CarGurus, Inc. (NASDAQ:CARG) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC raised its position in CarGurus, Inc. (NASDAQ:CARG) by 46.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,248 shares of the company’s stock after purchasing an additional 7,393 shares during the period. Natixis Advisors LLC’s holdings in CarGurus were worth $698,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in CarGurus by 19.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,459 shares of the company’s stock worth $74,000 after acquiring an additional 393 shares during the period. Lazard Asset Management LLC grew its position in shares of CarGurus by 2.2% in the first 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 period. Signaturefd LLC increased its stake in CarGurus by 81.3% in the third quarter. Signaturefd LLC now owns 959 shares of the company’s stock valued at $29,000 after purchasing an additional 430 shares during the last quarter. Raymond James Trust N.A. lifted its position in CarGurus by 1.9% during the second quarter. Raymond James Trust N.A. now owns 24,566 shares of the company’s stock worth $644,000 after buying an additional 450 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in CarGurus by 43.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,579 shares of the company’s stock worth $41,000 after buying an additional 479 shares during the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CarGurus news, CMO Dafna Sarnoff sold 3,107 shares of CarGurus stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $28.42, for a total transaction of $88,300.94. Following the transaction, the chief marketing officer now owns 128,952 shares of the company’s stock, valued at $3,664,815.84. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Matthew Todd Quinn sold 3,495 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $29.43, for a total transaction of $102,857.85. Following the completion of the sale, the chief technology officer now owns 205,696 shares of the company’s stock, valued at approximately $6,053,633.28. The trade was a 1.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,065 shares of company stock worth $2,356,336. Corporate insiders own 17.20% of the company’s stock.

CarGurus Stock Performance

Shares of CARG stock opened at $37.64 on Thursday. The stock has a market cap of $3.90 billion, a PE ratio of -79.26, a price-to-earnings-growth ratio of 1.89 and a beta of 1.55. The business’s fifty day moving average is $32.13 and its 200-day moving average is $28.05. CarGurus, Inc. has a 1 year low of $21.02 and a 1 year high of $37.94.

Wall Street Analyst Weigh In

CARG has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their price target on shares of CarGurus from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Oppenheimer raised their price objective on CarGurus from $32.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. BTIG Research increased their target price on shares of CarGurus from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on shares of CarGurus from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, JMP Securities upped their price target on shares of CarGurus from $41.00 to $46.00 and gave the stock a “market outperform” rating in a research report on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.86.

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.