Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in CarGurus, Inc. $CARG

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of CarGurus, Inc. (NASDAQ:CARG) by 25.5% in the third quarter, HoldingsChannel reports. The fund owned 140,420 shares of the company’s stock after acquiring an additional 28,549 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in CarGurus were worth $5,228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in CarGurus during the second quarter valued at approximately $27,000. Private Wealth Asset Management LLC bought a new stake in shares of CarGurus during the 2nd quarter valued at $29,000. MAI Capital Management raised its position in shares of CarGurus by 661.0% during the 2nd quarter. MAI Capital Management now owns 1,172 shares of the company’s stock valued at $39,000 after purchasing an additional 1,018 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of CarGurus by 71.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock valued at $40,000 after buying an additional 443 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in CarGurus by 121.7% in the 2nd quarter. Fifth Third Bancorp now owns 1,419 shares of the company’s stock worth $47,000 after buying an additional 779 shares during the period. Institutional investors own 86.90% of the company’s stock.

CarGurus Stock Up 0.7%

Shares of CarGurus stock opened at $34.23 on Tuesday. CarGurus, Inc. has a twelve month low of $24.65 and a twelve month high of $41.33. The business has a 50-day moving average price of $36.64 and a 200-day moving average price of $35.32. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 1.39 and a beta of 1.36.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $238.70 million during the quarter, compared to analyst estimates of $234.57 million. CarGurus had a return on equity of 41.31% and a net margin of 16.41%.The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. On average, equities analysts expect that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Insider Transactions at CarGurus

In related news, insider Ismail Elshareef sold 1,228 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $34.98, for a total transaction of $42,955.44. Following the sale, the insider owned 95,907 shares of the company’s stock, valued at $3,354,826.86. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Samuel Zales sold 10,000 shares of CarGurus stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $34.98, for a total transaction of $349,800.00. Following the completion of the transaction, the chief operating officer directly owned 410,259 shares of the company’s stock, valued at $14,350,859.82. The trade was a 2.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 58,586 shares of company stock valued at $2,198,264 over the last quarter. 17.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on CARG. JPMorgan Chase & Co. raised their price target on CarGurus from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Wall Street Zen cut CarGurus from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. BTIG Research lifted their target price on CarGurus from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, December 30th. Jefferies Financial Group upped their price target on CarGurus from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, DA Davidson set a $37.50 price objective on shares of CarGurus in a report on Monday, November 17th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, CarGurus currently has a consensus rating of “Hold” and an average price target of $40.86.

CarGurus Company 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.