Alta Fox Capital Management LLC Acquires 174,844 Shares of CarGurus, Inc. $CARG

Alta Fox Capital Management LLC grew its holdings in shares of CarGurus, Inc. (NASDAQ:CARG) by 15.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,273,544 shares of the company’s stock after acquiring an additional 174,844 shares during the quarter. CarGurus makes up about 10.5% of Alta Fox Capital Management LLC’s holdings, making the stock its 4th biggest holding. Alta Fox Capital Management LLC’s holdings in CarGurus were worth $48,840,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Wellington Management Group LLP grew its position in shares of 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 purchasing an additional 594,670 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of CarGurus by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,101,437 shares of the company’s stock worth $80,602,000 after purchasing an additional 24,910 shares in the last quarter. Prevatt Capital Ltd grew its holdings in shares of 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 purchasing an additional 450,000 shares in the last quarter. Congress Asset Management Co. grew its holdings in shares of 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 purchasing an additional 54,937 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of 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 purchasing an additional 6,676 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Transactions at CarGurus

In other news, insider Jennifer Ladd Hanson sold 2,499 shares of CarGurus stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $35.61, for a total transaction of $88,989.39. Following the sale, the insider directly owned 98,191 shares of the company’s stock, valued at approximately $3,496,581.51. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CMO Dafna Sarnoff sold 5,445 shares of CarGurus stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $33.04, for a total value of $179,902.80. Following the sale, the chief marketing officer directly owned 134,369 shares in the company, valued at $4,439,551.76. The trade was 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. Over the last ninety days, insiders sold 20,924 shares of company stock valued at $669,419. Company insiders own 16.99% of the company’s stock.

CarGurus Stock Down 1.8%

Shares of CARG stock opened at $27.17 on Friday. The company has a market cap of $2.45 billion, a P/E ratio of 17.88, a P/E/G ratio of 0.99 and a beta of 1.20. CarGurus, Inc. has a twelve month low of $26.39 and a twelve month high of $39.42. The business has a fifty day simple moving average of $32.45 and a 200 day simple moving average of $33.55.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $243.10 million. During the same period last year, the firm posted $0.46 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. As a group, equities research analysts anticipate that CarGurus, Inc. will post 2.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Piper Sandler reissued a “sector weight” rating on shares of CarGurus in a report on Friday. Needham & Company LLC increased their target price on CarGurus from $37.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Oppenheimer reduced their target price on CarGurus from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Weiss Ratings lowered CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. increased their target price on CarGurus from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.79.

About CarGurus

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.