6 days Ago By ABMN Staff
Vanguard Group Inc. grew its holdings in CarGurus, Inc. ( NASDAQ:CARG – Free Report ) by 2.
4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,686,886 shares of the company’s stock after acquiring an additional 225,430 shares during the period. Vanguard Group Inc.
owned 9.34% of CarGurus worth $353,959,000 as of its most recent SEC filing. Several other hedge funds also recently modified their holdings of the business.
State Street Corp boosted its position in CarGurus by 4.8% during the third quarter. State Street Corp now owns 3,298,894 shares of the company’s stock worth $99,066,000 after purchasing an additional 151,862 shares during the period.
Geode Capital Management LLC boosted its holdings in shares of CarGurus by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,055,145 shares of the company’s stock worth $61,728,000 after buying an additional 74,730 shares during the period.
Charles Schwab Investment Management Inc. grew its holdings in CarGurus by 2.9% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 1,073,810 shares of the company’s stock valued at $39,237,000 after buying an additional 30,593 shares during the last quarter. Raymond James Financial Inc.
acquired a new position in CarGurus during the 4th quarter valued at $19,465,000. Finally, Principal Financial Group Inc. increased its stake in CarGurus by 4.
8% during the fourth quarter. Principal Financial Group Inc. now owns 471,697 shares of the company’s stock valued at $17,236,000 after acquiring an additional 21,682 shares during the period.
Institutional investors and hedge funds own 86.90% of the company’s stock. Insider Activity at CarGurus In other news, CEO Zachary Emerson Hallowell sold 2,203 shares of CarGurus stock in a transaction dated Friday, January 17th.
The stock was sold at an average price of $38.12, for a total transaction of $83,978.36.
Following the transaction, the chief executive officer now owns 115,983 shares in the company, valued at $4,421,271.96. The trade was a 1.
86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink . Also, COO Samuel Zales sold 10,000 shares of the business’s stock in a transaction on Monday, March 17th.
The shares were sold at an average price of $30.78, for a total transaction of $307,800.00.
Following the completion of the sale, the chief operating officer now directly owns 390,025 shares in the company, valued at $12,004,969.50. This represents a 2.
50 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold 32,203 shares of company stock worth $1,158,978 over the last ninety days.
Company insiders own 17.20% of the company’s stock. Analysts Set New Price Targets Get Our Latest Stock Report on CARG CarGurus Stock Down 7.
8 % CarGurus stock opened at $27.22 on Friday. The stock has a market capitalization of $2.
84 billion, a price-to-earnings ratio of 151.23, a P/E/G ratio of 1.72 and a beta of 1.
46. CarGurus, Inc. has a 12-month low of $21.
18 and a 12-month high of $41.33. The stock has a 50-day simple moving average of $34.
17 and a 200 day simple moving average of $34.30. CarGurus ( NASDAQ:CARG – Get Free Report ) last announced its quarterly earnings data on Thursday, February 20th.
The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.
06). The firm had revenue of $228.54 million during the quarter, compared to the consensus estimate of $231.
72 million. CarGurus had a net margin of 2.34% and a return on equity of 27.
14%. As a group, sell-side analysts anticipate that CarGurus, Inc. will post 1.
41 EPS for the current year. 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.
Further Reading 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 ).
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