CarGurus, Inc. (NASDAQ:CARG) Stock Position Lifted by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lifted its holdings in CarGurus, Inc. (NASDAQ:CARG) by 59.6% in the 4th quarter, HoldingsChannel reports. The firm owned 21,376 shares of the company’s stock after purchasing an additional 7,982 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in CarGurus were worth $781,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of CARG. Louisiana State Employees Retirement System lifted its stake in CarGurus by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 42,500 shares of the company’s stock worth $1,553,000 after acquiring an additional 300 shares in the last quarter. Principal Securities Inc. lifted its stake in CarGurus by 82.7% in the 4th quarter. Principal Securities Inc. now owns 937 shares of the company’s stock worth $34,000 after acquiring an additional 424 shares in the last quarter. Fifth Third Bancorp lifted its stake in CarGurus by 100.0% in the 4th quarter. Fifth Third Bancorp now owns 912 shares of the company’s stock worth $33,000 after acquiring an additional 456 shares in the last quarter. QRG Capital Management Inc. lifted its stake in CarGurus by 6.6% in the 4th quarter. QRG Capital Management Inc. now owns 7,687 shares of the company’s stock worth $281,000 after acquiring an additional 475 shares in the last quarter. Finally, Point72 DIFC Ltd lifted its stake in CarGurus by 15.2% in the 3rd quarter. Point72 DIFC Ltd now owns 3,823 shares of the company’s stock worth $115,000 after acquiring an additional 504 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

CarGurus Stock Up 1.9 %

CARG opened at $32.46 on Thursday. The firm has a market capitalization of $3.39 billion, a P/E ratio of 180.34, a price-to-earnings-growth ratio of 1.72 and a beta of 1.52. The stock’s 50 day moving average price is $37.08 and its two-hundred day moving average price is $34.04. CarGurus, Inc. has a 12-month low of $21.18 and a 12-month high of $41.33.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, February 20th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.06). The business had revenue of $228.54 million during the quarter, compared to analyst estimates of $231.72 million. CarGurus had a net margin of 2.34% and a return on equity of 27.14%. As a group, analysts anticipate that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Insider Buying and Selling at CarGurus

In other CarGurus news, CEO Zachary Emerson Hallowell sold 2,203 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $38.12, for a total value of $83,978.36. Following the completion of the sale, the chief executive officer now owns 115,983 shares in the company, valued at approximately $4,421,271.96. This trade represents a 1.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Samuel Zales sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $38.36, for a total value of $767,200.00. Following the completion of the sale, the chief operating officer now owns 400,025 shares of the company’s stock, valued at $15,344,959. This represents a 4.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 59,388 shares of company stock valued at $2,204,338 in the last 90 days. 17.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CARG shares. DA Davidson raised their price target on CarGurus from $26.50 to $38.50 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Royal Bank of Canada raised their price target on CarGurus from $30.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Citigroup raised CarGurus from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Oppenheimer cut 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. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $46.00 price target on shares of CarGurus in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.41.

CarGurus Profile

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.