Algert Global LLC Trims Holdings in CarGurus, Inc. $CARG

Algert Global LLC reduced its stake in CarGurus, Inc. (NASDAQ:CARG) by 11.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 111,484 shares of the company’s stock after selling 14,570 shares during the quarter. Algert Global LLC owned 0.11% of CarGurus worth $3,248,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. GeoWealth Management LLC purchased a new stake in CarGurus in the fourth quarter valued at approximately $49,000. Signaturefd LLC boosted its position in shares of CarGurus by 83.9% during the first quarter. Signaturefd LLC now owns 1,751 shares of the company’s stock worth $51,000 after buying an additional 799 shares during the period. Blue Trust Inc. grew its stake in shares of CarGurus by 49.8% in the first quarter. Blue Trust Inc. now owns 2,494 shares of the company’s stock valued at $73,000 after buying an additional 829 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of CarGurus by 695.4% in the 1st quarter. Versant Capital Management Inc now owns 2,593 shares of the company’s stock valued at $76,000 after buying an additional 2,267 shares during the period. Finally, Bayforest Capital Ltd acquired a new position in CarGurus during the 1st quarter worth about $76,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

CarGurus Stock Performance

CARG stock opened at $32.45 on Wednesday. The company’s 50 day moving average price is $32.69 and its 200 day moving average price is $31.79. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 1.59 and a beta of 1.42. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $41.33.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.57 EPS for the quarter, topping 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 company had revenue of $234.03 million during the quarter, compared to analysts’ expectations of $232.29 million. During the same quarter in the previous year, the business posted $0.41 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. Equities analysts forecast that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CARG shares. Royal Bank Of Canada restated an “outperform” rating and set a $42.00 target price on shares of CarGurus in a report on Monday, May 12th. JMP Securities reissued a “market perform” rating and set a $38.00 price target on shares of CarGurus in a research report on Wednesday, July 2nd. UBS Group lifted their price objective on shares of CarGurus from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Citizens Jmp downgraded shares of CarGurus from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 2nd. Finally, Citigroup decreased their price target on shares of CarGurus from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, July 3rd. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $38.13.

Insider Transactions at CarGurus

In other news, General Counsel Javier Zamora sold 6,154 shares of the company’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $35.00, for a total transaction of $215,390.00. Following the completion of the transaction, the general counsel directly owned 92,807 shares of the company’s stock, valued at approximately $3,248,245. This represents a 6.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ismail Elshareef sold 5,246 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $31.37, for a total value of $164,567.02. Following the completion of the transaction, the insider owned 107,007 shares in the company, valued at approximately $3,356,809.59. The trade was a 4.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,049 shares of company stock valued at $1,616,397 over the last ninety days. Company insiders own 17.20% of the company’s stock.

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.