Harbor Capital Advisors Inc. Has $521,000 Stock Position in CarGurus, Inc. (NASDAQ:CARG)

Harbor Capital Advisors Inc. boosted its stake in shares of CarGurus, Inc. (NASDAQ:CARG) by 41.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,251 shares of the company’s stock after acquiring an additional 4,200 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in CarGurus were worth $521,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd bought a new stake in shares of CarGurus during the third quarter valued at approximately $28,000. Signaturefd LLC boosted its position in 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 last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in shares of CarGurus in the 3rd quarter valued at $30,000. Quarry LP raised its position in shares of CarGurus by 155.8% during the third quarter. Quarry LP now owns 1,499 shares of the company’s stock worth $45,000 after acquiring an additional 913 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of CarGurus by 19.0% during the third quarter. GAMMA Investing LLC now owns 2,459 shares of the company’s stock valued at $74,000 after acquiring an additional 393 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insiders Place Their Bets

In other CarGurus news, CEO Jason Trevisan sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $35.41, for a total transaction of $354,100.00. Following the sale, the chief executive officer now directly owns 779,606 shares in the company, valued at approximately $27,605,848.46. This trade represents a 1.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Samuel Zales sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $37.70, for a total transaction of $282,750.00. Following the completion of the transaction, the chief operating officer now owns 434,821 shares of the company’s stock, valued at $16,392,751.70. This trade represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,353 shares of company stock worth $2,598,961. Corporate insiders own 17.20% of the company’s stock.

CarGurus Stock Down 0.2 %

Shares of NASDAQ CARG opened at $35.89 on Wednesday. CarGurus, Inc. has a twelve month low of $21.18 and a twelve month high of $39.10. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of -78.02, a P/E/G ratio of 2.00 and a beta of 1.58. The company’s fifty day moving average is $36.62 and its 200-day moving average is $31.08.

Analyst Ratings Changes

CARG has been the subject of a number of research reports. DA Davidson lifted their price objective on CarGurus from $26.50 to $38.50 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC lifted their price target on shares of CarGurus from $27.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. B. Riley boosted their price target on shares of CarGurus from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Royal Bank of Canada raised their price objective 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, JMP Securities reiterated a “market outperform” rating and set a $46.00 target price on shares of CarGurus in a research report on Monday, December 16th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.86.

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.