Natixis Advisors LLC Has $721,000 Holdings in CarGurus, Inc. (NASDAQ:CARG)

Natixis Advisors LLC lessened its holdings in CarGurus, Inc. (NASDAQ:CARG) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,756 shares of the company’s stock after selling 582 shares during the period. Natixis Advisors LLC’s holdings in CarGurus were worth $721,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CARG. Prevatt Capital Ltd grew its position in CarGurus by 9.8% in the 4th quarter. Prevatt Capital Ltd now owns 1,350,000 shares of the company’s stock worth $49,329,000 after purchasing an additional 120,000 shares in the last quarter. Northern Trust Corp grew its position in CarGurus by 5.5% in the 4th quarter. Northern Trust Corp now owns 942,535 shares of the company’s stock worth $34,440,000 after purchasing an additional 49,511 shares in the last quarter. Bessemer Group Inc. grew its position in CarGurus by 237,430.8% in the 1st quarter. Bessemer Group Inc. now owns 731,595 shares of the company’s stock worth $21,312,000 after purchasing an additional 731,287 shares in the last quarter. No Street GP LP bought a new stake in CarGurus in the 4th quarter worth about $25,578,000. Finally, Raymond James Financial Inc. bought a new stake in CarGurus in the 4th quarter worth about $19,465,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Activity at CarGurus

In other news, insider Ismail Elshareef sold 5,246 shares of CarGurus stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $31.37, for a total transaction of $164,567.02. Following the sale, the insider owned 107,007 shares of the company’s stock, valued at approximately $3,356,809.59. The trade was a 4.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Samuel Zales sold 10,000 shares of CarGurus stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $33.88, for a total transaction of $338,800.00. Following the sale, the chief operating officer directly owned 461,821 shares in the company, valued at $15,646,495.48. The trade was a 2.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,049 shares of company stock worth $1,616,397 in the last 90 days. Corporate insiders own 17.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CARG shares. Citigroup reduced their target price on shares of CarGurus from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, July 3rd. Royal Bank Of Canada restated an “outperform” rating and set a $42.00 price target on shares of CarGurus in a research note on Monday, May 12th. UBS Group upped their price target on shares of CarGurus from $33.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday. Needham & Company LLC upped their price target on shares of CarGurus from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Friday. Finally, Gordon Haskett assumed coverage on shares of CarGurus in a research note on Monday, July 14th. They set a “hold” rating and a $35.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $38.29.

CarGurus Stock Performance

CarGurus stock opened at $29.11 on Monday. The firm’s fifty day moving average price is $32.73 and its 200-day moving average price is $32.13. The stock has a market cap of $3.04 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $41.33.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, August 7th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. CarGurus had a net margin of 14.12% and a return on equity of 36.23%. The company had revenue of $234.03 million for the quarter, compared to analyst estimates of $232.29 million. During the same quarter last year, the firm earned $0.41 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, analysts predict that CarGurus, Inc. will post 1.41 earnings per share 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.