Northwestern Mutual Wealth Management Co. Buys 536,292 Shares of CarGurus, Inc. $CARG

Northwestern Mutual Wealth Management Co. boosted its stake in shares of CarGurus, Inc. (NASDAQ:CARG) by 159,137.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 536,629 shares of the company’s stock after purchasing an additional 536,292 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in CarGurus were worth $22,787,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new stake in CarGurus during the 3rd quarter valued at about $46,000. Torren Management LLC bought a new stake in CarGurus during the 4th quarter valued at about $49,000. EverSource Wealth Advisors LLC lifted its holdings in 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 buying an additional 1,362 shares in the last quarter. Quantbot Technologies LP bought a new stake in CarGurus during the 2nd quarter valued at about $87,000. Finally, Quadrant Capital Group LLC bought a new stake in CarGurus during the 3rd quarter valued at about $148,000. Institutional investors own 86.90% of the company’s stock.

CarGurus Stock Performance

NASDAQ:CARG opened at $28.39 on Wednesday. CarGurus, Inc. has a one year low of $26.39 and a one year high of $39.42. The firm has a market cap of $2.56 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.07 and a beta of 1.28. The firm has a 50-day simple moving average of $34.36 and a 200-day simple moving average of $34.35.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.58 EPS for the quarter, beating 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 business had revenue of $243.56 million during the quarter, compared to analyst estimates of $243.10 million. During the same quarter in the previous year, the business posted $0.46 EPS. The company’s quarterly 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 2.06 EPS for the current fiscal year.

Insider Buying and Selling at CarGurus

In other CarGurus news, Director Stephen Kaufer purchased 30,766 shares of CarGurus stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average price of $32.50 per share, for a total transaction of $999,895.00. Following the acquisition, the director owned 323,939 shares in the company, valued at $10,528,017.50. This trade represents a 10.49% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Matthew Todd Quinn sold 4,341 shares of CarGurus stock in a transaction that occurred on 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 directly owned 246,098 shares in the company, valued at approximately $8,131,077.92. The trade was a 1.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 12,852 shares of company stock worth $431,053. 17.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CARG has been the subject of a number of research analyst reports. DA Davidson decreased their price objective on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating for the company in a report on Friday, February 20th. Wall Street Zen upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. BTIG Research decreased their price objective on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a report on Friday, February 20th. Weiss Ratings lowered shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, UBS Group boosted their price target on shares of CarGurus from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, CarGurus has a consensus rating of “Hold” and a consensus target price of $38.23.

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.