Atria Investments Inc Has $274,000 Stock Holdings in CarGurus, Inc. (NASDAQ:CARG)

Atria Investments Inc trimmed its holdings in shares of CarGurus, Inc. (NASDAQ:CARG) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,507 shares of the company’s stock after selling 719 shares during the period. Atria Investments Inc’s holdings in CarGurus were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CARG. Louisiana State Employees Retirement System grew its stake in CarGurus by 0.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 42,500 shares of the company’s stock valued at $1,553,000 after acquiring an additional 300 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of CarGurus by 82.7% during the fourth quarter. Principal Securities Inc. now owns 937 shares of the company’s stock worth $34,000 after purchasing an additional 424 shares during the period. Fifth Third Bancorp grew its position in CarGurus by 100.0% during the fourth quarter. Fifth Third Bancorp now owns 912 shares of the company’s stock valued at $33,000 after purchasing an additional 456 shares in the last quarter. QRG Capital Management Inc. increased its stake in CarGurus by 6.6% in the 4th quarter. QRG Capital Management Inc. now owns 7,687 shares of the company’s stock valued at $281,000 after buying an additional 475 shares during the period. Finally, Point72 DIFC Ltd lifted its position in CarGurus by 15.2% in the 3rd quarter. Point72 DIFC Ltd now owns 3,823 shares of the company’s stock worth $115,000 after buying an additional 504 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

CarGurus Stock Performance

Shares of CARG stock opened at $31.13 on Tuesday. The stock’s 50 day simple moving average is $36.23 and its 200 day simple moving average is $34.20. CarGurus, Inc. has a twelve month low of $21.18 and a twelve month high of $41.33. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 172.95, a PEG ratio of 1.72 and a beta of 1.52.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.06). CarGurus had a net margin of 2.34% and a return on equity of 27.14%. The company had revenue of $228.54 million for the quarter, compared to analyst estimates of $231.72 million. On average, analysts forecast that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Insider Buying and Selling

In other CarGurus news, CMO Dafna Sarnoff sold 10,570 shares of the firm’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 $378,194.60. Following the sale, the chief marketing officer now owns 95,261 shares of the company’s stock, valued at $3,408,438.58. This trade represents a 9.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Matthew Todd Quinn sold 4,678 shares of CarGurus 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 $167,378.84. Following the completion of the transaction, the chief technology officer now directly owns 195,795 shares in the company, valued at approximately $7,005,545.10. This represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,888 shares of company stock worth $1,921,588 in the last quarter. 17.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JMP Securities restated a “market outperform” rating and set a $46.00 price target on shares of CarGurus in a report on Monday, December 16th. Needham & Company LLC restated a “buy” rating and issued a $45.00 target price on shares of CarGurus in a research note on Friday, February 21st. Oppenheimer cut their price target on CarGurus from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. boosted their price target on CarGurus from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. One investment 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $39.55.

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.