Kestra Private Wealth Services LLC Takes Position in CarGurus, Inc. $CARG

Posted by Brian Himes on Jul 4th, 2026

Kestra Private Wealth Services LLC acquired a new position in shares of CarGurus, Inc. (NASDAQ:CARG – Free Report) in the first quarter, Holdings Channel reports. The fund acquired 14,308 shares of the company’s stock, valued at approximately $498,000.

Several other institutional investors have also made changes to their positions in CARG. Ritholtz Wealth Management increased its stake in CarGurus by 4.2% in the first quarter. Ritholtz Wealth Management now owns 11,039 shares of the company’s stock valued at $376,000 after acquiring an additional 449 shares during the period. OP Asset Management Ltd bought a new position in CarGurus during the first quarter worth about $2,065,000. Andina Capital Management LLC bought a new position in CarGurus during the first quarter worth about $397,000. Rockefeller Capital Management L.P. boosted its holdings in CarGurus by 356.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock valued at $83,000 after purchasing an additional 1,697 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in CarGurus by 5,046.6% during the fourth quarter. Pacer Advisors Inc. now owns 260,727 shares of the company’s stock valued at $9,999,000 after purchasing an additional 255,661 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

CarGurus Stock Performance

Shares of CarGurus stock opened at $36.24 on Friday. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 1.32 and a beta of 1.18. CarGurus, Inc. has a 1-year low of $26.39 and a 1-year high of $39.42. The firm’s 50-day moving average price is $31.38 and its two-hundred day moving average price is $33.10.

CarGurus (NASDAQ:CARG – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The company had revenue of $243.56 million during the quarter, compared to analysts’ expectations of $243.10 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. CarGurus’s quarterly revenue was up 8.2% compared to the same quarter last year. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. As a group, equities research analysts predict that CarGurus, Inc. will post 2.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CARG shares. Weiss Ratings lowered CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Needham & Company LLC raised their target price on CarGurus from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Barclays started coverage on CarGurus in a research report on Thursday, May 28th. They issued an “overweight” rating and a $35.00 price target on the stock. Royal Bank Of Canada increased their price objective on CarGurus from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Finally, Wall Street Zen raised CarGurus from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.77.

Read Our Latest Analysis on CarGurus

Insiders Place Their Bets

In other CarGurus news, General Counsel Javier Zamora sold 3,532 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $34.08, for a total value of $120,370.56. Following the transaction, the general counsel owned 95,997 shares of the company’s stock, valued at approximately $3,271,577.76. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jennifer Ladd Hanson sold 2,499 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $34.56, for a total value of $86,365.44. Following the sale, the insider owned 92,894 shares in the company, valued at $3,210,416.64. The trade was a 2.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 17,635 shares of company stock valued at $560,351 over the last ninety days. Insiders own 16.99% of the company’s stock.

About CarGurus

(Free Report)

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.