Fort Washington Investment Advisors Inc. OH Buys 86,600 Shares of CarGurus, Inc. $CARG

Fort Washington Investment Advisors Inc. OH raised its stake in shares of CarGurus, Inc. (NASDAQ:CARG) by 8.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,110,231 shares of the company’s stock after buying an additional 86,600 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in CarGurus were worth $37,803,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new position in shares of CarGurus in the 3rd quarter worth $46,000. Torren Management LLC purchased a new stake in CarGurus during the fourth quarter valued at $49,000. EverSource Wealth Advisors LLC lifted 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 acquiring an additional 1,362 shares during the period. Clearstead Advisors LLC lifted 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 acquiring an additional 1,622 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position in shares of CarGurus by 356.5% during the 4th 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 last quarter. 86.90% of the stock is owned by institutional investors.

CarGurus Stock Performance

Shares of CARG stock opened at $33.03 on Friday. The stock has a fifty day simple moving average of $31.58 and a two-hundred day simple moving average of $33.17. The firm has a market capitalization of $2.98 billion, a PE ratio of 21.73, a PEG ratio of 1.21 and a beta of 1.20. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $39.42.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $243.56 million for the quarter, compared to the consensus estimate of $243.10 million. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 earnings per share. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, sell-side analysts forecast that CarGurus, Inc. will post 2.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CMO Dafna Sarnoff sold 5,445 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 $179,902.80. Following the sale, the chief marketing officer owned 134,369 shares of the company’s stock, valued at approximately $4,439,551.76. This trade represents a 3.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jennifer Ladd Hanson sold 2,499 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $35.61, for a total value of $88,989.39. Following the completion of the transaction, the insider directly owned 98,191 shares in the company, valued at approximately $3,496,581.51. This represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 20,924 shares of company stock worth $669,419 over the last quarter. Company insiders own 16.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on CARG. UBS Group set a $35.00 target price on CarGurus in a report on Thursday, May 28th. Royal Bank Of Canada lifted their price objective on CarGurus from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Needham & Company LLC boosted their price objective on CarGurus from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Freedom Capital raised shares of CarGurus to a “strong-buy” rating in a report on Friday, June 12th. Finally, Citigroup assumed coverage on shares of CarGurus in a research note on Friday, June 12th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CarGurus has an average rating of “Moderate Buy” and an average target price of $37.79.

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.