Sei Investments Co. Lowers Stake in CarGurus, Inc. $CARG

Sei Investments Co. cut its holdings in shares of CarGurus, Inc. (NASDAQ:CARG) by 6.6% during the first quarter, Holdings Channel.com reports. The fund owned 298,846 shares of the company’s stock after selling 21,042 shares during the period. Sei Investments Co.’s holdings in CarGurus were worth $10,176,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new position in CarGurus in the 3rd quarter worth about $46,000. Torren Management LLC purchased a new position in CarGurus during the fourth quarter worth approximately $49,000. EverSource Wealth Advisors LLC grew its holdings 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 purchasing an additional 1,362 shares during the period. Clearstead Advisors LLC grew its holdings 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 purchasing an additional 1,622 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in CarGurus by 356.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock valued at $83,000 after purchasing an additional 1,697 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Insider Buying and Selling

In other CarGurus news, insider Jennifer Ladd Hanson sold 2,499 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $34.56, for a total value of $86,365.44. Following the transaction, the insider directly owned 92,894 shares of the company’s stock, valued at $3,210,416.64. This trade represents a 2.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Javier Zamora sold 8,072 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $29.53, for a total value of $238,366.16. Following the transaction, the general counsel owned 103,061 shares in the company, valued at approximately $3,043,391.33. This represents a 7.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 25,559 shares of company stock worth $841,568. 18.19% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Freedom Capital raised CarGurus to a “strong-buy” rating in a research note on Friday, June 12th. Royal Bank Of Canada lifted their price target 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. JPMorgan Chase & Co. boosted their price target on shares of CarGurus from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Barclays boosted their price target on shares of CarGurus from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings cut shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.55.

CarGurus Stock Up 0.7%

Shares of CARG opened at $36.24 on Friday. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $39.42. The stock has a market cap of $3.27 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.32 and a beta of 1.18. The firm’s fifty day moving average is $32.03 and its two-hundred day moving average is $32.60.

CarGurus (NASDAQ:CARG) last issued its earnings results on Thursday, May 7th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $243.56 million during the quarter, compared to analysts’ expectations of $243.10 million. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. As a group, research analysts anticipate 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.