Quantinno Capital Management LP Has $2.72 Million Holdings in CarGurus, Inc. $CARG

Quantinno Capital Management LP lifted its position in shares of CarGurus, Inc. (NASDAQ:CARG) by 156.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,010 shares of the company’s stock after buying an additional 48,760 shares during the quarter. Quantinno Capital Management LP’s holdings in CarGurus were worth $2,724,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CARG. Brown Brothers Harriman & Co. acquired a new stake in CarGurus during the 3rd quarter worth about $46,000. Torren Management LLC acquired a new position in shares of CarGurus in the 4th quarter valued at about $49,000. EverSource Wealth Advisors LLC boosted its position in shares of 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 purchasing an additional 1,362 shares in the last quarter. Clearstead Advisors LLC boosted its position in shares of CarGurus by 321.2% during the 4th quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock valued at $82,000 after purchasing an additional 1,622 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in CarGurus by 356.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock worth $83,000 after purchasing an additional 1,697 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Activity at CarGurus

In related news, General Counsel Javier Zamora sold 8,072 shares of the business’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 completion of the transaction, the general counsel directly owned 103,061 shares in the company, valued at $3,043,391.33. The trade was a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Ladd Hanson sold 2,499 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 31,764 shares of company stock valued at $1,071,649. Corporate insiders own 18.19% of the company’s stock.

CarGurus Price Performance

Shares of NASDAQ:CARG opened at $38.99 on Monday. The company has a 50-day moving average price of $32.85 and a two-hundred day moving average price of $32.64. The firm has a market capitalization of $3.52 billion, a PE ratio of 21.19, a P/E/G ratio of 1.42 and a beta of 1.17. CarGurus, Inc. has a twelve month low of $26.39 and a twelve month high of $41.22.

CarGurus (NASDAQ:CARG) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. The business had revenue of $250.97 million during the quarter, compared to analyst estimates of $249.85 million. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. CarGurus’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. Analysts anticipate that CarGurus, Inc. will post 2.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Weiss Ratings lowered shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. boosted their price objective on CarGurus from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. BTIG Research increased their target price on shares of CarGurus from $40.00 to $41.00 and gave the company a “buy” rating in a report on Friday. UBS Group lifted their target price on shares of CarGurus from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, B. Riley Financial restated a “buy” rating on shares of CarGurus in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.25.

CarGurus News Roundup

Here are the key news stories impacting CarGurus this week:

• Positive Sentiment: Q2 earnings beat expectations: CarGurus reported adjusted earnings of $0.66 per share, up from $0.57 a year earlier and above analysts’ estimates of approximately $0.61–$0.62. Revenue reached $251.0 million, slightly exceeding consensus expectations and increasing 13% year over year. CarGurus Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Strong profitability and cash generation: Second-quarter GAAP net income from continuing operations was $49.2 million. Adjusted EBITDA was $84.7 million, near the high end of company guidance, while operating cash flow was $94.6 million and free cash flow was $87.7 million. CarGurus Announces Second Quarter 2026 Results
• Positive Sentiment: Above-consensus Q3 outlook: CarGurus guided for third-quarter EPS of $0.63–$0.69, ahead of the $0.61 analyst consensus. Revenue guidance of $253.5 million–$258.5 million was broadly consistent with expectations, suggesting continued year-over-year growth. CarGurus Earnings Report
• Positive Sentiment: Share repurchases support per-share value: The company repurchased $29.2 million of stock during Q2. Since December 2022, cumulative repurchases have exceeded 30% of shares outstanding, which can support EPS and shareholder returns. CarGurus Q2 Results Presentation
• Neutral Sentiment: Revenue was only modestly above estimates, and the available report does not provide a clear updated full-year 2026 EPS target. Investors may therefore focus on future growth trends and the company’s ability to sustain its strong margins and cash flow.

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.