Jupiter Asset Management Ltd. Has $8.18 Million Stock Holdings in CarGurus, Inc. $CARG

Jupiter Asset Management Ltd. decreased its holdings in shares of CarGurus, Inc. (NASDAQ:CARG) by 63.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 213,368 shares of the company’s stock after selling 366,749 shares during the period. Jupiter Asset Management Ltd.’s holdings in CarGurus were worth $8,183,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Brown Brothers Harriman & Co. bought a new position in shares of CarGurus in the 3rd quarter worth $46,000. Torren Management LLC bought a new stake in CarGurus in the fourth quarter valued at about $49,000. EverSource Wealth Advisors LLC lifted its stake in CarGurus by 491.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after buying an additional 1,362 shares during the period. Clearstead Advisors LLC lifted its stake in CarGurus by 321.2% in the fourth quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock valued at $82,000 after buying an additional 1,622 shares during the period. Finally, Quantbot Technologies LP bought a new position in CarGurus during the second quarter worth about $87,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wall Street Zen raised CarGurus from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Royal Bank Of Canada upped their target price on shares of CarGurus from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Weiss Ratings lowered shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Barclays initiated coverage on shares of CarGurus in a report on Thursday. They issued an “overweight” rating and a $35.00 price target for the company. Finally, BTIG Research dropped their price objective on CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.79.

Insider Transactions at CarGurus

In other CarGurus news, CTO Matthew Todd Quinn sold 4,341 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $33.04, for a total transaction of $143,426.64. Following the completion of the transaction, the chief technology officer owned 246,098 shares in the company, valued at approximately $8,131,077.92. This represents a 1.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CMO Dafna Sarnoff sold 5,445 shares of the business’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 completion of the sale, the chief marketing officer owned 134,369 shares in the company, valued at approximately $4,439,551.76. This trade represents a 3.89% decrease in their ownership of the stock. 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. Insiders have sold a total of 12,852 shares of company stock worth $431,053 in the last 90 days. Company insiders own 16.99% of the company’s stock.

CarGurus Stock Performance

Shares of CARG opened at $29.86 on Friday. CarGurus, Inc. has a twelve month low of $26.39 and a twelve month high of $39.42. The firm’s 50 day moving average price is $33.78 and its two-hundred day moving average price is $34.04. The firm has a market cap of $2.69 billion, a P/E ratio of 19.64, a PEG ratio of 1.11 and a beta of 1.28.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The company had revenue of $243.56 million during the quarter, compared to the consensus estimate of $243.10 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, sell-side analysts anticipate that CarGurus, Inc. will post 2.11 earnings per share for the current fiscal year.

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.