CarGurus, Inc. $CARG Holdings Decreased by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of CarGurus, Inc. (NASDAQ:CARG) by 83.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,588 shares of the company’s stock after selling 32,224 shares during the period. SG Americas Securities LLC’s holdings in CarGurus were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Horizon Investments LLC grew its stake in CarGurus by 2.0% during the 4th quarter. Horizon Investments LLC now owns 16,375 shares of the company’s stock valued at $628,000 after acquiring an additional 318 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of CarGurus by 2.8% in the fourth quarter. ProShare Advisors LLC now owns 15,992 shares of the company’s stock worth $613,000 after purchasing an additional 436 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of CarGurus by 7.8% during the fourth quarter. HighTower Advisors LLC now owns 7,094 shares of the company’s stock worth $272,000 after purchasing an additional 514 shares during the period. Illinois Municipal Retirement Fund grew its position in CarGurus by 1.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 43,583 shares of the company’s stock valued at $1,671,000 after purchasing an additional 679 shares in the last quarter. Finally, Covestor Ltd increased its stake in CarGurus by 37.3% in the 4th quarter. Covestor Ltd now owns 3,535 shares of the company’s stock valued at $136,000 after buying an additional 961 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.

CarGurus Stock Down 0.9%

CARG stock traded down $0.32 during midday trading on Friday, hitting $34.18. 925,376 shares of the company traded hands, compared to its average volume of 1,371,398. CarGurus, Inc. has a twelve month low of $26.39 and a twelve month high of $39.42. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 1.25 and a beta of 1.18. The business has a 50 day simple moving average of $31.12 and a 200-day simple moving average of $32.97.

CarGurus (NASDAQ:CARG) last posted its earnings results on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $243.56 million for the quarter, compared to analyst estimates of $243.10 million. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. CarGurus’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. Equities research analysts forecast that CarGurus, Inc. will post 2.11 EPS for the current year.

Insider Buying and Selling

In other CarGurus news, General Counsel Javier Zamora sold 8,072 shares of the firm’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 sale, the general counsel owned 103,061 shares of the company’s stock, valued at $3,043,391.33. This trade represents a 7.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Matthew Todd Quinn sold 3,824 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $35.03, for a total value of $133,954.72. Following the transaction, the chief technology officer owned 233,146 shares of the company’s stock, valued at approximately $8,167,104.38. This trade represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 25,559 shares of company stock valued at $841,568. Insiders own 16.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CARG shares. Citigroup assumed coverage on shares of CarGurus in a research note on Friday, June 12th. They set a “buy” rating for the company. Piper Sandler restated a “sector weight” rating on shares of CarGurus in a research note on Friday, June 12th. UBS Group set a $35.00 price target on CarGurus in a report on Thursday, May 28th. JPMorgan Chase & Co. raised their price objective on shares of CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Weiss Ratings lowered shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.77.

CarGurus 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.