567,314 Shares in CarGurus, Inc. $CARG Bought by William Blair Investment Management LLC

William Blair Investment Management LLC purchased a new position in shares of CarGurus, Inc. (NASDAQ:CARG) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 567,314 shares of the company’s stock, valued at approximately $21,756,000.

Several other institutional investors have also bought and sold shares of the stock. Horizon Investments LLC grew its holdings in CarGurus by 2.0% during the fourth quarter. Horizon Investments LLC now owns 16,375 shares of the company’s stock worth $628,000 after buying an additional 318 shares in the last quarter. ProShare Advisors LLC grew its holdings in CarGurus by 2.8% during the fourth quarter. ProShare Advisors LLC now owns 15,992 shares of the company’s stock worth $613,000 after buying an additional 436 shares in the last quarter. HighTower Advisors LLC grew its holdings in CarGurus by 7.8% during the fourth quarter. HighTower Advisors LLC now owns 7,094 shares of the company’s stock worth $272,000 after buying an additional 514 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in CarGurus by 5.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 17,363 shares of the company’s stock worth $646,000 after purchasing an additional 841 shares during the last quarter. Finally, AlphaQuest LLC boosted its position in CarGurus by 4.3% in the third quarter. AlphaQuest LLC now owns 22,130 shares of the company’s stock worth $824,000 after purchasing an additional 918 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

CarGurus Stock Performance

CARG stock opened at $28.24 on Tuesday. The stock’s fifty day simple moving average is $34.03 and its two-hundred day simple moving average is $34.16. CarGurus, Inc. has a 1-year low of $26.39 and a 1-year high of $39.42. The stock has a market cap of $2.55 billion, a P/E ratio of 18.58, a P/E/G ratio of 1.05 and a beta of 1.28.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on CARG shares. DA Davidson cut their price objective on CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Royal Bank Of Canada boosted their price objective on CarGurus from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Oppenheimer cut their price objective on CarGurus from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Wall Street Zen raised CarGurus from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Needham & Company LLC boosted their price objective on CarGurus from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, CarGurus currently has a consensus rating of “Hold” and a consensus price target of $38.23.

Insider Transactions at CarGurus

In other news, Director Stephen Kaufer purchased 30,766 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $32.50 per share, for a total transaction of $999,895.00. Following the purchase, the director owned 323,939 shares of the company’s stock, valued at $10,528,017.50. The trade was a 10.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Dafna Sarnoff sold 5,445 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $33.04, for a total value of $179,902.80. Following the transaction, the chief marketing officer owned 134,369 shares of the company’s stock, valued at $4,439,551.76. The trade was a 3.89% 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. Insiders have sold a total of 12,852 shares of company stock worth $431,053 over the last 90 days. 16.99% of the stock is owned by insiders.

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.