Fort Washington Investment Advisors Inc. OH Sells 350,633 Shares of CarGurus, Inc. $CARG

Fort Washington Investment Advisors Inc. OH lessened its stake in CarGurus, Inc. (NASDAQ:CARG) by 32.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 718,447 shares of the company’s stock after selling 350,633 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in CarGurus were worth $22,387,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of CarGurus during the 2nd quarter valued at $43,000. Farther Finance Advisors LLC grew its holdings in shares of CarGurus by 107.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,531 shares of the company’s stock valued at $48,000 after acquiring an additional 793 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of CarGurus by 356.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock valued at $83,000 after acquiring an additional 1,697 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of CarGurus by 20.2% during the 3rd quarter. Versant Capital Management Inc now owns 2,325 shares of the company’s stock valued at $72,000 after acquiring an additional 391 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of CarGurus by 28.3% in the first quarter. EverSource Wealth Advisors LLC now owns 3,778 shares of the company’s stock worth $129,000 after acquiring an additional 834 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CARG. Citigroup increased their price objective on CarGurus from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Royal Bank Of Canada lifted their price objective on CarGurus from $35.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Barclays lowered their target price on CarGurus from $41.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 6th. BTIG Research boosted their target price on CarGurus from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Wall Street Zen lowered CarGurus from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, CarGurus currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.95.

CarGurus Trading Up 0.9%

NASDAQ:CARG opened at $30.30 on Friday. CarGurus, Inc. has a 1 year low of $26.39 and a 1 year high of $41.22. The firm’s fifty day simple moving average is $33.51 and its 200 day simple moving average is $33.28. The firm has a market capitalization of $2.70 billion, a PE ratio of 14.57, a PEG ratio of 1.07 and a beta of 1.22.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, August 6th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.61 by $0.05. The firm had revenue of $250.97 million for the quarter, compared to the consensus estimate of $249.85 million. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. As a group, analysts anticipate that CarGurus, Inc. will post 2.17 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Samuel Zales sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $34.62, for a total value of $346,200.00. Following the sale, the chief operating officer directly owned 455,349 shares of the company’s stock, valued at approximately $15,764,182.38. This trade represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CMO Dafna Sarnoff sold 7,234 shares of CarGurus stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $29.62, for a total value of $214,271.08. Following the completion of the transaction, the chief marketing officer owned 94,884 shares in the company, valued at $2,810,464.08. The trade was a 7.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 68,187 shares of company stock valued at $2,388,447 in the last quarter. Insiders own 18.19% of the company’s stock.

CarGurus Company Profile

CarGurus, Inc is a digital automotive marketplace that connects consumers with dealerships and private sellers offering new and used vehicles. Its platform enables shoppers to search vehicle listings, compare prices and features, review dealership information, and evaluate vehicle deals using data-driven tools. CarGurus generates revenue primarily by providing automotive dealers with listing, advertising, and other digital marketing services.

The company also offers products designed to help dealers attract shoppers, manage vehicle listings, and support the online and in-person vehicle-buying process.