Segall Bryant & Hamill LLC Purchases New Position in CarGurus, Inc. $CARG

Segall Bryant & Hamill LLC purchased a new stake in shares of CarGurus, Inc. (NASDAQ:CARG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 94,056 shares of the company’s stock, valued at approximately $3,502,000.

Several other hedge funds have also modified their holdings of CARG. The Manufacturers Life Insurance Company boosted its position in shares of CarGurus by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,914,925 shares of the company’s stock valued at $64,093,000 after acquiring an additional 6,676 shares during the last quarter. Congress Asset Management Co. purchased a new stake in CarGurus during the third quarter valued at $70,856,000. Invesco Ltd. lifted its position in CarGurus by 6.9% during the second quarter. Invesco Ltd. now owns 1,717,321 shares of the company’s stock valued at $57,479,000 after purchasing an additional 110,452 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in CarGurus by 22.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,699,910 shares of the company’s stock valued at $56,896,000 after purchasing an additional 311,287 shares during the last quarter. Finally, Boston Partners grew its stake in shares of CarGurus by 26.2% in the 2nd quarter. Boston Partners now owns 1,109,048 shares of the company’s stock worth $36,845,000 after buying an additional 230,492 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CarGurus

In other news, insider Ismail Elshareef sold 1,645 shares of CarGurus stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $32.21, for a total transaction of $52,985.45. Following the completion of the sale, the insider owned 91,822 shares of the company’s stock, valued at approximately $2,957,586.62. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jennifer Ladd Hanson sold 2,358 shares of CarGurus stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $38.10, for a total value of $89,839.80. Following the sale, the insider directly owned 50,466 shares of the company’s stock, valued at approximately $1,922,754.60. This trade represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 49,003 shares of company stock valued at $1,858,494. 16.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CARG has been the topic of several recent research reports. DA Davidson decreased their target price on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Weiss Ratings restated a “hold (c+)” rating on shares of CarGurus in a research report on Monday, December 29th. Royal Bank Of Canada lowered their price objective on CarGurus from $40.00 to $34.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. UBS Group set a $38.00 price target on CarGurus in a report on Tuesday, February 24th. Finally, Needham & Company LLC dropped their price objective on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $38.14.

CarGurus Stock Performance

Shares of NASDAQ CARG opened at $34.20 on Friday. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $39.42. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.25 and a beta of 1.37. The business’s 50 day moving average price is $32.93 and its 200-day moving average price is $34.80.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $209.09 million during the quarter, compared to analysts’ expectations of $239.07 million. CarGurus had a return on equity of 47.50% and a net margin of 16.60%.CarGurus’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. Sell-side analysts predict that CarGurus, Inc. will post 1.41 earnings per share for the current year.

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.