2 days Ago By ABMN Staff
Russell Investments Group Ltd. lifted its position in CarGurus, Inc. ( NASDAQ:CARG – Free Report ) by 22.
2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 104,660 shares of the company’s stock after purchasing an additional 18,989 shares during the period. Russell Investments Group Ltd.
owned about 0.10% of CarGurus worth $3,825,000 as of its most recent SEC filing. Several other hedge funds also recently made changes to their positions in CARG.
Louisiana State Employees Retirement System boosted its position in CarGurus by 0.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 42,500 shares of the company’s stock valued at $1,553,000 after buying an additional 300 shares during the period.
Principal Securities Inc. raised its stake in shares of CarGurus by 82.7% during the fourth quarter.
Principal Securities Inc. now owns 937 shares of the company’s stock valued at $34,000 after acquiring an additional 424 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of CarGurus by 100.
0% during the fourth quarter. Fifth Third Bancorp now owns 912 shares of the company’s stock worth $33,000 after purchasing an additional 456 shares during the period. QRG Capital Management Inc.
grew its stake in shares of CarGurus by 6.6% in the fourth quarter. QRG Capital Management Inc.
now owns 7,687 shares of the company’s stock worth $281,000 after purchasing an additional 475 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in CarGurus by 0.
4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 133,450 shares of the company’s stock valued at $4,876,000 after purchasing an additional 500 shares during the period.
86.90% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades Several equities research analysts have weighed in on CARG shares.
JMP Securities dropped their price objective on CarGurus from $43.00 to $38.00 and set a “market outperform” rating for the company in a report on Wednesday, April 9th.
Oppenheimer dropped their price target on CarGurus from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, February 24th.
JPMorgan Chase & Co. downgraded shares of CarGurus from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $42.00 to $34.
00 in a research report on Thursday, March 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of CarGurus in a research report on Friday, February 21st.
Finally, UBS Group reduced their price target on shares of CarGurus from $36.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th.
Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $37.
14. CarGurus Stock Performance Shares of CARG opened at $27.08 on Wednesday.
CarGurus, Inc. has a fifty-two week low of $21.18 and a fifty-two week high of $41.
33. The firm’s 50-day simple moving average is $31.83 and its two-hundred day simple moving average is $34.
12. The stock has a market cap of $2.83 billion, a PE ratio of 150.
45, a price-to-earnings-growth ratio of 1.72 and a beta of 1.46.
CarGurus ( NASDAQ:CARG – Get Free Report ) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.
50 by ($0.06). CarGurus had a return on equity of 27.
14% and a net margin of 2.34%. The company had revenue of $228.
54 million during the quarter, compared to analysts’ expectations of $231.72 million. Equities research analysts predict that CarGurus, Inc.
will post 1.41 EPS for the current year. Insider Buying and Selling In other news, COO Samuel Zales sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 17th.
The shares were sold at an average price of $30.78, for a total transaction of $307,800.00.
Following the sale, the chief operating officer now owns 390,025 shares of the company’s stock, valued at $12,004,969.50. This trade represents a 2.
50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link . Also, CEO Zachary Emerson Hallowell sold 2,203 shares of CarGurus stock in a transaction that occurred on Friday, January 17th.
The stock was sold at an average price of $38.12, for a total transaction of $83,978.36.
Following the completion of the sale, the chief executive officer now owns 115,983 shares of the company’s stock, valued at $4,421,271.96. This represents a 1.
86 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold a total of 32,203 shares of company stock worth $1,158,978 in the last quarter.
Corporate insiders own 17.20% of the company’s stock. CarGurus Profile ( Free Report ) CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally.
It operates through two segments, U.S. Marketplace and Digital Wholesale.
The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers. Featured Stories 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.
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