AlphaQuest LLC Has $292,000 Holdings in CarGurus, Inc. (NASDAQ:CARG)

AlphaQuest LLC boosted its stake in CarGurus, Inc. (NASDAQ:CARG) by 399,500.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,992 shares of the company’s stock after buying an additional 7,990 shares during the period. AlphaQuest LLC’s holdings in CarGurus were worth $292,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its stake in shares of CarGurus by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 42,500 shares of the company’s stock valued at $1,553,000 after purchasing an additional 300 shares in the last quarter. Principal Securities Inc. lifted its holdings in CarGurus by 82.7% during the 4th quarter. Principal Securities Inc. now owns 937 shares of the company’s stock valued at $34,000 after purchasing an additional 424 shares during the last quarter. Fifth Third Bancorp boosted its position in CarGurus by 100.0% in the fourth quarter. Fifth Third Bancorp now owns 912 shares of the company’s stock valued at $33,000 after buying an additional 456 shares in the last quarter. QRG Capital Management Inc. grew its stake in CarGurus by 6.6% during the fourth quarter. QRG Capital Management Inc. now owns 7,687 shares of the company’s stock worth $281,000 after buying an additional 475 shares during the last quarter. Finally, Point72 DIFC Ltd increased its holdings in shares of CarGurus by 15.2% during the third quarter. Point72 DIFC Ltd now owns 3,823 shares of the company’s stock worth $115,000 after buying an additional 504 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Insider Transactions at CarGurus

In other news, CMO Dafna Sarnoff sold 10,570 shares of CarGurus stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $35.78, for a total transaction of $378,194.60. Following the transaction, the chief marketing officer now directly owns 95,261 shares of the company’s stock, valued at $3,408,438.58. This trade represents a 9.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Samuel Zales sold 20,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $38.36, for a total transaction of $767,200.00. Following the completion of the transaction, the chief operating officer now directly owns 400,025 shares of the company’s stock, valued at $15,344,959. This trade 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 worth $2,204,338 in the last three months. Insiders own 17.20% of the company’s stock.

CarGurus Trading Up 2.1 %

CarGurus stock opened at $30.78 on Friday. The company has a market cap of $3.21 billion, a PE ratio of 171.01, a PEG ratio of 1.72 and a beta of 1.52. CarGurus, Inc. has a 1 year low of $21.18 and a 1 year high of $41.33. The company’s 50-day moving average is $36.33 and its two-hundred day moving average is $34.11.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CARG shares. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price target on shares of CarGurus in a report on Friday, February 21st. Oppenheimer lowered their target price on CarGurus from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. upped their price target on shares of CarGurus from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, JMP Securities reissued a “market outperform” rating and set a $46.00 price objective on shares of CarGurus in a report 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 issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $38.41.

About CarGurus

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.