Legal & General Group Plc Reduces Stock Holdings in CarGurus, Inc. $CARG

Legal & General Group Plc decreased its stake in CarGurus, Inc. (NASDAQ:CARG) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 218,282 shares of the company’s stock after selling 21,808 shares during the quarter. Legal & General Group Plc owned about 0.23% of CarGurus worth $8,371,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CARG. Brown Brothers Harriman & Co. purchased a new position in CarGurus during the 3rd quarter valued at $46,000. Torren Management LLC purchased a new position in CarGurus during the 4th quarter valued at $49,000. EverSource Wealth Advisors LLC boosted its holdings in CarGurus by 491.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after acquiring an additional 1,362 shares during the period. Quantbot Technologies LP purchased a new position in CarGurus during the 2nd quarter valued at $87,000. Finally, Global Retirement Partners LLC boosted its holdings in CarGurus by 859.9% during the 4th quarter. Global Retirement Partners LLC now owns 2,323 shares of the company’s stock valued at $89,000 after acquiring an additional 2,081 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

CarGurus Trading Up 0.2%

CARG opened at $27.42 on Friday. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.00 and a beta of 1.20. CarGurus, Inc. has a 12 month low of $26.39 and a 12 month high of $39.42. The stock has a fifty day moving average price of $33.15 and a 200-day moving average price of $33.78.

CarGurus (NASDAQ:CARG) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The firm had revenue of $243.56 million during the quarter, compared to analyst estimates of $243.10 million. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, equities research analysts forecast that CarGurus, Inc. will post 2.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CARG shares. BTIG Research dropped their price objective on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a report on Friday, February 20th. JPMorgan Chase & Co. upped their target price on CarGurus from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Weiss Ratings cut CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. UBS Group set a $35.00 target price on CarGurus in a report on Thursday, May 28th. Finally, DA Davidson lowered their target price on CarGurus from $37.50 to $33.50 and set a “neutral” rating for the company in a report on Friday, February 20th. Six 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.com, the company has a consensus rating of “Hold” and a consensus price target of $37.79.

Insider Buying and Selling

In related news, General Counsel Javier Zamora sold 8,072 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $29.53, for a total transaction of $238,366.16. Following the transaction, the general counsel directly owned 103,061 shares of the company’s stock, valued at $3,043,391.33. This represents a 7.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CMO Dafna Sarnoff sold 5,445 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $33.04, for a total value of $179,902.80. Following the transaction, the chief marketing officer directly owned 134,369 shares in the company, valued at $4,439,551.76. This represents a 3.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 20,924 shares of company stock valued at $669,419. 16.99% of the stock is currently owned by insiders.

CarGurus 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.