CarGurus, Inc. $CARG Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of CarGurus, Inc. (NASDAQ:CARG) by 88.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,470 shares of the company’s stock after selling 497,375 shares during the quarter. Thrivent Financial for Lutherans’ holdings in CarGurus were worth $2,396,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wellington Management Group LLP raised its stake in CarGurus by 6.6% during the 3rd quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company’s stock worth $358,773,000 after acquiring an additional 594,670 shares in the last quarter. Prevatt Capital Ltd raised its stake in CarGurus by 28.1% during the 3rd quarter. Prevatt Capital Ltd now owns 2,050,000 shares of the company’s stock worth $76,322,000 after acquiring an additional 450,000 shares in the last quarter. Congress Asset Management Co. raised its stake in CarGurus by 2.9% during the 4th quarter. Congress Asset Management Co. now owns 1,958,144 shares of the company’s stock worth $75,095,000 after acquiring an additional 54,937 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in CarGurus by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,914,925 shares of the company’s stock worth $64,093,000 after acquiring an additional 6,676 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in CarGurus by 11.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,888,766 shares of the company’s stock worth $70,319,000 after acquiring an additional 188,856 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of CarGurus from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Weiss Ratings lowered shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Needham & Company LLC lifted their price target on shares of CarGurus from $37.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. UBS Group lifted their price target on shares of CarGurus from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, BTIG Research cut their price target on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $38.23.

CarGurus Stock Performance

NASDAQ CARG opened at $28.24 on Tuesday. The firm has a market cap of $2.55 billion, a PE ratio of 18.58, a P/E/G ratio of 1.05 and a beta of 1.28. CarGurus, Inc. has a one year low of $26.39 and a one year high of $39.42. The firm’s fifty day moving average is $34.03 and its two-hundred day moving average is $34.16.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $243.56 million for the quarter, compared to analyst estimates of $243.10 million. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. CarGurus’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 earnings per share. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. Research analysts predict that CarGurus, Inc. will post 2.11 earnings per share for the current year.

Insider Buying and Selling at CarGurus

In other CarGurus news, Director Stephen Kaufer acquired 30,766 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were bought at an average cost of $32.50 per share, for a total transaction of $999,895.00. Following the completion of the purchase, the director owned 323,939 shares in the company, valued at $10,528,017.50. This trade represents a 10.49% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Dafna Sarnoff sold 5,445 shares of CarGurus stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $33.04, for a total transaction of $179,902.80. Following the completion of the transaction, the chief marketing officer owned 134,369 shares in the company, valued at approximately $4,439,551.76. This represents a 3.89% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 12,852 shares of company stock valued at $431,053. Company insiders own 16.99% of the company’s stock.

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.