transaction, the chief executive officer owned 630,483 shares in the company, valued at approximately $24,601,446.66. The trade was a 2.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ismail Elshareef sold 1,645 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $32.21, for a total transaction of $52,985.45. Following the completion of the transaction, the insider directly owned 91,822 shares of the company’s stock, valued at $2,957,586.62. This represents a 1.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 49,003 shares of company stock worth $1,858,494. Company insiders own 16.99% of the company’s stock.

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.