74,728 Shares in CarGurus, Inc. $CARG Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of CarGurus, Inc. (NASDAQ:CARG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 74,728 shares of the company’s stock, valued at approximately $2,501,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.07% of CarGurus at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CARG. Invesco Ltd. raised its holdings in shares of CarGurus by 340.5% during the first quarter. Invesco Ltd. now owns 1,606,869 shares of the company’s stock worth $46,808,000 after purchasing an additional 1,242,076 shares during the last quarter. American Century Companies Inc. increased its holdings in CarGurus by 547.9% in the first quarter. American Century Companies Inc. now owns 1,398,341 shares of the company’s stock valued at $40,734,000 after buying an additional 1,182,499 shares in the last quarter. Wellington Management Group LLP increased its holdings in CarGurus by 12.7% in the first quarter. Wellington Management Group LLP now owns 8,052,180 shares of the company’s stock valued at $234,560,000 after buying an additional 906,830 shares in the last quarter. Boston Partners increased its holdings in CarGurus by 1,641.2% in the first quarter. Boston Partners now owns 878,556 shares of the company’s stock valued at $25,363,000 after buying an additional 828,099 shares in the last quarter. Finally, Nuveen LLC purchased a new position in CarGurus in the first quarter valued at $21,884,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Analyst Ratings Changes

CARG has been the subject of a number of recent analyst reports. Citizens Jmp cut shares of CarGurus from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 2nd. UBS Group lifted their price objective on shares of CarGurus from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Zacks Research cut shares of CarGurus from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. JMP Securities reaffirmed a “market perform” rating and issued a $38.00 price objective on shares of CarGurus in a report on Wednesday, July 2nd. Finally, Needham & Company LLC lifted their price objective on shares of CarGurus from $39.00 to $44.00 and gave the company a “buy” rating in a report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $39.68.

Insider Transactions at CarGurus

In related news, insider Jennifer Ladd Hanson sold 9,998 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $36.88, for a total transaction of $368,726.24. Following the transaction, the insider directly owned 54,807 shares in the company, valued at approximately $2,021,282.16. The trade was a 15.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Samuel Zales sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $34.92, for a total transaction of $349,200.00. Following the transaction, the chief operating officer owned 420,259 shares in the company, valued at $14,675,444.28. The trade was a 2.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,998 shares of company stock valued at $1,078,726 in the last three months. Corporate insiders own 17.20% of the company’s stock.

CarGurus Stock Up 0.7%

CARG stock opened at $36.02 on Wednesday. The stock has a market capitalization of $3.58 billion, a P/E ratio of 29.28, a P/E/G ratio of 1.70 and a beta of 1.52. The firm has a 50-day simple moving average of $35.34 and a 200-day simple moving average of $32.55. CarGurus, Inc. has a 52 week low of $24.65 and a 52 week high of $41.33.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, August 7th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $234.03 million during the quarter, compared to analysts’ expectations of $232.29 million. CarGurus had a net margin of 14.12% and a return on equity of 36.23%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 earnings per share. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. On average, analysts expect that CarGurus, Inc. will post 1.41 earnings per share for the current year.

CarGurus Company 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.