Pacer Advisors Inc. Buys 82,222 Shares of CarGurus, Inc. $CARG

Posted by Brian Himes on Aug 5th, 2026

Pacer Advisors Inc. increased its stake in CarGurus, Inc. (NASDAQ:CARG – Free Report) by 31.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 342,949 shares of the company’s stock after acquiring an additional 82,222 shares during the quarter. Pacer Advisors Inc.’s holdings in CarGurus were worth $11,677,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CARG. Wellington Management Group LLP boosted its position in CarGurus by 6.6% in the 3rd quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company’s stock valued at $358,773,000 after buying an additional 594,670 shares during the period. Prevatt Capital Ltd grew its stake in CarGurus by 12.5% in the 1st quarter. Prevatt Capital Ltd now owns 2,475,000 shares of the company’s stock worth $84,274,000 after acquiring an additional 275,000 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CarGurus by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,101,437 shares of the company’s stock worth $80,602,000 after acquiring an additional 24,910 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of CarGurus by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,914,925 shares of the company’s stock worth $64,093,000 after acquiring an additional 6,676 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of CarGurus by 11.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,888,766 shares of the company’s stock worth $70,319,000 after acquiring an additional 188,856 shares during the period. Institutional investors own 86.90% of the company’s stock.

Insider Buying and Selling

In other CarGurus news, CTO Matthew Todd Quinn sold 3,824 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $35.03, for a total transaction of $133,954.72. Following the sale, the chief technology officer owned 233,146 shares of the company’s stock, valued at approximately $8,167,104.38. This trade represents a 1.61% decrease in their position. The sale was disclosed in a legal filing 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, General Counsel Javier Zamora sold 8,072 shares of CarGurus 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 in the company, valued at $3,043,391.33. This represents a 7.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,764 shares of company stock valued at $1,071,649 over the last 90 days. Corporate insiders own 18.19% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen upgraded CarGurus from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. JPMorgan Chase & Co. raised their price objective on CarGurus from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Freedom Capital upgraded CarGurus to a “strong-buy” rating in a report on Friday, June 12th. UBS Group set a $35.00 target price on CarGurus in a research report on Thursday, May 28th. Finally, Weiss Ratings cut CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, CarGurus currently has a consensus rating of “Moderate Buy” and an average target price of $38.55.

Get Our Latest Stock Report on CarGurus

CarGurus Stock Performance

NASDAQ CARG opened at $37.02 on Wednesday. CarGurus, Inc. has a one year low of $26.39 and a one year high of $39.42. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 1.35 and a beta of 1.17. The company’s 50-day simple moving average is $32.39 and its two-hundred day simple moving average is $32.58.

CarGurus (NASDAQ:CARG – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The firm had revenue of $243.56 million during the quarter, compared to analysts’ expectations of $243.10 million. During the same quarter in the prior year, the company earned $0.46 EPS. The company’s 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. Equities analysts expect that CarGurus, Inc. will post 2.11 earnings per share for the current fiscal year.

CarGurus Company Profile

(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.