TD Asset Management Inc Sells 801 Shares of CarGurus, Inc. $CARG

TD Asset Management Inc lessened its holdings in shares of CarGurus, Inc. (NASDAQ:CARG) by 3.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,572 shares of the company’s stock after selling 801 shares during the quarter. TD Asset Management Inc’s holdings in CarGurus were worth $822,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its position in shares of CarGurus by 121.7% in the second quarter. Fifth Third Bancorp now owns 1,419 shares of the company’s stock valued at $47,000 after acquiring an additional 779 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of CarGurus in the first quarter valued at approximately $46,000. Signaturefd LLC boosted its position in shares of CarGurus by 83.9% in the first quarter. Signaturefd LLC now owns 1,751 shares of the company’s stock valued at $51,000 after acquiring an additional 799 shares during the period. Blue Trust Inc. boosted its position in shares of CarGurus by 49.8% in the first quarter. Blue Trust Inc. now owns 2,494 shares of the company’s stock valued at $73,000 after acquiring an additional 829 shares during the period. Finally, Bayforest Capital Ltd bought a new position in shares of CarGurus in the first quarter valued at approximately $76,000. Institutional investors own 86.90% of the company’s stock.

CarGurus Stock Performance

CARG stock opened at $36.12 on Thursday. The company has a market capitalization of $3.59 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 1.71 and a beta of 1.52. CarGurus, Inc. has a one year low of $24.65 and a one year high of $41.33. The company’s 50 day moving average price is $35.42 and its two-hundred day moving average price is $32.57.

CarGurus (NASDAQ:CARG) last posted its quarterly 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. The firm had revenue of $234.03 million for the quarter, compared to the consensus estimate of $232.29 million. CarGurus had a net margin of 14.12% and a return on equity of 36.23%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. On average, research analysts predict that CarGurus, Inc. will post 1.41 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CARG shares. Needham & Company LLC raised their price objective on shares of CarGurus from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 8th. JMP Securities reiterated a “market perform” rating and set a $38.00 target price on shares of CarGurus in a research report on Wednesday, July 2nd. Citizens Jmp lowered shares of CarGurus from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of CarGurus in a research report on Wednesday, October 8th. Finally, Citigroup dropped their target price on shares of CarGurus from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, July 3rd. Five analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $39.68.

Insider Buying and Selling at CarGurus

In related news, insider Jennifer Ladd Hanson sold 9,998 shares of CarGurus stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $36.88, for a total value of $368,726.24. Following the transaction, the insider directly owned 54,807 shares of the company’s stock, valued at $2,021,282.16. The trade was a 15.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Samuel Zales sold 10,000 shares of CarGurus stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $36.08, for a total transaction of $360,800.00. Following the completion of the transaction, the chief operating officer directly owned 441,821 shares in the company, valued at approximately $15,940,901.68. The trade was a 2.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,998 shares of company stock worth $1,078,726. 16.99% of the stock is owned by insiders.

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.