Glenmede Trust Co. NA Sells $13.85M Worth of CarGurus Stock

Glenmede Trust Co. NA reduced its stake in CarGurus (NASDAQ:CARG) by 13% in Q1, selling 60,517 shares and now owning about 0.45% of the company's stock worth $13,848,000.

Other hedge funds also adjusted their holdings, with Royal Bank of Canada increasing its stake by 22.6%, AQR Capital Management LLC growing its stake by 25.4%, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raising its holdings by 3.0%, and Jane Street Group LLC boosting its stake by 113%.

The company's stock opened at $36.24 on Monday, with a 52-week low of $26.39 and a 52-week high of $39.42. CarGurus reported EPS of $0.58 for Q1, topping analysts' estimates of $0.56, and set its Q2 2026 guidance at 0.570-0.640 EPS.