CarGurus, Inc. $CARG Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its stake in shares of CarGurus, Inc. (NASDAQ:CARG) by 33.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,760 shares of the company’s stock after purchasing an additional 15,271 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of CarGurus worth $2,329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CARG. Royal Bank of Canada boosted its position in CarGurus by 22.6% during the 1st quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock valued at $2,186,000 after purchasing an additional 13,834 shares during the period. AQR Capital Management LLC boosted its position in CarGurus by 25.4% during the 1st quarter. AQR Capital Management LLC now owns 25,946 shares of the company’s stock valued at $756,000 after purchasing an additional 5,259 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in CarGurus by 3.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,845 shares of the company’s stock valued at $1,889,000 after purchasing an additional 1,890 shares during the period. Jane Street Group LLC boosted its position in CarGurus by 113.0% during the 1st quarter. Jane Street Group LLC now owns 123,305 shares of the company’s stock valued at $3,592,000 after purchasing an additional 65,420 shares during the period. Finally, Quantbot Technologies LP acquired a new position in CarGurus during the 2nd quarter valued at approximately $87,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

CarGurus Stock Performance

Shares of CARG opened at $36.86 on Friday. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 1.35 and a beta of 1.32. CarGurus, Inc. has a one year low of $25.41 and a one year high of $39.42. The stock’s fifty day moving average is $32.36 and its 200-day moving average is $34.50.

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

Wall Street Analyst Weigh In

CARG has been the subject of a number of analyst reports. BTIG Research reduced their price objective on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, February 20th. DA Davidson reduced their price objective on CarGurus from $37.50 to $33.50 and set a “neutral” rating for the company in a research report on Friday, February 20th. Royal Bank Of Canada reduced their price objective on CarGurus from $40.00 to $34.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Weiss Ratings restated a “hold (c+)” rating on shares of CarGurus in a research report on Monday, December 29th. Finally, Needham & Company LLC reduced their price objective on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.14.

Insider Activity at CarGurus

In other news, CMO Dafna Sarnoff sold 5,445 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $33.04, for a total transaction of $179,902.80. Following the transaction, the chief marketing officer directly owned 134,369 shares of the company’s stock, valued at approximately $4,439,551.76. This trade represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ismail Elshareef sold 1,645 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $32.21, for a total value of $52,985.45. Following the transaction, the insider directly owned 91,822 shares in the company, valued at $2,957,586.62. This trade represents a 1.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 14,497 shares of company stock valued at $484,038. 16.99% of the stock is owned by corporate insiders.

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.