Universal Beteiligungs und Servicegesellschaft mbH Boosts Holdings in CarGurus, Inc. $CARG

Universal Beteiligungs und Servicegesellschaft mbH increased its position in CarGurus, Inc. (NASDAQ:CARG) by 25.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,420 shares of the company’s stock after purchasing an additional 28,549 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of CarGurus worth $5,228,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its holdings in CarGurus by 20.8% in the third quarter. Nisa Investment Advisors LLC now owns 1,864 shares of the company’s stock worth $69,000 after buying an additional 321 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of CarGurus by 4.3% during the second quarter. QRG Capital Management Inc. now owns 8,116 shares of the company’s stock valued at $272,000 after acquiring an additional 332 shares in the last quarter. GAMMA Investing LLC increased 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 acquiring an additional 363 shares in the last quarter. Farther Finance Advisors LLC raised its holdings 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 acquiring an additional 443 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in CarGurus by 30.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,023 shares of the company’s stock valued at $68,000 after acquiring an additional 475 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

CarGurus Stock Performance

CarGurus stock opened at $34.23 on Tuesday. CarGurus, Inc. has a one year low of $24.65 and a one year high of $41.33. The stock has a fifty day moving average of $36.64 and a 200 day moving average of $35.32. The stock has a market cap of $3.27 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 1.39 and a beta of 1.36.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, November 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. CarGurus had a return on equity of 41.31% and a net margin of 16.41%.The business had revenue of $238.70 million for the quarter, compared to analysts’ expectations of $234.57 million. During the same period last year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. As a group, sell-side analysts predict that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Insider Buying and Selling at CarGurus

In other CarGurus news, insider Ismail Elshareef sold 1,228 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $34.98, for a total transaction of $42,955.44. Following the completion of the sale, the insider directly owned 95,907 shares of the company’s stock, valued at approximately $3,354,826.86. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Samuel Zales sold 10,000 shares of CarGurus stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $34.98, for a total transaction of $349,800.00. Following the transaction, the chief operating officer owned 410,259 shares in the company, valued at $14,350,859.82. This represents a 2.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 58,586 shares of company stock valued at $2,198,264. 17.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on CarGurus from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. DA Davidson set a $37.50 price objective on CarGurus in a research report on Monday, November 17th. Wall Street Zen downgraded CarGurus from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of CarGurus in a research report on Monday, December 29th. Finally, BTIG Research upped their target price on shares of CarGurus from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, December 30th. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, CarGurus presently has an average rating of “Hold” and an average price target of $40.86.

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.