CarGurus, Inc. $CARG Shares Sold by Inflection Point Investments LLP

Inflection Point Investments LLP cut its stake in shares of CarGurus, Inc. (NASDAQ:CARG) by 35.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 145,204 shares of the company’s stock after selling 79,310 shares during the quarter. CarGurus makes up 9.2% of Inflection Point Investments LLP’s investment portfolio, making the stock its 6th largest position. Inflection Point Investments LLP’s holdings in CarGurus were worth $4,860,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CARG. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in CarGurus during the 1st quarter worth approximately $46,000. Fifth Third Bancorp lifted its holdings in CarGurus by 121.7% during the 2nd quarter. Fifth Third Bancorp now owns 1,419 shares of the company’s stock worth $47,000 after purchasing an additional 779 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of CarGurus by 83.9% during the first quarter. Signaturefd LLC now owns 1,751 shares of the company’s stock worth $51,000 after buying an additional 799 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of CarGurus by 49.8% during the first quarter. Blue Trust Inc. now owns 2,494 shares of the company’s stock worth $73,000 after buying an additional 829 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new stake in shares of CarGurus during the first quarter worth $76,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

CarGurus Trading Up 1.5%

Shares of NASDAQ:CARG opened at $33.99 on Tuesday. The firm has a 50 day moving average of $34.79 and a 200-day moving average of $32.28. The stock has a market capitalization of $3.37 billion, a PE ratio of 27.63, a PEG ratio of 1.59 and a beta of 1.52. CarGurus, Inc. has a 12 month low of $24.65 and a 12 month high of $41.33.

CarGurus (NASDAQ:CARG) last issued its earnings results on Thursday, August 7th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. CarGurus had a net margin of 14.12% and a return on equity of 36.23%. The company had revenue of $234.03 million during the quarter, compared to analysts’ expectations of $232.29 million. During the same period in the previous year, the company earned $0.41 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. On average, research analysts predict that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CARG shares. Citigroup dropped their target price on CarGurus from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Thursday, July 3rd. JMP Securities reiterated a “market perform” rating and issued a $38.00 price objective on shares of CarGurus in a research note on Wednesday, July 2nd. Needham & Company LLC lifted their price target on shares of CarGurus from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Citizens Jmp downgraded shares of CarGurus from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 2nd. Finally, Zacks Research upgraded shares of CarGurus from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.79.

Insider Buying and Selling at CarGurus

In other news, COO Samuel Zales sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $36.08, for a total transaction of $360,800.00. Following the completion of the transaction, the chief operating officer owned 441,821 shares of the company’s stock, valued at approximately $15,940,901.68. The trade was a 2.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Ladd Hanson sold 9,998 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $36.88, for a total value of $368,726.24. Following the transaction, the insider directly owned 54,807 shares of the company’s stock, valued at $2,021,282.16. This trade represents a 15.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,731 shares of company stock worth $1,126,971 over the last three months. Corporate insiders own 17.20% of the company’s stock.

CarGurus Company Profile

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.