Thames Capital Management LLC Takes $2.78 Million Position in CarGurus, Inc. (NASDAQ:CARG)

Thames Capital Management LLC bought a new position in CarGurus, Inc. (NASDAQ:CARG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 76,169 shares of the company's stock, valued at approximately $2,783,000. Thames Capital Management LLC owned approximately 0.07% of CarGurus at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Louisiana State Employees Retirement System raised its position in CarGurus by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 42,500 shares of the company's stock valued at $1,553,000 after purchasing an additional 300 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of CarGurus by 82.7% in the fourth quarter. Principal Securities Inc. now owns 937 shares of the company's stock valued at $34,000 after buying an additional 424 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of CarGurus by 100.0% in the fourth 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 last quarter. QRG Capital Management Inc. lifted its position in CarGurus by 6.6% during the 4th quarter. QRG Capital Management Inc. now owns 7,687 shares of the company's stock worth $281,000 after buying an additional 475 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in CarGurus by 0.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 133,450 shares of the company's stock worth $4,876,000 after acquiring an additional 500 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

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CarGurus Stock Up 0.7 %

CarGurus stock traded up $0.18 during midday trading on Friday, hitting $26.75. 448,644 shares of the stock were exchanged, compared to its average volume of 851,666. The stock has a market capitalization of $2.79 billion, a PE ratio of 148.73, a P/E/G ratio of 1.72 and a beta of 1.46. The company has a fifty day simple moving average of $32.33 and a two-hundred day simple moving average of $34.13. CarGurus, Inc. has a 52 week low of $21.18 and a 52 week high of $41.33.

CarGurus (NASDAQ:CARG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.06). The firm had revenue of $228.54 million during the quarter, compared to the consensus estimate of $231.72 million. CarGurus had a net margin of 2.34% and a return on equity of 27.14%. As a group, equities research analysts anticipate that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Insider Transactions at CarGurus

In related news, CEO Zachary Emerson Hallowell sold 2,203 shares of the business's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $38.12, for a total value of $83,978.36. Following the sale, the chief executive officer now directly owns 115,983 shares of the company's stock, valued at approximately $4,421,271.96. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Samuel Zales sold 10,000 shares of CarGurus stock in a transaction dated Monday, March 17th. The shares were 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 in the company, valued at $12,004,969.50. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,203 shares of company stock valued at $1,158,978 over the last 90 days. 17.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CARG shares. Oppenheimer dropped their target price on shares of CarGurus from $44.00 to $42.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. JMP Securities dropped their price objective on shares of CarGurus from $43.00 to $38.00 and set a "market outperform" rating for the company in a research report on Wednesday. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price objective on shares of CarGurus in a research report on Friday, February 21st. JPMorgan Chase & Co. downgraded CarGurus from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $42.00 to $34.00 in a research report on Thursday, March 27th. Finally, UBS Group decreased their price target on CarGurus from $36.00 to $29.00 and set a "neutral" rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.14.

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.