14,308 Shares in CarGurus, Inc. $CARG Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC bought a new position in shares of CarGurus, Inc. (NASDAQ:CARG) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,308 shares of the company’s stock, valued at approximately $498,000.

Several other institutional investors also recently bought and sold shares of the stock. UBS Group AG lifted its position in shares of CarGurus by 158.2% in the third quarter. UBS Group AG now owns 1,537,856 shares of the company’s stock worth $57,254,000 after buying an additional 942,199 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of CarGurus by 6.6% during the 3rd quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company’s stock valued at $358,773,000 after acquiring an additional 594,670 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of CarGurus in the 4th quarter valued at approximately $21,756,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of CarGurus by 159,137.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 536,629 shares of the company’s stock valued at $22,787,000 after acquiring an additional 536,292 shares in the last quarter. Finally, Prevatt Capital Ltd raised its stake in shares of CarGurus by 28.1% in the 3rd quarter. Prevatt Capital Ltd now owns 2,050,000 shares of the company’s stock valued at $76,322,000 after acquiring an additional 450,000 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on CARG. Barclays assumed coverage on CarGurus in a research report on Thursday, May 28th. They set an “overweight” rating and a $35.00 target price for the company. Weiss Ratings lowered shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Wall Street Zen raised shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Freedom Capital upgraded shares of CarGurus to a “strong-buy” rating in a research note on Friday, June 12th. Finally, Royal Bank Of Canada upped their price objective on shares of CarGurus from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, CarGurus currently has an average rating of “Moderate Buy” and a consensus target price of $37.77.

Insider Activity

In other CarGurus news, General Counsel Javier Zamora sold 8,072 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $29.53, for a total value of $238,366.16. Following the completion of the transaction, the general counsel owned 103,061 shares of the company’s stock, valued at $3,043,391.33. This represents a 7.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jennifer Ladd Hanson sold 2,499 shares of the firm’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 sale, the insider owned 92,894 shares of the company’s stock, valued at $3,210,416.64. This represents a 2.62% 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 17,635 shares of company stock worth $560,351 over the last 90 days. Corporate insiders own 16.99% of the company’s stock.

CarGurus Price Performance

NASDAQ CARG opened at $36.24 on Friday. The company’s fifty day moving average is $31.38 and its two-hundred day moving average is $33.10. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $39.42. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 1.32 and a beta of 1.18.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.58 EPS for the quarter, beating 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 business had revenue of $243.56 million during the quarter, compared to analyst estimates of $243.10 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. As a group, sell-side analysts expect that CarGurus, Inc. will post 2.11 earnings per share for the current fiscal year.

About CarGurus

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.