Yousif Capital Management LLC Sells 744 Shares of CarGurus, Inc. $CARG

Yousif Capital Management LLC lessened its holdings in shares of CarGurus, Inc. (NASDAQ:CARG) by 2.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,507 shares of the company’s stock after selling 744 shares during the quarter. Yousif Capital Management LLC’s holdings in CarGurus were worth $1,055,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CARG. GAMMA Investing LLC increased its stake in CarGurus by 35.4% during the 1st quarter. GAMMA Investing LLC now owns 4,196 shares of the company’s stock valued at $122,000 after purchasing an additional 1,097 shares in the last quarter. Blue Trust Inc. boosted its holdings in CarGurus by 49.8% during the 1st quarter. Blue Trust Inc. now owns 2,494 shares of the company’s stock worth $73,000 after acquiring an additional 829 shares during the last quarter. Bessemer Group Inc. boosted its holdings in CarGurus by 237,430.8% during the 1st quarter. Bessemer Group Inc. now owns 731,595 shares of the company’s stock worth $21,312,000 after acquiring an additional 731,287 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in CarGurus by 37.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 76,095 shares of the company’s stock worth $2,217,000 after acquiring an additional 20,834 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in CarGurus by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 482,484 shares of the company’s stock worth $14,055,000 after acquiring an additional 10,787 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CARG shares. Citigroup cut their price objective on shares of CarGurus from $40.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, July 3rd. Wall Street Zen downgraded shares of CarGurus from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. JPMorgan Chase & Co. lifted their price objective on shares of CarGurus from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. UBS Group lifted their price objective on shares of CarGurus from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Finally, BTIG Research reaffirmed a “buy” rating and set a $39.00 price objective on shares of CarGurus in a report on Friday, September 5th. Five investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.68.

Insider Transactions at CarGurus

In other CarGurus news, COO Samuel Zales sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $36.08, for a total transaction of $360,800.00. Following the sale, the chief operating officer directly owned 441,821 shares of the company’s stock, valued at $15,940,901.68. This represents a 2.21% 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, insider Jennifer Ladd Hanson sold 9,998 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $36.88, for a total transaction of $368,726.24. Following the sale, the insider directly owned 54,807 shares in the company, valued at approximately $2,021,282.16. This trade represents a 15.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,998 shares of company stock worth $1,078,726 over the last three months. 17.20% of the stock is owned by insiders.

CarGurus Stock Performance

Shares of NASDAQ:CARG opened at $36.02 on Wednesday. The company’s 50-day moving average is $35.34 and its 200 day moving average is $32.55. The company has a market capitalization of $3.58 billion, a P/E ratio of 29.28, a price-to-earnings-growth ratio of 1.70 and a beta of 1.52. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $41.33.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $234.03 million for the quarter, compared to the consensus estimate of $232.29 million. CarGurus had a net margin of 14.12% and a return on equity of 36.23%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. As a group, research analysts predict that CarGurus, Inc. will post 1.41 earnings per share for the current year.

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.