CarGurus, Inc. $CARG Shares Sold by Bosman Wealth Management LLC

Bosman Wealth Management LLC decreased its position in shares of CarGurus, Inc. (NASDAQ:CARG) by 65.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,065 shares of the company’s stock after selling 59,488 shares during the quarter. Bosman Wealth Management LLC’s holdings in CarGurus were worth $1,040,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. US Bancorp DE lifted its holdings in shares of CarGurus by 14.6% during the first quarter. US Bancorp DE now owns 3,733 shares of the company’s stock worth $109,000 after purchasing an additional 475 shares during the period. Fifth Third Bancorp lifted its holdings in shares of CarGurus by 121.7% during the second quarter. Fifth Third Bancorp now owns 1,419 shares of the company’s stock worth $47,000 after purchasing an additional 779 shares during the period. Signaturefd LLC boosted its stake in shares of CarGurus by 83.9% in 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 last quarter. Blue Trust Inc. boosted 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 worth $73,000 after buying an additional 829 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of CarGurus by 35.4% in the first quarter. GAMMA Investing LLC now owns 4,196 shares of the company’s stock worth $122,000 after buying an additional 1,097 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

CarGurus Stock Performance

NASDAQ:CARG opened at $37.45 on Tuesday. The stock has a market capitalization of $3.72 billion, a PE ratio of 30.45, a P/E/G ratio of 1.78 and a beta of 1.54. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $41.33. The company has a fifty day moving average of $34.21 and a two-hundred day moving average of $31.90.

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. CarGurus had a net margin of 14.12% and a return on equity of 36.23%. The business 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 company earned $0.41 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. Research analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JMP Securities restated a “market perform” rating and issued a $38.00 target price on shares of CarGurus in a research note on Wednesday, July 2nd. Needham & Company LLC upped their target price on CarGurus from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. BTIG Research restated a “buy” rating and issued a $39.00 target price on shares of CarGurus in a research note on Friday, September 5th. Gordon Haskett assumed coverage on CarGurus in a research note on Monday, July 14th. They issued a “hold” rating and a $35.00 target price on the stock. Finally, UBS Group upped their target price on CarGurus from $33.00 to $36.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.46.

Insider Transactions at CarGurus

In related news, General Counsel Javier Zamora sold 6,154 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $35.00, for a total value of $215,390.00. Following the completion of the sale, the general counsel owned 92,807 shares of the company’s stock, valued at approximately $3,248,245. This trade represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Samuel Zales sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $36.08, for a total value of $360,800.00. Following the sale, the chief operating officer directly owned 441,821 shares of the company’s stock, valued at approximately $15,940,901.68. This trade represents a 2.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,538 shares of company stock valued at $1,427,877. 17.20% of the stock is currently owned by company insiders.

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.