Y Intercept Hong Kong Ltd Buys Shares of 49,247 CarGurus, Inc. $CARG

Y Intercept Hong Kong Ltd purchased a new position in shares of CarGurus, Inc. (NASDAQ:CARG) in the 3rd quarter, Holdings Channel reports. The firm purchased 49,247 shares of the company’s stock, valued at approximately $1,833,000.

Other institutional investors have also made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in CarGurus in the second quarter valued at $27,000. Private Wealth Asset Management LLC acquired a new position in shares of CarGurus during the 2nd quarter worth about $29,000. MAI Capital Management grew its holdings in shares of CarGurus by 661.0% in the 2nd quarter. MAI Capital Management now owns 1,172 shares of the company’s stock valued at $39,000 after acquiring an additional 1,018 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in CarGurus by 71.1% during the third quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock worth $40,000 after acquiring an additional 443 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in CarGurus by 121.7% during the second quarter. Fifth Third Bancorp now owns 1,419 shares of the company’s stock worth $47,000 after acquiring an additional 779 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CARG. Jefferies Financial Group boosted their price target on CarGurus from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. UBS Group upped their price objective on shares of CarGurus from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Wall Street Zen downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Citigroup increased their price target on shares of CarGurus from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Finally, DA Davidson set a $37.50 price objective on CarGurus in a report on Monday, November 17th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $40.86.

CarGurus Stock Performance

Shares of CARG stock opened at $33.01 on Friday. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $41.33. The company has a market cap of $3.15 billion, a PE ratio of 22.46, a P/E/G ratio of 1.36 and a beta of 1.36. The stock’s fifty day moving average price is $36.60 and its two-hundred day moving average price is $35.29.

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

Insider Buying and Selling

In other CarGurus news, COO Samuel Zales sold 10,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $34.98, for a total value of $349,800.00. Following the sale, the chief operating officer owned 410,259 shares in the company, valued at approximately $14,350,859.82. The trade was a 2.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jason Trevisan sold 20,000 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $37.00, for a total value of $740,000.00. Following the completion of the sale, the chief executive officer directly owned 655,483 shares of the company’s stock, valued at approximately $24,252,871. The trade was a 2.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 58,586 shares of company stock valued at $2,198,264 in the last quarter. 16.99% of the stock is currently owned by company insiders.

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.