JPMorgan Chase & Co. Increases Stake in CarGurus, Inc. $CARG

JPMorgan Chase & Co. increased its stake in CarGurus, Inc. (NASDAQ:CARG) by 17.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 545,636 shares of the company’s stock after purchasing an additional 82,511 shares during the period. JPMorgan Chase & Co. owned 0.57% of CarGurus worth $20,314,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of CarGurus by 22.6% during the first quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock worth $2,186,000 after buying an additional 13,834 shares during the period. AQR Capital Management LLC increased its position in shares of CarGurus by 25.4% in the 1st quarter. AQR Capital Management LLC now owns 25,946 shares of the company’s stock valued at $756,000 after acquiring an additional 5,259 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of CarGurus by 3.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,845 shares of the company’s stock valued at $1,889,000 after acquiring an additional 1,890 shares during the period. Jane Street Group LLC raised its stake in CarGurus by 113.0% in the 1st quarter. Jane Street Group LLC now owns 123,305 shares of the company’s stock worth $3,592,000 after acquiring an additional 65,420 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in CarGurus by 3.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,728 shares of the company’s stock worth $727,000 after acquiring an additional 681 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CARG. Wall Street Zen downgraded CarGurus from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Jefferies Financial Group raised their price objective on CarGurus from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. UBS Group set a $38.00 target price on CarGurus in a report on Tuesday, February 24th. BTIG Research dropped their target price on CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, DA Davidson cut their price target on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a report on Friday, February 20th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $38.14.

CarGurus Stock Up 1.4%

Shares of CARG stock opened at $34.83 on Wednesday. CarGurus, Inc. has a 52-week low of $24.65 and a 52-week high of $39.42. The stock has a market cap of $3.32 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 1.29 and a beta of 1.37. The business has a 50-day simple moving average of $31.56 and a 200-day simple moving average of $34.70.

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

Insider Buying and Selling

In other CarGurus news, 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 value of $89,839.80. Following the completion of the transaction, the insider owned 50,466 shares of the company’s stock, valued at approximately $1,922,754.60. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen Kaufer bought 30,766 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average price of $32.50 per share, for a total transaction of $999,895.00. Following the completion of the transaction, the director directly owned 323,939 shares in the company, valued at approximately $10,528,017.50. This trade represents a 10.49% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 17.20% of the stock is currently owned by insiders.

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.