Dimensional Fund Advisors LP Lowers Holdings in CarGurus, Inc. $CARG

Dimensional Fund Advisors LP reduced its stake in shares of CarGurus, Inc. (NASDAQ:CARG) by 2.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,787,448 shares of the company’s stock after selling 48,737 shares during the period. Dimensional Fund Advisors LP’s holdings in CarGurus were worth $60,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Horizon Investments LLC boosted its stake in shares of CarGurus by 2.0% in the fourth quarter. Horizon Investments LLC now owns 16,375 shares of the company’s stock worth $628,000 after buying an additional 318 shares during the last quarter. ProShare Advisors LLC lifted its holdings in CarGurus by 2.8% in the fourth quarter. ProShare Advisors LLC now owns 15,992 shares of the company’s stock valued at $613,000 after acquiring an additional 436 shares during the period. Ritholtz Wealth Management boosted its position in CarGurus by 4.2% in the 1st quarter. Ritholtz Wealth Management now owns 11,039 shares of the company’s stock worth $376,000 after purchasing an additional 449 shares in the last quarter. HighTower Advisors LLC boosted its position in CarGurus by 7.8% in the 4th quarter. HighTower Advisors LLC now owns 7,094 shares of the company’s stock worth $272,000 after purchasing an additional 514 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in shares of CarGurus by 1.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 43,583 shares of the company’s stock worth $1,671,000 after purchasing an additional 679 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Activity

In related news, CTO Matthew Todd Quinn sold 3,824 shares of CarGurus stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $35.03, for a total value of $133,954.72. Following the sale, the chief technology officer directly owned 233,146 shares in the company, valued at approximately $8,167,104.38. The trade was a 1.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jennifer Ladd Hanson sold 2,499 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $34.56, for a total value of $86,365.44. Following the transaction, the insider directly owned 92,894 shares of the company’s stock, valued at $3,210,416.64. The trade was a 2.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 25,559 shares of company stock worth $841,568 over the last 90 days. 18.19% of the stock is currently owned by company insiders.

CarGurus Price Performance

Shares of NASDAQ:CARG opened at $36.24 on Friday. The business’s 50 day moving average price is $32.03 and its 200-day moving average price is $32.60. CarGurus, Inc. has a 1 year low of $26.39 and a 1 year high of $39.42. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 1.32 and a beta of 1.18.

CarGurus (NASDAQ:CARG) last issued 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 company had revenue of $243.56 million during the quarter, compared to analyst estimates of $243.10 million. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, sell-side analysts expect that CarGurus, Inc. will post 2.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

CARG has been the subject of several analyst reports. Piper Sandler reiterated a “sector weight” rating on shares of CarGurus in a research note on Friday, June 12th. Citigroup initiated coverage on shares of CarGurus in a research report on Friday, June 12th. They set a “buy” rating on the stock. Barclays lifted their price objective on shares of CarGurus from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Freedom Capital upgraded shares of CarGurus to a “strong-buy” rating in a research report on Friday, June 12th. Finally, Weiss Ratings lowered shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, CarGurus currently has a consensus rating of “Moderate Buy” and an average price target of $38.55.

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.