CarGurus, Inc. $CARG Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of CarGurus, Inc. (NASDAQ:CARG) by 1.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,101,437 shares of the company’s stock after buying an additional 24,910 shares during the period. Geode Capital Management LLC’s holdings in CarGurus were worth $80,602,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Royal Bank of Canada raised its position in shares of CarGurus by 22.6% in 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. AQR Capital Management LLC grew its stake 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 valued at $756,000 after acquiring an additional 5,259 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of CarGurus by 3.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,845 shares of the company’s stock valued at $1,889,000 after acquiring an additional 1,890 shares in the last quarter. Jane Street Group LLC grew its stake in shares of CarGurus by 113.0% during the first quarter. Jane Street Group LLC now owns 123,305 shares of the company’s stock valued at $3,592,000 after acquiring an additional 65,420 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in CarGurus in the second quarter worth about $87,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Insider Transactions at CarGurus

In related news, General Counsel Javier Zamora sold 8,072 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $29.53, for a total transaction of $238,366.16. Following the sale, the general counsel owned 103,061 shares of the company’s stock, valued at $3,043,391.33. The trade was a 7.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Ladd Hanson sold 2,499 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $35.61, for a total value of $88,989.39. Following the sale, the insider directly owned 98,191 shares in the company, valued at approximately $3,496,581.51. The trade was a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,924 shares of company stock worth $669,419 in the last three months. 16.99% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CARG has been the subject of a number of research reports. Wall Street Zen upgraded CarGurus from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Barclays began coverage on CarGurus in a research note on Thursday, May 28th. They issued an “overweight” rating and a $35.00 price target for the company. DA Davidson cut their target price on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a report on Friday, February 20th. UBS Group set a $35.00 target price on shares of CarGurus in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of CarGurus from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.79.

CarGurus Stock Performance

CARG opened at $27.42 on Monday. The business’s 50 day moving average is $33.15 and its 200-day moving average is $33.77. The stock has a market cap of $2.47 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 1.00 and a beta of 1.20. CarGurus, Inc. has a twelve month low of $26.39 and a twelve month high of $39.42.

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

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.