CarGurus, Inc. $CARG Shares Sold by Inflection Point Investments LLP

Inflection Point Investments LLP trimmed its holdings in CarGurus, Inc. (NASDAQ:CARGFree Report) by 35.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 145,204 shares of the company’s stock after selling 79,310 shares during the period. CarGurus comprises about 9.2% of Inflection Point Investments LLP’s investment portfolio, making the stock its 6th largest holding. Inflection Point Investments LLP owned about 0.14% of CarGurus worth $4,860,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CARG. Vanguard Group Inc. boosted its holdings in shares of CarGurus by 1.0% in the first quarter. Vanguard Group Inc. now owns 9,780,608 shares of the company’s stock valued at $284,909,000 after buying an additional 93,722 shares during the period. Wellington Management Group LLP boosted its position in shares of CarGurus by 12.7% during the first quarter. Wellington Management Group LLP now owns 8,052,180 shares of the company’s stock worth $234,560,000 after buying an additional 906,830 shares during the period. Invesco Ltd. boosted its position 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 buying an additional 1,242,076 shares during the period. Prevatt Capital Ltd boosted its position in shares of CarGurus by 3.7% during the first quarter. Prevatt Capital Ltd now owns 1,400,000 shares of the company’s stock worth $40,782,000 after buying an additional 50,000 shares during the period. Finally, American Century Companies Inc. boosted its position in CarGurus by 547.9% during the 1st quarter. American Century Companies Inc. now owns 1,398,341 shares of the company’s stock worth $40,734,000 after acquiring an additional 1,182,499 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CarGurus

In other news, insider Jennifer Ladd Hanson sold 9,998 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $36.88, for a total value of $368,726.24. Following the completion of the sale, the insider directly owned 54,807 shares of the company’s stock, valued at $2,021,282.16. This trade represents a 15.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Zachary Emerson Hallowell sold 1,733 shares of the firm’s stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $33.84, for a total value of $58,644.72. Following the completion of the sale, the chief executive officer directly owned 117,045 shares of the company’s stock, valued at approximately $3,960,802.80. The trade was a 1.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,731 shares of company stock worth $1,126,971. Insiders own 17.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Zacks Research raised CarGurus from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Needham & Company LLC increased their target price on shares of CarGurus from $39.00 to $44.00 and gave the stock a “buy” 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. JMP Securities restated a “market perform” rating and set a $38.00 price objective on shares of CarGurus in a research note on Wednesday, July 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CarGurus in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.79.

View Our Latest Analysis on CARG

CarGurus Trading Up 1.5%

NASDAQ CARG opened at $33.99 on Tuesday. The company has a market cap of $3.37 billion, a PE ratio of 27.63, a PEG ratio of 1.59 and a beta of 1.52. The stock has a 50 day moving average of $34.79 and a 200-day moving average of $32.28. CarGurus, Inc. has a 12 month low of $24.65 and a 12 month high of $41.33.

CarGurus (NASDAQ:CARGGet Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.57 EPS for the quarter, beating 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 firm had revenue of $234.03 million during the quarter, compared to analysts’ expectations of $232.29 million. During the same quarter last year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. As a group, sell-side analysts predict that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

CarGurus Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CarGurus (NASDAQ:CARG)

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