Bessemer Group Inc. Raises Stock Holdings in CarGurus, Inc. $CARG

Posted by Brenda Bartman on Jul 18th, 2026

Bessemer Group Inc. boosted its stake in shares of CarGurus, Inc. (NASDAQ:CARG – Free Report) by 18.2% during the first quarter, Holdings Channel.com reports. The firm owned 1,085,061 shares of the company’s stock after purchasing an additional 166,954 shares during the quarter. Bessemer Group Inc.’s holdings in CarGurus were worth $36,945,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CARG. Wellington Management Group LLP raised its holdings in CarGurus by 6.6% in the third quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company’s stock worth $358,773,000 after purchasing an additional 594,670 shares in the last quarter. Prevatt Capital Ltd lifted its position in shares of CarGurus by 12.5% during the first quarter. Prevatt Capital Ltd now owns 2,475,000 shares of the company’s stock valued at $84,274,000 after buying an additional 275,000 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of CarGurus by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,101,437 shares of the company’s stock valued at $80,602,000 after buying an additional 24,910 shares in the last quarter. Congress Asset Management Co. boosted its holdings in shares of CarGurus by 2.9% in the 4th quarter. Congress Asset Management Co. now owns 1,958,144 shares of the company’s stock valued at $75,095,000 after buying an additional 54,937 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of CarGurus by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,914,925 shares of the company’s stock worth $64,093,000 after buying an additional 6,676 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

CarGurus Stock Performance

Shares of CARG stock opened at $35.00 on Friday. CarGurus, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $39.42. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 1.32 and a beta of 1.18. The stock’s 50-day simple moving average is $30.92 and its 200-day simple moving average is $32.83.

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

Insider Buying and Selling at CarGurus

In other news, CTO Matthew Todd Quinn sold 3,824 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $35.03, for a total transaction of $133,954.72. Following the sale, the chief technology officer directly owned 233,146 shares of the company’s stock, valued at $8,167,104.38. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Javier Zamora sold 8,072 shares of the company’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 directly owned 103,061 shares in the company, valued at approximately $3,043,391.33. The trade was a 7.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 25,559 shares of company stock worth $841,568. 18.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CARG shares. Royal Bank Of Canada boosted their price objective on shares of CarGurus from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Citigroup started coverage on shares of CarGurus in a research note on Friday, June 12th. They issued a “buy” rating for the company. Wall Street Zen raised shares of CarGurus from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Barclays started coverage on shares of CarGurus in a report on Thursday, May 28th. They issued an “overweight” rating and a $35.00 price target on the stock. Finally, Freedom Capital raised CarGurus to a “strong-buy” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.05.

View Our Latest Analysis on CARG

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.