Jupiter Asset Management Ltd. Grows Position in CarGurus, Inc. $CARG

Jupiter Asset Management Ltd. raised its holdings in CarGurus, Inc. (NASDAQ:CARG) by 230.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 580,117 shares of the company’s stock after acquiring an additional 404,617 shares during the quarter. Jupiter Asset Management Ltd. owned 0.58% of CarGurus worth $21,598,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its holdings in shares of CarGurus by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,914,925 shares of the company’s stock valued at $64,093,000 after purchasing an additional 6,676 shares in the last quarter. Congress Asset Management Co. acquired a new position in CarGurus during the third quarter worth about $70,856,000. Invesco Ltd. grew its position in CarGurus by 6.9% during the second quarter. Invesco Ltd. now owns 1,717,321 shares of the company’s stock worth $57,479,000 after buying an additional 110,452 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in CarGurus by 22.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,699,910 shares of the company’s stock valued at $56,896,000 after buying an additional 311,287 shares in the last quarter. Finally, Boston Partners lifted its position in shares of CarGurus by 26.2% during the 2nd quarter. Boston Partners now owns 1,109,048 shares of the company’s stock valued at $36,845,000 after acquiring an additional 230,492 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CarGurus

In other news, insider Ismail Elshareef sold 1,645 shares of CarGurus stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $32.21, for a total value of $52,985.45. Following the completion of the sale, the insider owned 91,822 shares of the company’s stock, valued at $2,957,586.62. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jason Trevisan sold 16,548 shares of the stock in a transaction dated Tuesday, December 23rd. The stock was 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 in the company, valued at $24,601,446.66. This trade represents a 2.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 49,003 shares of company stock worth $1,858,494 over the last quarter. 16.99% of the stock is currently owned by insiders.

CarGurus Trading Up 3.3%

Shares of CARG stock opened at $30.17 on Friday. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.10 and a beta of 1.35. The firm has a 50-day moving average price of $34.28 and a 200 day moving average price of $34.80. CarGurus, Inc. has a twelve month low of $24.65 and a twelve 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 (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $209.09 million for the quarter, compared to analysts’ expectations of $239.07 million. CarGurus had a net margin of 16.60% and a return on equity of 46.62%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. As a group, research analysts predict that CarGurus, Inc. will post 1.41 earnings per share for the current year.

More CarGurus News

Here are the key news stories impacting CarGurus this week:

• Positive Sentiment: Q4 EPS beat and strong profitability: CarGurus reported $0.63 EPS vs. $0.61 consensus and showed healthy margins and return on equity, giving confidence in earnings quality. MarketBeat: Q4 results
• Positive Sentiment: Raised revenue guidance for FY2026 and Q1: Management set FY revenue around $997.7M–$1.0B (above consensus ~$970.9M) and Q1 revenue guidance $240.5M–$245.5M (slightly above the $238.8M consensus), which supports top-line momentum. GlobeNewswire: Earnings release
• Positive Sentiment: Share buyback support: CarGurus repurchased ~ $350M in 2025 and announced a new $250M repurchase program for 2026 — a clear capital-return signal that can lift EPS and shareholder value. GlobeNewswire: Buyback details
• Positive Sentiment: AI and international growth narrative: Management is accelerating AI-driven product launches and emphasizing international expansion, which analysts highlight as multi-year growth drivers. Seeking Alpha: AI & guidance
• Neutral Sentiment: Mixed guidance nuance — EPS vs. revenue: Q1 EPS guide (0.520–0.580) centers near/barely under consensus (0.560), while revenue guidance is modestly above consensus — investors should watch upcoming quarters to see if EPS catches up to revenue strength. Company slide deck
• Negative Sentiment: Revenue miss in quarter: Reported Q4 revenue ($209.1M) came in well below the consensus (~$239M), which tempers the EPS beat and may worry revenue-focused investors. MarketBeat: Revenue details
• Negative Sentiment: Analyst price-target cuts: RBC and DA Davidson trimmed targets (RBC $40→$34; DA Davidson $37.50→$33.50), which can cap near-term upside despite some analysts retaining positive ratings. The Fly: RBC note
• Negative Sentiment: Data-security headline: An alleged breach (1.7M records) reported by ShinyHunters creates reputational and potential regulatory risk; investors may view this as a short-term headwind. MSN: Data-breach report

Wall Street Analysts Forecast Growth

CARG has been the topic of a number of research reports. Wall Street Zen cut CarGurus from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Jefferies Financial Group boosted their target price on CarGurus from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. BTIG Research dropped their price target on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank Of Canada decreased their price objective on shares of CarGurus from $40.00 to $34.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Citigroup raised their target price on shares of CarGurus from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, CarGurus has a consensus rating of “Hold” and a consensus price target of $38.50.

About CarGurus

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.