Blue Trust Inc. Has $122,000 Stock Position in CarGurus, Inc. $CARG

Blue Trust Inc. grew its stake in shares of CarGurus, Inc. (NASDAQ:CARG) by 46.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,651 shares of the company’s stock after purchasing an additional 1,157 shares during the period. Blue Trust Inc.’s holdings in CarGurus were worth $122,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in shares of CarGurus by 121.7% during the second quarter. Fifth Third Bancorp now owns 1,419 shares of the company’s stock valued at $47,000 after purchasing an additional 779 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of CarGurus in the 1st quarter worth about $46,000. Signaturefd LLC lifted its position in CarGurus by 83.9% in the 1st quarter. Signaturefd LLC now owns 1,751 shares of the company’s stock valued at $51,000 after acquiring an additional 799 shares in the last quarter. Bayforest Capital Ltd bought a new position in CarGurus in the 1st quarter valued at about $76,000. Finally, US Bancorp DE lifted its position in CarGurus by 14.6% in the 1st quarter. US Bancorp DE now owns 3,733 shares of the company’s stock valued at $109,000 after acquiring an additional 475 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Activity at CarGurus

In other news, insider Jennifer Ladd Hanson sold 9,998 shares of the firm’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 sale, the insider owned 54,807 shares in the company, valued at $2,021,282.16. This trade represents a 15.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Samuel Zales sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $36.08, for a total transaction of $360,800.00. Following the sale, the chief operating officer owned 441,821 shares of the company’s stock, valued at approximately $15,940,901.68. The trade was a 2.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.99% of the company’s stock.

Analysts Set New Price Targets

CARG has been the topic of several recent research reports. Gordon Haskett initiated coverage on shares of CarGurus in a research report on Monday, July 14th. They issued a “hold” rating and a $35.00 price target on the stock. Zacks Research raised shares of CarGurus from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. JMP Securities reaffirmed a “market perform” rating and issued a $38.00 price target on shares of CarGurus in a research report on Wednesday, July 2nd. Wall Street Zen cut shares of CarGurus from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Citizens Jmp cut shares of CarGurus from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.54.

CarGurus Stock Performance

NASDAQ:CARG opened at $35.25 on Friday. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 1.66 and a beta of 1.52. CarGurus, Inc. has a 52 week low of $24.65 and a 52 week high of $41.33. The firm has a 50-day moving average price of $35.00 and a two-hundred day moving average price of $32.36.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. CarGurus had a net margin of 14.12% and a return on equity of 36.23%. The firm had revenue of $234.03 million during the quarter, compared to analyst estimates of $232.29 million. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. As a group, sell-side analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current year.

CarGurus Profile

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.