Yousif Capital Management LLC Trims Holdings in CarGurus, Inc. (NASDAQ:CARG)

Yousif Capital Management LLC decreased its position in shares of CarGurus, Inc. (NASDAQ:CARG) by 2.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,251 shares of the company’s stock after selling 939 shares during the quarter. Yousif Capital Management LLC’s holdings in CarGurus were worth $939,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in CarGurus by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 9,686,886 shares of the company’s stock worth $353,959,000 after buying an additional 225,430 shares during the last quarter. Wellington Management Group LLP raised its position in CarGurus by 12.7% during the 4th quarter. Wellington Management Group LLP now owns 7,145,350 shares of the company’s stock worth $261,091,000 after buying an additional 802,602 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in CarGurus by 168.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,524,478 shares of the company’s stock worth $55,704,000 after buying an additional 957,035 shares during the last quarter. Prevatt Capital Ltd raised its position in CarGurus by 9.8% during the 4th quarter. Prevatt Capital Ltd now owns 1,350,000 shares of the company’s stock worth $49,329,000 after buying an additional 120,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in CarGurus by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,073,810 shares of the company’s stock worth $39,237,000 after buying an additional 30,593 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Activity

In related news, CEO Zachary Emerson Hallowell sold 1,824 shares of CarGurus stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $26.73, for a total transaction of $48,755.52. Following the transaction, the chief executive officer now owns 129,790 shares in the company, valued at approximately $3,469,286.70. This trade represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Javier Esquivel Zamora sold 12,265 shares of CarGurus stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $31.37, for a total value of $384,753.05. Following the transaction, the general counsel now owns 102,723 shares in the company, valued at approximately $3,222,420.51. The trade was a 10.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,335 shares of company stock worth $1,149,376 over the last quarter. 16.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Oppenheimer reduced their price target on shares of CarGurus from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. UBS Group raised their price target on shares of CarGurus from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $42.00 target price on shares of CarGurus in a report on Monday, May 12th. JMP Securities dropped their target price on CarGurus from $43.00 to $38.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Needham & Company LLC dropped their target price on CarGurus from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.95.

CarGurus Trading Up 1.8%

Shares of CARG opened at $31.75 on Thursday. CarGurus, Inc. has a 12 month low of $21.65 and a 12 month high of $41.33. The stock’s 50 day moving average is $30.09 and its two-hundred day moving average is $33.26. The firm has a market cap of $3.32 billion, a P/E ratio of 90.72, a PEG ratio of 1.53 and a beta of 1.44.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. CarGurus had a return on equity of 32.54% and a net margin of 4.28%. The company had revenue of $225.16 million for the quarter, compared to analyst estimates of $226.72 million. During the same period last year, the company earned $0.32 earnings per share. CarGurus’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts forecast that CarGurus, Inc. will post 1.41 EPS for the current year.

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.