Thrivent Financial for Lutherans Sells 41,464 Shares of CarGurus, Inc. (NASDAQ:CARG)

Thrivent Financial for Lutherans decreased its holdings in CarGurus, Inc. (NASDAQ:CARG - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,238,571 shares of the company's stock after selling 41,464 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.19% of CarGurus worth $45,257,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Global Retirement Partners LLC increased its stake in shares of CarGurus by 198.5% in the fourth quarter. Global Retirement Partners LLC now owns 800 shares of the company's stock valued at $29,000 after buying an additional 532 shares during the period. Fifth Third Bancorp increased its position in CarGurus by 100.0% during the 4th quarter. Fifth Third Bancorp now owns 912 shares of the company's stock valued at $33,000 after purchasing an additional 456 shares during the period. Point72 Hong Kong Ltd bought a new position in CarGurus during the 3rd quarter worth approximately $28,000. Principal Securities Inc. lifted its position in shares of CarGurus by 82.7% in the 4th quarter. Principal Securities Inc. now owns 937 shares of the company's stock worth $34,000 after purchasing an additional 424 shares during the period. Finally, USA Financial Formulas bought a new stake in shares of CarGurus in the 4th quarter valued at $35,000. 86.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Needham & Company LLC restated a "buy" rating and issued a $45.00 target price on shares of CarGurus in a report on Friday, February 21st. JPMorgan Chase & Co. upped their target price on CarGurus from $40.00 to $42.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. JMP Securities reiterated a "market outperform" rating and issued a $46.00 target price on shares of CarGurus in a report on Monday, December 16th. Finally, Oppenheimer cut their price target on CarGurus from $44.00 to $42.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $39.55.

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CarGurus Stock Performance

CARG traded up $1.29 during mid-day trading on Monday, reaching $31.40. 1,040,242 shares of the stock were exchanged, compared to its average volume of 783,240. The company has a 50 day moving average price of $35.58 and a two-hundred day moving average price of $34.26. The stock has a market capitalization of $3.28 billion, a PE ratio of 174.45, a price-to-earnings-growth 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.

CarGurus (NASDAQ:CARG - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $228.54 million for the quarter, compared to analysts' expectations of $231.72 million. CarGurus had a return on equity of 27.14% and a net margin of 2.34%. Sell-side analysts expect that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Insider Buying and Selling at CarGurus

In related news, CEO Zachary Emerson Hallowell sold 4,580 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $35.78, for a total value of $163,872.40. Following the transaction, the chief executive officer now owns 120,051 shares in the company, valued at approximately $4,295,424.78. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Samuel Zales sold 10,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $30.78, for a total value of $307,800.00. Following the completion of the sale, the chief operating officer now directly owns 390,025 shares of the company's stock, valued at $12,004,969.50. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,888 shares of company stock worth $2,229,388 in the last quarter. 17.20% of the stock is currently owned by company insiders.

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.