CarGurus, Inc. (NASDAQ:CARG) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of CarGurus, Inc. (NASDAQ:CARG - Get Free Report) have received an average recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $30.59.

CARG has been the topic of a number of recent analyst reports. BTIG Research increased their price target on shares of CarGurus from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Tuesday. JMP Securities restated a "market outperform" rating and set a $32.00 target price on shares of CarGurus in a research report on Monday, September 9th. Royal Bank of Canada upped their price target on CarGurus from $27.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, August 9th. DA Davidson reissued a "neutral" rating and issued a $26.50 price objective on shares of CarGurus in a report on Tuesday, September 10th. Finally, Needham & Company LLC boosted their price objective on CarGurus from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Friday, August 9th.

Insiders Place Their Bets

In other CarGurus news, COO Samuel Zales sold 25,168 shares of CarGurus stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $28.34, for a total transaction of $713,261.12. Following the transaction, the chief operating officer now directly owns 480,583 shares of the company's stock, valued at $13,619,722.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CTO Matthew Todd Quinn sold 3,495 shares of the company's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $29.43, for a total value of $102,857.85. Following the transaction, the chief technology officer now owns 205,696 shares of the company's stock, valued at $6,053,633.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Samuel Zales sold 25,168 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $28.34, for a total value of $713,261.12. Following the sale, the chief operating officer now directly owns 480,583 shares of the company's stock, valued at $13,619,722.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,065 shares of company stock valued at $1,823,794 in the last three months. 17.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Signaturefd LLC raised its holdings in shares of CarGurus by 81.3% in the 3rd quarter. Signaturefd LLC now owns 959 shares of the company's stock valued at $29,000 after buying an additional 430 shares during the period. Blue Trust Inc. lifted its holdings in CarGurus by 153.8% during the 3rd quarter. Blue Trust Inc. now owns 10,881 shares of the company's stock worth $327,000 after buying an additional 6,593 shares in the last quarter. Creative Planning boosted its position in CarGurus by 152.3% in the 3rd quarter. Creative Planning now owns 25,391 shares of the company's stock valued at $762,000 after buying an additional 15,328 shares during the period. Kathleen S. Wright Associates Inc. acquired a new position in shares of CarGurus in the third quarter worth $30,000. Finally, GAMMA Investing LLC grew its stake in shares of CarGurus by 19.0% in the third quarter. GAMMA Investing LLC now owns 2,459 shares of the company's stock worth $74,000 after acquiring an additional 393 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company's stock.

CarGurus Trading Up 1.2 %

CARG traded up $0.38 during midday trading on Tuesday, hitting $32.04. 515,818 shares of the company were exchanged, compared to its average volume of 841,098. The company's 50 day simple moving average is $29.32 and its 200 day simple moving average is $26.07. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 114.43, a price-to-earnings-growth ratio of 1.48 and a beta of 1.56. CarGurus has a 1-year low of $16.70 and a 1-year high of $32.36.

CarGurus (NASDAQ:CARG - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.23 by $0.07. CarGurus had a positive return on equity of 11.06% and a negative net margin of 5.57%. The firm had revenue of $218.69 million for the quarter, compared to analyst estimates of $214.85 million. On average, equities analysts anticipate that CarGurus will post 1.18 EPS for the current year.

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.