Pacer Advisors Inc. Acquires 255,661 Shares of CarGurus, Inc. $CARG

Pacer Advisors Inc. lifted its stake in CarGurus, Inc. (NASDAQ:CARG) by 5,046.6% in the 4th quarter, HoldingsChannel reports. The firm owned 260,727 shares of the company’s stock after acquiring an additional 255,661 shares during the period. Pacer Advisors Inc.’s holdings in CarGurus were worth $9,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. bought a new position in CarGurus in the 3rd quarter worth $46,000. Torren Management LLC bought a new stake in CarGurus during the fourth quarter valued at about $49,000. EverSource Wealth Advisors LLC grew its holdings in CarGurus by 491.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after purchasing an additional 1,362 shares during the period. Clearstead Advisors LLC increased its position in CarGurus by 321.2% in the fourth quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock worth $82,000 after buying an additional 1,622 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in CarGurus in the second quarter worth about $87,000. 86.90% of the stock is owned by institutional investors.

Insider Transactions at CarGurus

In other CarGurus news, insider Jennifer Ladd Hanson sold 2,499 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $35.61, for a total transaction of $88,989.39. Following the completion of the transaction, the insider owned 98,191 shares in the company, valued at $3,496,581.51. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Matthew Todd Quinn sold 4,341 shares of CarGurus stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $33.04, for a total value of $143,426.64. Following the completion of the sale, the chief technology officer directly owned 246,098 shares in the company, valued at approximately $8,131,077.92. The trade was a 1.73% decrease in their position. 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 have sold a total of 20,924 shares of company stock valued at $669,419 over the last three months. Corporate insiders own 17.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CARG shares. Freedom Capital raised CarGurus to a “strong-buy” rating in a research report on Friday, June 12th. Wall Street Zen lowered shares of CarGurus from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings cut shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Barclays started coverage on shares of CarGurus in a report on Thursday, May 28th. They set an “overweight” rating and a $35.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of CarGurus from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, CarGurus has an average rating of “Moderate Buy” and a consensus price target of $37.79.

CarGurus Stock Performance

Shares of NASDAQ CARG opened at $30.02 on Monday. The company has a market cap of $2.71 billion, a P/E ratio of 19.75, a P/E/G ratio of 1.10 and a beta of 1.20. The firm’s fifty day moving average is $31.97 and its two-hundred day moving average is $33.31. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $39.42.

CarGurus (NASDAQ:CARG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $243.56 million during the quarter, compared to the consensus estimate of $243.10 million. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS. 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 EPS for the current fiscal year.

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.