TD Asset Management Inc Has $822,000 Stock Holdings in CarGurus, Inc. $CARG

TD Asset Management Inc reduced its holdings in CarGurus, Inc. (NASDAQ:CARG) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 24,572 shares of the company’s stock after selling 801 shares during the quarter. TD Asset Management Inc’s holdings in CarGurus were worth $822,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. QRG Capital Management Inc. increased 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 acquiring an additional 332 shares during the period. US Bancorp DE boosted its stake in shares of CarGurus by 14.6% in the 1st quarter. US Bancorp DE now owns 3,733 shares of the company’s stock valued at $109,000 after purchasing an additional 475 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of CarGurus by 121.7% in the 2nd quarter. Fifth Third Bancorp now owns 1,419 shares of the company’s stock valued at $47,000 after purchasing an additional 779 shares during the last quarter. Signaturefd LLC boosted its stake in shares of CarGurus by 83.9% in the 1st quarter. Signaturefd LLC now owns 1,751 shares of the company’s stock valued at $51,000 after purchasing an additional 799 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in 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 acquiring an additional 829 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

CarGurus Price Performance

Shares of CARG stock opened at $36.12 on Thursday. The firm has a 50-day moving average of $35.42 and a 200-day moving average of $32.57. The company has a market cap of $3.59 billion, a P/E ratio of 29.37, a P/E/G ratio of 1.71 and a beta of 1.52. CarGurus, Inc. has a one year low of $24.65 and a one year high of $41.33.

CarGurus (NASDAQ:CARG) last announced 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 the consensus estimate of $232.29 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. As a group, research analysts expect that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CARG. JMP Securities reissued a “market perform” rating and set a $38.00 target price on shares of CarGurus in a research note on Wednesday, July 2nd. Wall Street Zen lowered shares of CarGurus from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. BTIG Research reaffirmed a “buy” rating and issued a $39.00 price objective on shares of CarGurus in a research note on Friday, September 5th. Citizens Jmp lowered shares of CarGurus from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 2nd. Finally, Citigroup dropped their price objective on shares of CarGurus from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Thursday, July 3rd. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, CarGurus currently has a consensus rating of “Hold” and a consensus price target of $39.68.

Insider Transactions at CarGurus

In related news, insider Jennifer Ladd Hanson sold 9,998 shares of the firm’s stock in a transaction dated 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 owned 54,807 shares in the company, valued at approximately $2,021,282.16. This trade represents a 15.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Samuel Zales sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $34.92, for a total transaction of $349,200.00. Following the sale, the chief operating officer owned 420,259 shares of the company’s stock, valued at $14,675,444.28. This trade represents a 2.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,998 shares of company stock valued at $1,078,726 in the last 90 days. 16.99% of the stock is currently owned by corporate insiders.

CarGurus 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.