Moody Aldrich Partners LLC Acquires Shares of 105,411 CarGurus, Inc. (NASDAQ:CARG)

Moody Aldrich Partners LLC acquired a new stake in CarGurus, Inc. (NASDAQ:CARG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 105,411 shares of the company's stock, valued at approximately $3,852,000. Moody Aldrich Partners LLC owned 0.10% of CarGurus at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp raised its stake in CarGurus by 4.8% during the 3rd quarter. State Street Corp now owns 3,298,894 shares of the company's stock valued at $99,066,000 after purchasing an additional 151,862 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of CarGurus by 9.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,043,217 shares of the company's stock valued at $31,328,000 after purchasing an additional 89,815 shares in the last quarter. Alpha DNA Investment Management LLC bought a new position in CarGurus in the third quarter worth $503,000. Los Angeles Capital Management LLC boosted its stake in CarGurus by 51.9% during the third quarter. Los Angeles Capital Management LLC now owns 64,417 shares of the company's stock worth $1,934,000 after buying an additional 22,004 shares in the last quarter. Finally, Friedenthal Financial bought a new stake in CarGurus in the 4th quarter valued at $767,000. Institutional investors and hedge funds own 86.90% of the company's stock.

CarGurus Trading Down 3.3 %

NASDAQ CARG traded down $1.35 on Friday, hitting $39.20. 800,608 shares of the company were exchanged, compared to its average volume of 708,228. CarGurus, Inc. has a 1-year low of $21.18 and a 1-year high of $41.33. The firm has a 50 day moving average of $37.51 and a two-hundred day moving average of $32.28. The company has a market cap of $4.07 billion, a P/E ratio of -85.22, a P/E/G ratio of 1.79 and a beta of 1.58.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CARG shares. JMP Securities reaffirmed a "market outperform" rating and set a $46.00 price objective on shares of CarGurus in a report on Monday, December 16th. BTIG Research raised their price target on shares of CarGurus from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. B. Riley upped their price objective on CarGurus from $30.00 to $40.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Jefferies Financial Group raised their target price on CarGurus from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Finally, Citigroup raised CarGurus from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.41.

Insiders Place Their Bets

In related news, CEO Jason Trevisan sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $35.41, for a total value of $354,100.00. Following the completion of the sale, the chief executive officer now owns 779,606 shares of the company's stock, valued at $27,605,848.46. This trade represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Samuel Zales sold 25,168 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $35.43, for a total transaction of $891,702.24. Following the completion of the transaction, the chief operating officer now owns 442,321 shares of the company's stock, valued at $15,671,433.03. This trade represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,556 shares of company stock valued at $2,682,940. Insiders own 17.20% of the company's stock.

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.