Quantinno Capital Management LP Has $2.72 Million Holdings in CarGurus, Inc. $CARG

Posted by on Aug 10th, 2026

Quantinno Capital Management LP lifted its holdings in CarGurus, Inc. (NASDAQ:CARG – Free Report) by 156.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,010 shares of the company’s stock after acquiring an additional 48,760 shares during the quarter. Quantinno Capital Management LP owned approximately 0.09% of CarGurus worth $2,724,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its stake in shares of CarGurus by 180.8% during the first quarter. Lazard Asset Management LLC now owns 445,868 shares of the company’s stock valued at $15,182,000 after purchasing an additional 287,067 shares during the last quarter. Entropy Technologies LP boosted its position in shares of CarGurus by 91.5% in the 1st quarter. Entropy Technologies LP now owns 25,129 shares of the company’s stock worth $856,000 after purchasing an additional 12,004 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of CarGurus during the first quarter worth $3,487,000. Renaissance Technologies LLC increased its holdings in CarGurus by 8.3% in the first quarter. Renaissance Technologies LLC now owns 343,727 shares of the company’s stock valued at $11,704,000 after purchasing an additional 26,300 shares during the last quarter. Finally, Bollard Group LLC acquired a new position in CarGurus in the first quarter valued at about $971,000. Institutional investors own 86.90% of the company’s stock.

CarGurus News Summary

Here are the key news stories impacting CarGurus this week:

  • Positive Sentiment: Q2 earnings beat expectations: CarGurus reported adjusted earnings of $0.66 per share, up from $0.57 a year earlier and above analysts’ estimates of approximately $0.61–$0.62. Revenue reached $251.0 million, slightly exceeding consensus expectations and increasing 13% year over year. CarGurus Beats Q2 Earnings and Revenue Estimates
  • Positive Sentiment: Strong profitability and cash generation: Second-quarter GAAP net income from continuing operations was $49.2 million. Adjusted EBITDA was $84.7 million, near the high end of company guidance, while operating cash flow was $94.6 million and free cash flow was $87.7 million. CarGurus Announces Second Quarter 2026 Results
  • Positive Sentiment: Above-consensus Q3 outlook: CarGurus guided for third-quarter EPS of $0.63–$0.69, ahead of the $0.61 analyst consensus. Revenue guidance of $253.5 million–$258.5 million was broadly consistent with expectations, suggesting continued year-over-year growth. CarGurus Earnings Report
  • Positive Sentiment: Share repurchases support per-share value: The company repurchased $29.2 million of stock during Q2. Since December 2022, cumulative repurchases have exceeded 30% of shares outstanding, which can support EPS and shareholder returns. CarGurus Q2 Results Presentation
  • Neutral Sentiment: Revenue was only modestly above estimates, and the available report does not provide a clear updated full-year 2026 EPS target. Investors may therefore focus on future growth trends and the company’s ability to sustain its strong margins and cash flow.

Insider Buying and Selling at CarGurus

In other 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 directly owned 233,146 shares of the company’s stock, valued at approximately $8,167,104.38. This represents a 1.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $34.56, for a total transaction of $86,365.44. Following the completion of the transaction, the insider owned 92,894 shares of the company’s stock, valued at $3,210,416.64. The trade was a 2.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 31,764 shares of company stock valued at $1,071,649 in the last three months. Corporate insiders own 18.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CARG shares. Citigroup started coverage on shares of CarGurus in a research report on Friday, June 12th. They set a “buy” rating on the stock. UBS Group lifted their price objective on shares of CarGurus from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday. Wall Street Zen lowered CarGurus from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings lowered CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Finally, B. Riley Financial reiterated a “buy” rating on shares of CarGurus in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CarGurus has an average rating of “Moderate Buy” and a consensus price target of $40.25.

Check Out Our Latest Report on CARG

CarGurus Stock Performance

CarGurus stock opened at $38.99 on Monday. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 1.42 and a beta of 1.17. The stock’s 50 day moving average is $32.85 and its 200-day moving average is $32.64. CarGurus, Inc. has a 12 month low of $26.39 and a 12 month high of $41.22.

CarGurus (NASDAQ:CARG – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. CarGurus had a return on equity of 62.88% and a net margin of 18.06%.The company had revenue of $250.97 million during the quarter, compared to the consensus estimate of $249.85 million. During the same quarter last year, the firm earned $0.57 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. As a group, equities research analysts predict that CarGurus, Inc. will post 2.11 earnings per share for the current fiscal year.

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.

Featured Articles

Want to see what other hedge funds are holding CARG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CarGurus, Inc. (NASDAQ:CARG – Free Report).

Institutional Ownership by Quarter for CarGurus (NASDAQ:CARG)

Receive News & Ratings for CarGurus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarGurus and related companies with MarketBeat.com's FREE daily email newsletter.