Tudor Investment Corp ET AL Lowers Holdings in CarGurus, Inc. $CARG

Tudor Investment Corp ET AL reduced its position in shares of CarGurus, Inc. (NASDAQ:CARG) by 11.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 222,760 shares of the company’s stock after selling 28,089 shares during the quarter. Tudor Investment Corp ET AL owned 0.23% of CarGurus worth $8,293,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in CarGurus by 20.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,864 shares of the company’s stock valued at $69,000 after purchasing an additional 321 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of CarGurus by 8.7% during the third quarter. GAMMA Investing LLC now owns 4,535 shares of the company’s stock valued at $169,000 after buying an additional 363 shares during the last quarter. Farther Finance Advisors LLC raised its position in CarGurus by 71.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock worth $40,000 after buying an additional 443 shares during the last quarter. Summit Global Investments lifted its stake in CarGurus by 1.7% during the 2nd quarter. Summit Global Investments now owns 33,305 shares of the company’s stock valued at $1,115,000 after acquiring an additional 570 shares during the period. Finally, CWM LLC boosted its holdings in shares of CarGurus by 15.5% during the 3rd quarter. CWM LLC now owns 4,265 shares of the company’s stock valued at $159,000 after acquiring an additional 573 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CARG shares. BTIG Research dropped their target price on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Oppenheimer lowered their target price on CarGurus from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. 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 research note on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CarGurus in a research note on Monday, December 29th. Finally, Royal Bank Of Canada lowered their price objective on CarGurus from $40.00 to $34.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $38.14.

CarGurus Trading Down 1.1%

NASDAQ:CARG opened at $33.60 on Monday. The business’s 50-day moving average is $31.68 and its 200 day moving average is $34.73. CarGurus, Inc. has a 12 month low of $24.65 and a 12 month high of $39.42. The company has a market capitalization of $3.20 billion, a P/E ratio of 21.68, a P/E/G ratio of 1.26 and a beta of 1.37.

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

Insider Activity

In other CarGurus news, insider Ismail Elshareef sold 1,645 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $32.21, for a total transaction of $52,985.45. Following the completion of the sale, the insider directly owned 91,822 shares of the company’s stock, valued at approximately $2,957,586.62. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen Kaufer purchased 30,766 shares of CarGurus stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average cost of $32.50 per share, for a total transaction of $999,895.00. Following the completion of the transaction, the director owned 323,939 shares of the company’s stock, valued at approximately $10,528,017.50. This represents a 10.49% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have sold 20,551 shares of company stock valued at $788,528. 17.20% 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.