Divisadero Street Capital Management LP Sells 324,070 Shares of CarGurus, Inc. $CARG

Divisadero Street Capital Management LP lowered its holdings in CarGurus, Inc. (NASDAQ:CARG) by 74.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,113 shares of the company’s stock after selling 324,070 shares during the quarter. Divisadero Street Capital Management LP owned 0.12% of CarGurus worth $4,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MAI Capital Management boosted its position in shares of CarGurus by 661.0% during the second quarter. MAI Capital Management now owns 1,172 shares of the company’s stock valued at $39,000 after buying an additional 1,018 shares during the last quarter. Farther Finance Advisors LLC lifted its stake 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 acquiring an additional 443 shares during the period. Brown Brothers Harriman & Co. bought a new position in CarGurus during the 3rd quarter valued at about $46,000. First Horizon Corp purchased a new stake in shares of CarGurus during the 3rd quarter valued at about $51,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of CarGurus by 491.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after acquiring an additional 1,362 shares during the period. 86.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Stephen Kaufer acquired 30,766 shares of CarGurus stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average cost of $32.50 per share, for a total transaction of $999,895.00. Following the completion of the purchase, the director directly owned 323,939 shares in the company, valued at $10,528,017.50. This trade represents a 10.49% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jennifer Ladd Hanson sold 2,358 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $38.10, for a total value of $89,839.80. Following the completion of the transaction, the insider owned 50,466 shares of the company’s stock, valued at approximately $1,922,754.60. The trade was a 4.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 29,003 shares of company stock worth $1,118,494. Company insiders own 17.20% of the company’s stock.

CarGurus Trading Down 0.3%

Shares of NASDAQ CARG opened at $30.86 on Monday. The firm has a 50 day moving average of $32.19 and a 200 day moving average of $34.78. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 1.16 and a beta of 1.37. CarGurus, Inc. has a 12-month low of $24.65 and a 12-month high of $39.42.

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

Wall Street Analyst Weigh In

CARG has been the subject of several research reports. Oppenheimer decreased their price objective on shares of CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Royal Bank Of Canada cut their target price on shares of CarGurus from $40.00 to $34.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Jefferies Financial Group increased their price target on CarGurus from $42.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, December 11th. UBS Group set a $38.00 price target on CarGurus in a research note on Tuesday, February 24th. Finally, BTIG Research cut their price objective on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a report on Friday, February 20th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $38.14.

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.