Ararat Capital Management LP Lowers Holdings in CarGurus, Inc. $CARG

Ararat Capital Management LP decreased its position in shares of CarGurus, Inc. (NASDAQ:CARG) by 38.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,021 shares of the company’s stock after selling 93,691 shares during the quarter. CarGurus makes up 3.0% of Ararat Capital Management LP’s holdings, making the stock its 14th largest holding. Ararat Capital Management LP’s holdings in CarGurus were worth $5,623,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its holdings in shares of CarGurus by 20.8% in the third quarter. Nisa Investment Advisors LLC now owns 1,864 shares of the company’s stock valued at $69,000 after acquiring an additional 321 shares in the last quarter. GAMMA Investing LLC grew its holdings in CarGurus by 8.7% during the 3rd quarter. GAMMA Investing LLC now owns 4,535 shares of the company’s stock worth $169,000 after acquiring an additional 363 shares in the last quarter. Farther Finance Advisors LLC increased its position in CarGurus by 71.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock valued at $40,000 after purchasing an additional 443 shares during the period. Summit Global Investments increased its position in CarGurus by 1.7% during the 2nd quarter. Summit Global Investments now owns 33,305 shares of the company’s stock valued at $1,115,000 after purchasing an additional 570 shares during the period. Finally, CWM LLC raised its holdings in shares of CarGurus by 15.5% in the 3rd quarter. CWM LLC now owns 4,265 shares of the company’s stock valued at $159,000 after purchasing an additional 573 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

CarGurus Stock Performance

NASDAQ:CARG opened at $30.86 on Friday. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $39.42. The stock has a market capitalization of $2.94 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.16 and a beta of 1.37. The company’s 50-day simple moving average is $32.19 and its 200-day simple moving average is $34.78.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CARG shares. DA Davidson dropped their price objective on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a research note on Friday, February 20th. UBS Group set a $38.00 price objective on shares of CarGurus in a research note on Tuesday, February 24th. Wall Street Zen lowered CarGurus from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Royal Bank Of Canada dropped their target price on CarGurus from $40.00 to $34.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Finally, Needham & Company LLC cut their price target on CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $38.14.

Insider Activity

In other news, CEO Jason Trevisan sold 16,548 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $39.02, for a total value of $645,702.96. Following the completion of the sale, the chief executive officer owned 630,483 shares of the company’s stock, valued at $24,601,446.66. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Ladd Hanson sold 2,358 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $38.10, for a total value of $89,839.80. Following the transaction, the insider owned 50,466 shares in the company, valued at approximately $1,922,754.60. This trade represents a 4.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,003 shares of company stock valued at $1,118,494 over the last three months. Company insiders own 16.99% of the company’s stock.

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.