Fieldview Capital Management LLC Cuts Position in CarGurus, Inc. $CARG

Fieldview Capital Management LLC trimmed its position in CarGurus, Inc. (NASDAQ:CARG) by 35.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 63,367 shares of the company’s stock after selling 34,887 shares during the quarter. Fieldview Capital Management LLC’s holdings in CarGurus were worth $2,430,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new stake in shares of CarGurus during the 3rd quarter valued at about $46,000. Torren Management LLC acquired a new position in shares of CarGurus in the 4th quarter worth approximately $49,000. EverSource Wealth Advisors LLC grew its position in shares of CarGurus by 491.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after acquiring an additional 1,362 shares in the last quarter. Clearstead Advisors LLC grew its position in shares of CarGurus by 321.2% in the 4th quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock worth $82,000 after acquiring an additional 1,622 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in CarGurus during the 2nd quarter valued at approximately $87,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CARG shares. Freedom Capital upgraded CarGurus to a “strong-buy” rating in a research report on Friday. Barclays initiated coverage on CarGurus in a research note on Thursday, May 28th. They issued an “overweight” rating and a $35.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on CarGurus from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Citigroup started coverage on CarGurus in a report on Friday. They set a “buy” rating on the stock. Finally, Weiss Ratings downgraded CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.79.

Insider Transactions at CarGurus

In other news, CMO Dafna Sarnoff sold 5,445 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $33.04, for a total value of $179,902.80. Following the sale, the chief marketing officer directly owned 134,369 shares in the company, valued at approximately $4,439,551.76. This represents a 3.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Matthew Todd Quinn sold 4,341 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $33.04, for a total value of $143,426.64. Following the completion of the sale, 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 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. In the last quarter, insiders sold 20,924 shares of company stock worth $669,419. Insiders own 16.99% of the company’s stock.

CarGurus Stock Performance

CARG opened at $27.17 on Friday. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $39.42. The company has a market cap of $2.45 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 0.99 and a beta of 1.20. The stock has a 50-day moving average of $32.45 and a 200-day moving average of $33.55.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The business had revenue of $243.56 million during the quarter, compared to analysts’ expectations of $243.10 million. During the same quarter in the previous year, the firm earned $0.46 EPS. 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, research analysts predict that CarGurus, Inc. will post 2.11 earnings per share for the current year.

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.