Skandinaviska Enskilda Banken AB publ Increases Stock Holdings in CarGurus, Inc. $CARG

Skandinaviska Enskilda Banken AB publ lifted its position in shares of CarGurus, Inc. (NASDAQ:CARG) by 157.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 57,300 shares of the company’s stock after acquiring an additional 35,000 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in CarGurus were worth $2,133,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in CarGurus in the 2nd quarter valued at about $27,000. Farther Finance Advisors LLC lifted its holdings in shares of CarGurus by 71.1% in the third quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock valued at $40,000 after purchasing an additional 443 shares in the last quarter. MAI Capital Management grew its position in shares of CarGurus by 661.0% in the second quarter. MAI Capital Management now owns 1,172 shares of the company’s stock valued at $39,000 after purchasing an additional 1,018 shares during the last quarter. First Horizon Corp purchased a new position in shares of CarGurus during the 3rd quarter worth approximately $51,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of CarGurus by 491.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after purchasing an additional 1,362 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Key CarGurus News

Here are the key news stories impacting CarGurus this week:

• Positive Sentiment: Q4 EPS beat and strong profitability: CarGurus reported $0.63 EPS vs. $0.61 consensus and showed healthy margins and return on equity, giving confidence in earnings quality. MarketBeat: Q4 results
• Positive Sentiment: Raised revenue guidance for FY2026 and Q1: Management set FY revenue around $997.7M–$1.0B (above consensus ~$970.9M) and Q1 revenue guidance $240.5M–$245.5M (slightly above the $238.8M consensus), which supports top-line momentum. GlobeNewswire: Earnings release
• Positive Sentiment: Share buyback support: CarGurus repurchased ~ $350M in 2025 and announced a new $250M repurchase program for 2026 — a clear capital-return signal that can lift EPS and shareholder value. GlobeNewswire: Buyback details
• Positive Sentiment: AI and international growth narrative: Management is accelerating AI-driven product launches and emphasizing international expansion, which analysts highlight as multi-year growth drivers. Seeking Alpha: AI & guidance
• Neutral Sentiment: Mixed guidance nuance — EPS vs. revenue: Q1 EPS guide (0.520–0.580) centers near/barely under consensus (0.560), while revenue guidance is modestly above consensus — investors should watch upcoming quarters to see if EPS catches up to revenue strength. Company slide deck
• Negative Sentiment: Revenue miss in quarter: Reported Q4 revenue ($209.1M) came in well below the consensus (~$239M), which tempers the EPS beat and may worry revenue-focused investors. MarketBeat: Revenue details
• Negative Sentiment: Analyst price-target cuts: RBC and DA Davidson trimmed targets (RBC $40→$34; DA Davidson $37.50→$33.50), which can cap near-term upside despite some analysts retaining positive ratings. The Fly: RBC note
• Negative Sentiment: Data-security headline: An alleged breach (1.7M records) reported by ShinyHunters creates reputational and potential regulatory risk; investors may view this as a short-term headwind. MSN: Data-breach report

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CARG. Needham & Company LLC reduced their target price on CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. DA Davidson reduced their price objective on CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a research report on Friday. Citigroup increased their price objective on CarGurus from $37.00 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of CarGurus in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of CarGurus from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $38.50.

CarGurus Trading Up 3.3%

Shares of NASDAQ:CARG opened at $30.17 on Friday. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.13 and a beta of 1.35. The stock’s 50-day moving average price is $34.28 and its two-hundred day moving average price is $34.82. CarGurus, Inc. has a 12-month low of $24.65 and a 12-month high of $39.42.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. CarGurus had a net margin of 16.60% and a return on equity of 46.62%. The company had revenue of $209.09 million during the quarter, compared to the consensus estimate of $239.07 million. During the same quarter in the prior year, the company posted $0.55 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. As a group, research analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CarGurus news, CEO Jason Trevisan sold 20,000 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $37.00, for a total transaction of $740,000.00. Following the transaction, the chief executive officer owned 655,483 shares of the company’s stock, valued at $24,252,871. This trade represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Ladd Hanson sold 2,358 shares of CarGurus stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $38.10, for a total transaction of $89,839.80. Following the completion of the transaction, the insider owned 50,466 shares in the company, valued at approximately $1,922,754.60. This trade represents a 4.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 49,003 shares of company stock valued at $1,858,494. Insiders own 16.99% of the company’s stock.

About CarGurus

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.