XTX Topco Ltd Purchases 35,760 Shares of CarGurus, Inc. $CARG

XTX Topco Ltd grew its position in CarGurus, Inc. (NASDAQ:CARG) by 105.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,591 shares of the company’s stock after acquiring an additional 35,760 shares during the period. XTX Topco Ltd owned 0.07% of CarGurus worth $2,329,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. QRG Capital Management Inc. raised its position in CarGurus by 4.3% in the 2nd quarter. QRG Capital Management Inc. now owns 8,116 shares of the company’s stock valued at $272,000 after purchasing an additional 332 shares during the last quarter. US Bancorp DE grew its holdings in shares of CarGurus by 14.6% during the first quarter. US Bancorp DE now owns 3,733 shares of the company’s stock worth $109,000 after purchasing an additional 475 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of CarGurus by 30.7% in the second quarter. Parkside Financial Bank & Trust now owns 2,023 shares of the company’s stock valued at $68,000 after buying an additional 475 shares in the last quarter. Summit Global Investments lifted its position in CarGurus by 1.7% during the 2nd quarter. Summit Global Investments now owns 33,305 shares of the company’s stock worth $1,115,000 after buying an additional 570 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of CarGurus by 3.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,728 shares of the company’s stock worth $727,000 after acquiring an additional 681 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

CarGurus Price Performance

Shares of NASDAQ:CARG opened at $35.89 on Thursday. The firm’s 50 day simple moving average is $35.62 and its 200 day simple moving average is $33.96. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $41.33. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 1.67 and a beta of 1.50.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. CarGurus had a net margin of 16.41% and a return on equity of 41.31%. The company had revenue of $238.70 million for the quarter, compared to analysts’ expectations of $234.57 million. During the same period last year, the firm posted $0.45 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS. Q4 2025 guidance at 0.610-0.670 EPS. Equities research analysts expect that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Citigroup lifted their target price on CarGurus from $37.00 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Wall Street Zen upgraded CarGurus from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. BTIG Research restated a “buy” rating and set a $39.00 target price on shares of CarGurus in a research report on Friday, September 5th. Oppenheimer reduced their target price on shares of CarGurus from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of CarGurus in a research note on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.95.

Insider Activity

In other news, COO Samuel Zales sold 10,000 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $36.08, for a total transaction of $360,800.00. Following the completion of the sale, the chief operating officer owned 441,821 shares of the company’s stock, valued at $15,940,901.68. This represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jennifer Ladd Hanson sold 9,998 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $36.88, for a total transaction of $368,726.24. Following the completion of the sale, the insider directly owned 54,807 shares in the company, valued at $2,021,282.16. This represents a 15.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 41,226 shares of company stock worth $1,471,482 over the last quarter. 16.99% of the stock is currently owned by company insiders.

About CarGurus

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.