Fieldview Capital Management LLC decreased its position in shares of CarGurus, Inc. (NASDAQ:CARG – Free Report) by 35.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,367 shares of the company’s stock after selling 34,887 shares during the quarter. Fieldview Capital Management LLC owned 0.07% of CarGurus worth $2,430,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new stake in CarGurus in the 3rd quarter valued at $46,000. Torren Management LLC purchased a new position in shares of CarGurus during the 4th quarter worth $49,000. EverSource Wealth Advisors LLC raised its holdings in shares of CarGurus by 491.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after acquiring an additional 1,362 shares during the period. Clearstead Advisors LLC raised its holdings in shares of CarGurus by 321.2% during the 4th quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock worth $82,000 after acquiring an additional 1,622 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of CarGurus during the 2nd quarter worth $87,000. Institutional investors and hedge funds own 86.90% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Citigroup assumed coverage on CarGurus in a research report on Friday. They set a “buy” rating for the company. BTIG Research lowered 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. Oppenheimer lowered their price objective on CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Piper Sandler restated a “sector weight” rating on shares of CarGurus in a research note on Friday. Finally, Wall Street Zen cut CarGurus from a “buy” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, CarGurus presently has an average rating of “Moderate Buy” and an average target price of $37.79.
CarGurus Price Performance
CarGurus stock opened at $27.17 on Friday. The business has a 50 day simple moving average of $32.45 and a 200-day simple moving average of $33.55. CarGurus, Inc. has a 12 month low of $26.39 and a 12 month high of $39.42. The stock has a market capitalization of $2.45 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 0.99 and a beta of 1.20.
CarGurus (NASDAQ:CARG – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The firm had revenue of $243.56 million for the quarter, compared to analyst estimates of $243.10 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. CarGurus’s quarterly revenue was up 8.2% on a year-over-year basis. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. As a group, equities research analysts anticipate that CarGurus, Inc. will post 2.11 EPS for the current year.
Insider Transactions at CarGurus
In other news, insider Jennifer Ladd Hanson sold 2,499 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $35.61, for a total value of $88,989.39. Following the completion of the transaction, the insider owned 98,191 shares in the company, valued at $3,496,581.51. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Javier Zamora sold 8,072 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $29.53, for a total value of $238,366.16. Following the completion of the transaction, the general counsel owned 103,061 shares of the company’s stock, valued at approximately $3,043,391.33. This represents a 7.26% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 20,924 shares of company stock worth $669,419. Corporate insiders own 16.99% of the company’s stock.
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.
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