102,401 Shares in CarGurus, Inc. $CARG Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in CarGurus, Inc. (NASDAQ:CARG) in the first quarter, Holdings Channel.com reports. The firm bought 102,401 shares of the company’s stock, valued at approximately $3,487,000.

A number of other large investors have also made changes to their positions in the stock. Renaissance Technologies LLC lifted its position in CarGurus by 8.3% during the first quarter. Renaissance Technologies LLC now owns 343,727 shares of the company’s stock worth $11,704,000 after buying an additional 26,300 shares in the last quarter. Bollard Group LLC purchased a new stake in CarGurus in the 1st quarter valued at $971,000. Aristides Capital LLC increased its stake in shares of CarGurus by 11.6% in the 1st quarter. Aristides Capital LLC now owns 7,920 shares of the company’s stock worth $270,000 after acquiring an additional 825 shares during the last quarter. Gibbs Wealth Management boosted its position in shares of CarGurus by 63.7% during the 1st quarter. Gibbs Wealth Management now owns 27,694 shares of the company’s stock valued at $943,000 after acquiring an additional 10,780 shares during the last quarter. Finally, Lido Advisors LLC grew its holdings in shares of CarGurus by 17.4% in the first quarter. Lido Advisors LLC now owns 6,876 shares of the company’s stock valued at $234,000 after purchasing an additional 1,017 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jennifer Ladd Hanson sold 2,499 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $34.56, for a total value of $86,365.44. Following the completion of the transaction, the insider directly owned 92,894 shares of the company’s stock, valued at $3,210,416.64. This represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Matthew Todd Quinn sold 3,824 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $35.03, for a total transaction of $133,954.72. Following the sale, the chief technology officer directly owned 233,146 shares in the company, valued at approximately $8,167,104.38. The trade was a 1.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 25,559 shares of company stock worth $841,568. 18.19% of the stock is currently owned by corporate insiders.

CarGurus Stock Performance

Shares of CarGurus stock opened at $36.00 on Friday. CarGurus, Inc. has a one year low of $26.39 and a one year high of $39.42. The company has a market cap of $3.25 billion, a PE ratio of 23.68, a P/E/G ratio of 1.35 and a beta of 1.18. The business has a 50-day simple moving average of $31.87 and a 200-day simple moving average of $32.58.

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

Analysts Set New Price Targets

Several research firms have weighed in on CARG. JPMorgan Chase & Co. boosted their target price on shares of CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Wall Street Zen upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Freedom Capital raised shares of CarGurus to a “strong-buy” rating in a research report on Friday, June 12th. Citigroup began coverage on shares of CarGurus in a report on Friday, June 12th. They issued a “buy” rating for the company. Finally, UBS Group set a $35.00 price objective on CarGurus in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, CarGurus presently has a consensus rating of “Moderate Buy” and an average target price of $38.55.

CarGurus Company 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.