Intech Investment Management LLC Has $1.86 Million Holdings in CarGurus, Inc. $CARG

Intech Investment Management LLC cut its holdings in CarGurus, Inc. (NASDAQ:CARG) by 67.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 48,561 shares of the company’s stock after selling 102,396 shares during the quarter. Intech Investment Management LLC’s holdings in CarGurus were worth $1,862,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CARG. Brown Brothers Harriman & Co. acquired a new stake in shares of CarGurus in the third quarter valued at approximately $46,000. Torren Management LLC acquired a new stake in shares of CarGurus in the fourth quarter valued at approximately $49,000. EverSource Wealth Advisors LLC raised its holdings in shares of CarGurus by 491.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after purchasing an additional 1,362 shares during the last quarter. Clearstead Advisors LLC raised its holdings in shares of CarGurus by 321.2% in the fourth quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock valued at $82,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of CarGurus in the second quarter valued at approximately $87,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

CarGurus Trading Up 0.4%

NASDAQ:CARG opened at $27.37 on Friday. CarGurus, Inc. has a 1-year low of $26.39 and a 1-year high of $39.42. The firm has a fifty day simple moving average of $33.31 and a 200 day simple moving average of $33.83. The stock has a market capitalization of $2.47 billion, a PE ratio of 18.01, a P/E/G ratio of 1.00 and a beta of 1.20.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The business had revenue of $243.56 million during the quarter, compared to analysts’ expectations of $243.10 million. During the same period last year, the business earned $0.46 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, equities analysts predict that CarGurus, Inc. will post 2.11 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Dafna Sarnoff sold 5,445 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $33.04, for a total value of $179,902.80. Following the completion of the transaction, the chief marketing officer directly owned 134,369 shares of the company’s stock, valued at approximately $4,439,551.76. This trade represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Javier Zamora sold 8,072 shares of CarGurus stock in a transaction on Monday, June 1st. The stock was sold at an average price of $29.53, for a total transaction of $238,366.16. Following the transaction, the general counsel directly owned 103,061 shares of the company’s stock, valued at approximately $3,043,391.33. This trade represents a 7.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 20,924 shares of company stock valued at $669,419 over the last three months. Corporate insiders own 16.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on CARG shares. Needham & Company LLC lifted their price objective on shares of CarGurus from $37.00 to $43.00 and gave the company a “buy” rating in a report on Friday, May 8th. BTIG Research lowered their price objective on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, February 20th. DA Davidson lowered their price objective on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a report on Friday, February 20th. Barclays initiated coverage on shares of CarGurus in a report on Thursday, May 28th. They issued an “overweight” rating and a $35.00 price objective on the stock. Finally, Oppenheimer decreased their target price on shares of CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, CarGurus has an average rating of “Hold” and a consensus price target of $37.79.

CarGurus 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.