CarGurus, Inc. (NASDAQ:CARG) Stock Holdings Increased by Sei Investments Co.

Sei Investments Co. boosted its holdings in CarGurus, Inc. (NASDAQ:CARG - Free Report) by 89.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 144,709 shares of the company's stock after purchasing an additional 68,209 shares during the period. Sei Investments Co. owned about 0.14% of CarGurus worth $5,288,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CARG. Raymond James Financial Inc. acquired a new stake in shares of CarGurus in the 4th quarter valued at about $19,465,000. State Street Corp increased its holdings in CarGurus by 4.8% in the third quarter. State Street Corp now owns 3,298,894 shares of the company's stock valued at $99,066,000 after buying an additional 151,862 shares during the last quarter. Barclays PLC raised its stake in CarGurus by 252.2% during the third quarter. Barclays PLC now owns 169,461 shares of the company's stock valued at $5,089,000 after buying an additional 121,341 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in CarGurus by 546.3% during the 4th quarter. Teacher Retirement System of Texas now owns 128,691 shares of the company's stock worth $4,702,000 after buying an additional 108,778 shares during the last quarter. Finally, Moody Aldrich Partners LLC acquired a new position in shares of CarGurus in the 4th quarter worth approximately $3,852,000. Institutional investors and hedge funds own 86.90% of the company's stock.

Insider Buying and Selling

In other CarGurus news, COO Samuel Zales sold 20,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $38.36, for a total transaction of $767,200.00. Following the sale, the chief operating officer now directly owns 400,025 shares in the company, valued at approximately $15,344,959. The trade was a 4.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Zachary Emerson Hallowell sold 2,203 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $38.12, for a total transaction of $83,978.36. Following the completion of the transaction, the chief executive officer now owns 115,983 shares of the company's stock, valued at $4,421,271.96. This trade represents a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,203 shares of company stock valued at $1,158,978 over the last 90 days. 17.20% of the stock is currently owned by company insiders.

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CarGurus Stock Performance

Shares of NASDAQ:CARG traded down $0.93 during trading hours on Friday, hitting $26.29. The stock had a trading volume of 1,486,074 shares, compared to its average volume of 831,322. The stock's fifty day simple moving average is $33.92 and its 200 day simple moving average is $34.34. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 146.06, a PEG ratio of 1.72 and a beta of 1.46. CarGurus, Inc. has a 1-year low of $21.18 and a 1-year high of $41.33.

CarGurus (NASDAQ:CARG - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.44 EPS 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. As a group, research analysts anticipate that CarGurus, Inc. will post 1.41 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on CARG shares. JPMorgan Chase & Co. downgraded shares of CarGurus from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $42.00 to $34.00 in a report on Thursday, March 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price target on shares of CarGurus in a report on Friday, February 21st. JMP Securities reaffirmed a "market outperform" rating and set a $46.00 price objective on shares of CarGurus in a research report on Monday, December 16th. Finally, Oppenheimer cut their target price on shares of CarGurus from $44.00 to $42.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, seven have assigned 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 $38.75.

CarGurus Company 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.