6,022 Shares in CarGurus, Inc. (NASDAQ:CARG) Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. acquired a new position in CarGurus, Inc. (NASDAQ:CARG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,022 shares of the company’s stock, valued at approximately $220,000.

Several other large investors also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. increased its holdings in CarGurus by 14.6% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 13,938 shares of the company’s stock worth $509,000 after acquiring an additional 1,781 shares during the last quarter. USA Financial Formulas bought a new position in CarGurus in the 4th quarter worth about $35,000. Friedenthal Financial bought a new position in CarGurus in the 4th quarter worth about $767,000. Harbour Capital Advisors LLC bought a new position in CarGurus in the 4th quarter worth about $402,000. Finally, Harbor Capital Advisors Inc. boosted its stake in CarGurus by 41.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 14,251 shares of the company’s stock worth $521,000 after purchasing an additional 4,200 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

CarGurus Stock Performance

Shares of NASDAQ:CARG opened at $38.99 on Tuesday. CarGurus, Inc. has a 52-week low of $21.18 and a 52-week high of $39.62. The firm has a fifty day moving average of $37.14 and a 200 day moving average of $31.93. The firm has a market capitalization of $4.04 billion, a PE ratio of -84.76, a price-to-earnings-growth ratio of 1.70 and a beta of 1.58.

Insider Buying and Selling

In other CarGurus news, CEO Jason Trevisan sold 10,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $35.41, for a total transaction of $354,100.00. Following the completion of the sale, 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 filing with the SEC, which is available at this hyperlink. Also, COO Samuel Zales sold 25,168 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $35.43, for a total transaction of $891,702.24. Following the sale, the chief operating officer now owns 442,321 shares of the company’s stock, valued at approximately $15,671,433.03. The trade was a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,556 shares of company stock worth $2,682,940. Corporate insiders own 17.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CARG shares. Oppenheimer raised their target price on CarGurus from $32.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. BTIG Research raised their target price on CarGurus from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. DA Davidson raised their target price on CarGurus from $26.50 to $38.50 and gave the stock a “neutral” rating in a research note on Friday, November 8th. JMP Securities restated a “market outperform” rating and issued a $46.00 target price on shares of CarGurus in a research note on Monday, December 16th. Finally, Royal Bank of Canada raised their target price on CarGurus from $30.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Two investment 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.41.

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.