Stephen Kaufer Purchases 30,766 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) Director Stephen Kaufer purchased 30,766 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average price of $32.50 per share, for a total transaction of $999,895.00. Following the purchase, the director directly owned 323,939 shares in the company, valued at $10,528,017.50. The trade was a 10.49% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CarGurus Stock Performance

NASDAQ CARG traded up $1.08 on Wednesday, reaching $33.53. The stock had a trading volume of 1,482,364 shares, compared to its average volume of 1,300,416. The stock has a market cap of $3.19 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 1.17 and a beta of 1.37. CarGurus, Inc. has a 12-month low of $24.65 and a 12-month high of $39.42. The business’s 50-day moving average price is $33.13 and its 200 day moving average price is $34.81.

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

Hedge Funds Weigh In On CarGurus

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Congress Asset Management Co. acquired a new stake in CarGurus in the third quarter valued at $70,856,000. UBS Group AG boosted its position in shares of CarGurus by 158.2% in the 3rd quarter. UBS Group AG now owns 1,537,856 shares of the company’s stock worth $57,254,000 after buying an additional 942,199 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of CarGurus by 6.6% in the 3rd quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company’s stock worth $358,773,000 after buying an additional 594,670 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in CarGurus in the 4th quarter valued at about $21,756,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in CarGurus by 159,137.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 536,629 shares of the company’s stock valued at $22,787,000 after acquiring an additional 536,292 shares in the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of CarGurus from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. BTIG Research cut their target price on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, February 20th. DA Davidson reduced their price target on CarGurus from $37.50 to $33.50 and set a “neutral” rating for the company in a report on Friday, February 20th. Needham & Company LLC decreased their price target on CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Finally, Wall Street Zen cut CarGurus from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, CarGurus presently has a consensus rating of “Hold” and a consensus target price of $38.14.

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.