Robeco Institutional Asset Management B.V. Purchases 10,498 Shares of CarGurus, Inc. (NASDAQ:CARG)

Robeco Institutional Asset Management B.V. grew its position in CarGurus, Inc. (NASDAQ:CARG - Free Report) by 23.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,261 shares of the company's stock after purchasing an additional 10,498 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.05% of CarGurus worth $2,019,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CARG. Loomis Sayles & Co. L P acquired a new stake in CarGurus during the 3rd quarter worth about $21,052,000. Assenagon Asset Management S.A. boosted its holdings in shares of CarGurus by 629.3% during the third quarter. Assenagon Asset Management S.A. now owns 372,379 shares of the company's stock worth $11,183,000 after purchasing an additional 321,318 shares during the period. State Street Corp grew its position in CarGurus by 4.8% during the third 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 in the last quarter. Barclays PLC lifted its position in CarGurus by 252.2% in the 3rd quarter. Barclays PLC now owns 169,461 shares of the company's stock worth $5,089,000 after buying an additional 121,341 shares in the last quarter. Finally, Moody Aldrich Partners LLC acquired a new stake in shares of CarGurus during the 4th quarter valued at $3,852,000. Institutional investors and hedge funds own 86.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CARG. Citigroup raised shares of CarGurus from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. JMP Securities reaffirmed a "market outperform" rating and set a $46.00 price target on shares of CarGurus in a research note on Monday, December 16th. B. Riley boosted their price target on CarGurus from $30.00 to $40.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Royal Bank of Canada lifted their target price on shares of CarGurus from $30.00 to $42.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of CarGurus from $36.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CarGurus currently has an average rating of "Moderate Buy" and an average target price of $38.41.

Insider Buying and Selling

In other CarGurus news, CEO Jason Trevisan sold 10,000 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $35.41, for a total transaction of $354,100.00. Following the completion of the transaction, the chief executive officer now directly owns 779,606 shares in the company, valued at $27,605,848.46. This represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Samuel Zales sold 25,168 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $35.43, for a total transaction of $891,702.24. Following the completion of the sale, the chief operating officer now owns 442,321 shares in the company, valued at $15,671,433.03. This represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 94,556 shares of company stock valued at $3,450,140 over the last ninety days. 17.20% of the stock is owned by company insiders.

CarGurus Trading Up 1.4 %

CARG stock traded up $0.55 during trading on Friday, reaching $39.58. 630,983 shares of the stock were exchanged, compared to its average volume of 762,703. The stock has a 50 day simple moving average of $37.68 and a 200-day simple moving average of $32.60. The company has a market capitalization of $4.10 billion, a P/E ratio of -86.04, a price-to-earnings-growth ratio of 1.80 and a beta of 1.59. CarGurus, Inc. has a twelve month low of $21.18 and a twelve month high of $41.33.

About CarGurus

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.