CarGurus, Inc. (NASDAQ:CARG) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its stake in CarGurus, Inc. (NASDAQ:CARG - Free Report) by 51.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,417 shares of the company's stock after buying an additional 22,004 shares during the period. Los Angeles Capital Management LLC owned approximately 0.06% of CarGurus worth $1,934,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Signaturefd LLC boosted its holdings in shares of CarGurus by 81.3% during the third quarter. Signaturefd LLC now owns 959 shares of the company's stock worth $29,000 after purchasing an additional 430 shares during the period. Kathleen S. Wright Associates Inc. bought a new position in shares of CarGurus during the third quarter valued at $30,000. CWM LLC lifted its stake in shares of CarGurus by 54.1% in the second quarter. CWM LLC now owns 1,381 shares of the company's stock worth $36,000 after buying an additional 485 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of CarGurus by 43.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,579 shares of the company's stock valued at $41,000 after buying an additional 479 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of CarGurus in the 1st quarter worth $49,000. 86.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CarGurus news, COO Samuel Zales sold 25,168 shares of CarGurus stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $31.62, for a total transaction of $795,812.16. Following the completion of the sale, the chief operating officer now owns 449,821 shares of the company's stock, valued at approximately $14,223,340.02. The trade was a 5.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Matthew Todd Quinn sold 3,495 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $29.43, for a total transaction of $102,857.85. Following the completion of the sale, the chief technology officer now owns 205,696 shares in the company, valued at $6,053,633.28. The trade was a 1.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,065 shares of company stock worth $1,823,794 over the last 90 days. Company insiders own 17.20% of the company's stock.

CarGurus Trading Down 1.9 %

Shares of CarGurus stock traded down $0.68 during trading on Thursday, hitting $35.89. 552,210 shares of the stock traded hands, compared to its average volume of 827,921. The stock's fifty day simple moving average is $30.76 and its 200 day simple moving average is $27.20. CarGurus, Inc. has a 52-week low of $18.90 and a 52-week high of $37.94. The firm has a market cap of $3.71 billion, a P/E ratio of -78.02, a price-to-earnings-growth ratio of 2.09 and a beta of 1.55.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CARG. Citigroup raised shares of CarGurus from a "hold" rating to a "strong-buy" rating in a report on Monday. JMP Securities increased their target price on shares of CarGurus from $32.00 to $41.00 and gave the stock a "market outperform" rating in a report on Monday. Oppenheimer boosted their price objective on CarGurus from $32.00 to $44.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Jefferies Financial Group raised their target price on shares of CarGurus from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, B. Riley raised their price target on CarGurus from $30.00 to $40.00 and gave the company a "buy" rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CarGurus presently has an average rating of "Moderate Buy" and an average target price of $37.41.

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.