14,820 Shares in CarGurus, Inc. (NASDAQ:CARG) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new position in CarGurus, Inc. (NASDAQ:CARG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,820 shares of the company's stock, valued at approximately $542,000.

Several other institutional investors also recently bought and sold shares of the business. Point72 Hong Kong Ltd acquired a new stake in shares of CarGurus during the third quarter worth $28,000. Global Retirement Partners LLC boosted its stake in CarGurus by 198.5% in the 4th quarter. Global Retirement Partners LLC now owns 800 shares of the company's stock worth $29,000 after buying an additional 532 shares during the last quarter. Fifth Third Bancorp grew its holdings in CarGurus by 100.0% in the 4th quarter. Fifth Third Bancorp now owns 912 shares of the company's stock valued at $33,000 after buying an additional 456 shares during the period. Principal Securities Inc. increased its stake in shares of CarGurus by 82.7% during the 4th quarter. Principal Securities Inc. now owns 937 shares of the company's stock valued at $34,000 after acquiring an additional 424 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in shares of CarGurus during the 4th quarter valued at about $35,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

CarGurus Stock Performance

Shares of NASDAQ:CARG traded down $0.42 during mid-day trading on Wednesday, hitting $31.33. 878,075 shares of the company traded hands, compared to its average volume of 785,240. The firm's 50 day simple moving average is $35.41 and its 200 day simple moving average is $34.31. The firm has a market cap of $3.27 billion, a P/E ratio of 174.07, a PEG ratio of 1.72 and a beta of 1.52. CarGurus, Inc. has a 52-week low of $21.18 and a 52-week high of $41.33.

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CarGurus (NASDAQ:CARG - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 2.34% and a return on equity of 27.14%. Equities research analysts expect that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other CarGurus 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 directly owns 120,051 shares of the company's stock, valued at $4,295,424.78. This represents a 3.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Samuel Zales sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was 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 of the company's stock, valued at $15,344,959. The trade was a 4.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,888 shares of company stock worth $2,229,388 in the last quarter. 17.20% of the stock is owned by corporate 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.