Segall Bryant & Hamill LLC Acquires New Stake in CarGurus, Inc. $CARG

Segall Bryant & Hamill LLC bought a new position in CarGurus, Inc. (NASDAQ:CARG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 94,056 shares of the company’s stock, valued at approximately $3,502,000. Segall Bryant & Hamill LLC owned about 0.09% of CarGurus as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in CARG. The Manufacturers Life Insurance Company increased its position in shares of CarGurus by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,914,925 shares of the company’s stock valued at $64,093,000 after purchasing an additional 6,676 shares during the last quarter. Congress Asset Management Co. bought a new stake in CarGurus during the third quarter valued at approximately $70,856,000. Invesco Ltd. grew its position in CarGurus by 6.9% during the second quarter. Invesco Ltd. now owns 1,717,321 shares of the company’s stock valued at $57,479,000 after buying an additional 110,452 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in CarGurus by 22.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,699,910 shares of the company’s stock valued at $56,896,000 after buying an additional 311,287 shares during the last quarter. Finally, Boston Partners raised its position in CarGurus by 26.2% in the second quarter. Boston Partners now owns 1,109,048 shares of the company’s stock worth $36,845,000 after acquiring an additional 230,492 shares during the period. 86.90% of the stock is currently owned by institutional investors.

Insider Activity at CarGurus

In other news, CEO Jason Trevisan sold 16,548 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $39.02, for a total value of $645,702.96. Following the transaction, the chief executive officer owned 630,483 shares of the company’s stock, valued at approximately $24,601,446.66. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ismail Elshareef sold 1,645 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $32.21, for a total transaction of $52,985.45. Following the transaction, the insider owned 91,822 shares of the company’s stock, valued at approximately $2,957,586.62. This represents a 1.76% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 49,003 shares of company stock worth $1,858,494. 16.99% of the stock is currently owned by corporate insiders.

CarGurus Stock Up 2.0%

Shares of CarGurus stock opened at $34.20 on Friday. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.25 and a beta of 1.37. The stock’s 50-day simple moving average is $32.93 and its 200-day simple moving average is $34.80. CarGurus, Inc. has a 52 week low of $24.65 and a 52 week high of $39.42.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, February 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. CarGurus had a return on equity of 47.50% and a net margin of 16.60%.The firm had revenue of $209.09 million during the quarter, compared to analysts’ expectations of $239.07 million. During the same quarter last year, the business posted $0.55 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. On average, equities analysts expect that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

CARG has been the subject of a number of recent research reports. DA Davidson cut their price objective on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating for the company in a research report on Friday, February 20th. Needham & Company LLC cut their price target on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Wall Street Zen cut CarGurus from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Jefferies Financial Group lifted their price objective on CarGurus from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Finally, UBS Group set a $38.00 target price on shares of CarGurus in a report on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $38.14.

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.