Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Cargurus Inc (CARG)

358 + Investors. Track Smart Money conviction in CARG. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
1Q ▲
Buyers last Q
47%

Smart Money Signals — CARG

Based on 363 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added CARG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
363 hedge funds hold CARG right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +9% more funds vs a year ago

fund count last 6Q
+30 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 47% buying

177 buying200 selling
Last quarter: 200 funds reduced or exited vs 177 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter
Funds opening a new CARG position: 48 → 66 → 57 → 65. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 21% medium ■ 20% new
211 out of 363 hedge funds have held CARG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~65 new funds/quarter

69 → 48 → 66 → 57 → 65 new funds/Q
New funds entering each quarter: 48 → 66 → 57 → 65. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 64% veterans vs 24% newcomers

■ 64% veterans ■ 12% 1-2yr ■ 24% new
Entry-cohort mix of 369 holders: 235 (64%) are 2+ year veterans, 46 entered 1–2 years ago, and 88 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 51% AUM from top-100 funds

51% from top-100 AUM funds
55 of 362 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in CARG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CARG

In 2026 Q2, 177 hedge funds were net buyers of CARG (65 opened a new position, 112 added to an existing one), while 200 reduced or exited (143 trimmed, 57 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. 51% of total institutional value in CARG is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 363.

Hedge Fund Ownership: CARG

How many hedge funds hold CARG — quarterly history vs. share price
Quarterly hedge fund ownership of CARG vs. share price

Market Analysis: CARG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CARG

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Cargurus Inc (CARG) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CARG has moved relative to its sector benchmark (XLY) since the 2026 Q3 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End September 30, 2026 · 45d ago
CARG
+11.7%
XLY
+10.1%

CARG outperformed XLY by +1.6% since September 30, 2026.

Since 13F Filing Date November 14, 2026 · 0d ago
CARG
+0.0%
XLY
+0.0%

Since the filing became public, CARG outperformed XLY by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

16 top-rated funds 2 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
2.0
/ 10
conviction
Hedge Fund Positioning: CARG
2026 Q3 Stats Unlock in 5 days 358 + Investors

Track Smart Money conviction in CARG. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 358 355 0.85%
13F Shares 79M 82M -2.8%
Total Value $2.60B $2.71B -4.05%
New Positions 63 57 +6
Increased Positions 111 128 -17
Closed Positions 59 63 -4
Reduced Positions 140 129 +11
Total Calls 3 3 -
Total Puts 4 0 100%
PUT/CALL Ratio 1.33 0.0 Bearish

Statistics: CARG

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Income Statement & Cash Flow
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Institutional Holders (2026 Q3)

358 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CARG. Verified SEC 13F-HR filings.

QUARTER:
2026 Q3 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 CARG holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Vitruvian Partners LLP 6.05% 220,000 $6.9M
2 Gagnon Securities LLC 1.99% 368,573 $11.5M
3 Barnett & Company, Inc. 1.20% 50,900 $1.6M
4 S&T Bank/Pa 0.62% 59,279 $1.8M
5 Congress Asset Management Co 0.43% 2,125,686 $66.2M
6 Leuthold Group, LLC 0.31% 106,697 $3.3M
7 Convergence Investment Partners, LLC 0.30% 127,870 $4.0M
8 Unique Wealth Strategies, LLC 0.29% 23,253 $793K
9 Landscape Capital Management, L.L.C. 0.28% 120,100 $3.7M
10 Stackstone Wealth, LLC 0.22% 73,092 $2.3M
11 Integrated Quantitative Investments LLC 0.20% 36,495 $1.1M
12 Dana Investment Advisors, Inc. 0.18% 218,033 $6.8M
13 Hillsdale Investment Management Inc. 0.17% 239,730 $7.5M
14 GAM Holding AG 0.16% 63,165 $2.0M
15 Edgestream Partners, L.P. 0.15% 176,726 $5.5M
16 Ironwood Investment Management LLC 0.12% 10,655 $332K
17 Fort Washington Investment Advisors Inc /Oh/ 0.11% 718,447 $22.4M
18 Marshall Financial Group, LLC 0.11% 24,761 $772K
19 Gibbs Wealth Management 0.10% 25,301 $863K
20 Novem Group 0.09% 30,458 $949K
21 Allen Investment Management, LLC 0.09% 257,827 $8.0M
22 Abel Hall, LLC 0.08% 14,304 $446K
23 Bellars Harris Wealth Management, LLC 0.08% 11,894 $371K
24 Y-Intercept (Hong Kong) Ltd 0.08% 113,067 $3.5M
25 Campbell & CO Investment Adviser LLC 0.05% 40,433 $1.3M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

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Frequently Asked Questions — Cargurus Inc (CARG)

What does the Smart Money Trend signal show for CARG?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added CARG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for CARG?

More sellers than buyers — 47% buying: Last quarter: 200 funds reduced or exited vs 177 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for CARG holders?

Elite ownership — 51% AUM from top-100 funds: 55 of 362 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in CARG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held CARG?

58% of holders stayed for 2+ years: 211 out of 363 hedge funds have held CARG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Cargurus Inc (CARG) following the 2026 Q3 hedge fund 13F filings?

As of today, CARG has moved +0.0% since the 2026 Q3 13F filing date (November 14, 2026), compared to +0.0% for the XLY sector ETF — an outperformance of +0.0%. Since the quarter end (September 30, 2026), CARG has gained +11.7% vs +10.1% for XLY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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