CarGurus, Inc. (NASDAQ:CARG) Shares Purchased by Cwm LLC

Cwm LLC boosted its holdings in shares of CarGurus, Inc. (NASDAQ:CARG) by 54.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,381 shares of the company’s stock after acquiring an additional 485 shares during the quarter. Cwm LLC’s holdings in CarGurus were worth $36,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of CarGurus by 25.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,066 shares of the company’s stock worth $54,000 after purchasing an additional 425 shares during the last quarter. SG Capital Management LLC acquired a new stake in shares of CarGurus during the first quarter valued at about $4,222,000. Swedbank AB purchased a new stake in shares of CarGurus in the 1st quarter valued at approximately $1,352,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of CarGurus by 4.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,448 shares of the company’s stock worth $1,303,000 after acquiring an additional 2,655 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in CarGurus by 2.2% in the 1st quarter. Lazard Asset Management LLC now owns 19,510 shares of the company’s stock valued at $450,000 after purchasing an additional 420 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. JMP Securities upped their price target on CarGurus from $30.00 to $32.00 and gave the stock a “market outperform” rating in a research note on Monday, August 12th. BTIG Research raised their target price on CarGurus from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 9th. B. Riley boosted their price target on shares of CarGurus from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. DA Davidson raised their price objective on shares of CarGurus from $22.00 to $25.50 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, Oppenheimer lifted their price objective on shares of CarGurus from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.25.

CarGurus Trading Up 1.2 %

CarGurus stock opened at $28.50 on Thursday. The company has a fifty day simple moving average of $25.54 and a 200-day simple moving average of $24.08. The stock has a market cap of $2.97 billion, a P/E ratio of 101.79, a price-to-earnings-growth ratio of 1.40 and a beta of 1.57. CarGurus, Inc. has a 12-month low of $16.70 and a 12-month high of $28.70.

Insider Buying and Selling at CarGurus

In other news, COO Samuel Zales sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $25.00, for a total transaction of $750,000.00. Following the completion of the transaction, the chief operating officer now directly owns 518,845 shares of the company’s stock, valued at approximately $12,971,125. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, General Counsel Javier Esquivel Zamora sold 6,680 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $25.00, for a total value of $167,000.00. Following the completion of the sale, the general counsel now directly owns 102,130 shares of the company’s stock, valued at $2,553,250. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Samuel Zales sold 30,000 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $25.00, for a total transaction of $750,000.00. Following the completion of the transaction, the chief operating officer now owns 518,845 shares of the company’s stock, valued at approximately $12,971,125. The disclosure for this sale can be found here. Insiders have sold a total of 90,994 shares of company stock worth $2,396,053 over the last ninety days. Corporate insiders own 17.20% of the company’s stock.

CarGurus Company 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.