American Century Companies Inc. Boosts Stake in CarGurus, Inc. $CARG

American Century Companies Inc. raised its holdings in CarGurus, Inc. (NASDAQ:CARG) by 547.9% during the first quarter, Holdings Channel.com reports. The firm owned 1,398,341 shares of the company’s stock after purchasing an additional 1,182,499 shares during the period. American Century Companies Inc.’s holdings in CarGurus were worth $40,734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ethic Inc. raised its position in CarGurus by 29.6% in the first quarter. Ethic Inc. now owns 20,321 shares of the company’s stock valued at $594,000 after purchasing an additional 4,645 shares during the period. Fox Run Management L.L.C. purchased a new stake in CarGurus in the first quarter valued at $379,000. Sei Investments Co. raised its position in CarGurus by 13.5% in the first quarter. Sei Investments Co. now owns 164,253 shares of the company’s stock valued at $4,785,000 after purchasing an additional 19,544 shares during the period. Cookson Peirce & Co. Inc. raised its holdings in shares of CarGurus by 16.6% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 24,934 shares of the company’s stock valued at $726,000 after buying an additional 3,558 shares during the period. Finally, Boston Partners raised its holdings in shares of CarGurus by 1,641.2% in the 1st quarter. Boston Partners now owns 878,556 shares of the company’s stock valued at $25,363,000 after buying an additional 828,099 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Analysts Set New Price Targets

CARG has been the topic of several research analyst reports. UBS Group boosted their price objective on CarGurus from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, August 8th. JMP Securities reiterated a “market perform” rating and issued a $38.00 price objective on shares of CarGurus in a report on Wednesday, July 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $42.00 price objective on shares of CarGurus in a report on Monday, May 12th. Citigroup cut their price objective on CarGurus from $40.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, July 3rd. Finally, Citizens Jmp downgraded CarGurus from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 2nd. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, CarGurus has a consensus rating of “Hold” and a consensus price target of $38.13.

Insider Activity

In other news, CEO Zachary Emerson Hallowell sold 4,369 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $33.09, for a total transaction of $144,570.21. Following the completion of the transaction, the chief executive officer directly owned 121,584 shares of the company’s stock, valued at approximately $4,023,214.56. This represents a 3.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Javier Esquivel Zamora sold 12,265 shares of the company’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $31.37, for a total value of $384,753.05. Following the transaction, the general counsel directly owned 102,723 shares of the company’s stock, valued at approximately $3,222,420.51. This represents a 10.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,049 shares of company stock worth $1,616,397 over the last three months. Company insiders own 16.99% of the company’s stock.

CarGurus Price Performance

CARG opened at $31.74 on Thursday. CarGurus, Inc. has a 12 month low of $24.65 and a 12 month high of $41.33. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.54 and a beta of 1.42. The business has a fifty day moving average price of $32.67 and a 200 day moving average price of $31.79.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, August 7th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. CarGurus had a return on equity of 36.23% and a net margin of 14.12%.The firm had revenue of $234.03 million during the quarter, compared to analysts’ expectations of $232.29 million. During the same period in the previous year, the firm posted $0.41 EPS. CarGurus’s revenue for the quarter was up 7.0% on a year-over-year basis. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. On average, research analysts anticipate that CarGurus, Inc. will post 1.41 earnings per share for the current year.

CarGurus Profile

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.