CarGurus, Inc. $CARG Shares Sold by Leuthold Group LLC

Leuthold Group LLC lessened its position in shares of CarGurus, Inc. (NASDAQ:CARG) by 7.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 131,549 shares of the company’s stock after selling 10,490 shares during the period. Leuthold Group LLC owned about 0.13% of CarGurus worth $4,403,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Schroder Investment Management Group acquired a new stake in shares of CarGurus during the 2nd quarter valued at approximately $10,387,000. Skandinaviska Enskilda Banken AB publ bought a new stake in CarGurus during the second quarter valued at $746,000. Neuberger Berman Group LLC acquired a new stake in shares of CarGurus during the second quarter worth $216,000. Norges Bank acquired a new stake in shares of CarGurus during the second quarter worth $2,325,000. Finally, Capital Fund Management S.A. lifted its position in shares of CarGurus by 252.6% in the 2nd quarter. Capital Fund Management S.A. now owns 186,106 shares of the company’s stock worth $6,229,000 after buying an additional 133,331 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CARG shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CarGurus in a research report on Wednesday. UBS Group upped their target price on CarGurus from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, October 6th. JPMorgan Chase & Co. increased their price target on CarGurus from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Oppenheimer reduced their price objective on CarGurus from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Tuesday, August 12th. Finally, Citigroup increased their target price on CarGurus from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, CarGurus presently has a consensus rating of “Hold” and a consensus target price of $39.95.

Insider Activity at CarGurus

In related news, COO Samuel Zales sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $36.08, for a total transaction of $360,800.00. Following the sale, the chief operating officer owned 441,821 shares of the company’s stock, valued at $15,940,901.68. The trade was a 2.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Ladd Hanson sold 9,998 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $36.88, for a total value of $368,726.24. Following the transaction, the insider directly owned 54,807 shares of the company’s stock, valued at approximately $2,021,282.16. The trade was a 15.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 41,226 shares of company stock worth $1,471,482 over the last quarter. 16.99% of the stock is currently owned by company insiders.

CarGurus Stock Down 1.4%

Shares of NASDAQ CARG opened at $35.38 on Friday. The stock has a market cap of $3.38 billion, a P/E ratio of 24.06, a P/E/G ratio of 1.64 and a beta of 1.50. The firm’s 50-day simple moving average is $35.55 and its 200 day simple moving average is $33.99. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $41.33.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, November 6th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. CarGurus had a net margin of 16.41% and a return on equity of 41.31%. The firm had revenue of $238.70 million for the quarter, compared to analysts’ expectations of $234.57 million. During the same quarter last year, the company earned $0.45 EPS. CarGurus’s quarterly revenue was up 3.2% on a year-over-year basis. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS. Q4 2025 guidance at 0.610-0.670 EPS. On average, sell-side analysts anticipate that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.

CarGurus Company 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.