Intech Investment Management LLC Grows Stake in CarGurus, Inc. $CARG

Intech Investment Management LLC lifted its position in CarGurus, Inc. (NASDAQ:CARG) by 200.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 150,957 shares of the company’s stock after purchasing an additional 100,757 shares during the quarter. Intech Investment Management LLC owned about 0.15% of CarGurus worth $5,620,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Congress Asset Management Co. bought a new stake in shares of CarGurus during the 3rd quarter valued at about $70,856,000. Aurora Investment Counsel bought a new position in shares of CarGurus in the third quarter worth approximately $2,174,000. Federated Hermes Inc. raised its stake in CarGurus by 11.5% in the third quarter. Federated Hermes Inc. now owns 465,978 shares of the company’s stock valued at $17,348,000 after purchasing an additional 48,177 shares in the last quarter. Voya Investment Management LLC lifted its position in CarGurus by 82.7% during the third quarter. Voya Investment Management LLC now owns 141,559 shares of the company’s stock valued at $5,270,000 after purchasing an additional 64,094 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its stake in CarGurus by 230.6% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 580,117 shares of the company’s stock worth $21,598,000 after buying an additional 404,617 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Insider Buying and Selling

In other CarGurus news, insider Jennifer Ladd Hanson sold 2,358 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $38.10, for a total value of $89,839.80. Following the sale, the insider directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jason Trevisan sold 16,548 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $39.02, for a total value of $645,702.96. Following the transaction, the chief executive officer owned 630,483 shares of the company’s stock, valued at $24,601,446.66. The trade was a 2.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 49,003 shares of company stock worth $1,858,494 in the last 90 days. Insiders own 16.99% of the company’s stock.

CarGurus Stock Performance

Shares of NASDAQ:CARG opened at $30.70 on Friday. The firm has a market capitalization of $2.92 billion, a P/E ratio of 19.81, a P/E/G ratio of 1.15 and a beta of 1.35. The stock has a 50 day moving average price of $33.41 and a 200-day moving average price of $34.80. CarGurus, Inc. has a 52-week low of $24.65 and a 52-week high of $39.42.

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

Analyst Ratings Changes

Several analysts have recently weighed in on CARG shares. Wall Street Zen cut shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Oppenheimer reduced their price target on shares of CarGurus from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. BTIG Research decreased their price objective on CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, February 20th. DA Davidson dropped their target price on CarGurus from $37.50 to $33.50 and set a “neutral” rating for the company in a report on Friday, February 20th. Finally, 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. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.