12,042 Shares in CarGurus, Inc. (NASDAQ:CARG) Bought by Bokf Na

Bokf Na purchased a new stake in CarGurus, Inc. (NASDAQ:CARG) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,042 shares of the company’s stock, valued at approximately $316,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Lazard Asset Management LLC raised its stake in CarGurus by 2.2% during the 1st quarter. Lazard Asset Management LLC now owns 19,510 shares of the company’s stock worth $450,000 after buying an additional 420 shares during the period. GAMMA Investing LLC raised its position in shares of CarGurus by 25.9% during the second quarter. GAMMA Investing LLC now owns 2,066 shares of the company’s stock worth $54,000 after purchasing an additional 425 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of CarGurus by 1.9% in the 2nd quarter. Raymond James Trust N.A. now owns 24,566 shares of the company’s stock worth $644,000 after purchasing an additional 450 shares in the last quarter. Nisa Investment Advisors LLC grew its position in CarGurus by 43.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,579 shares of the company’s stock valued at $41,000 after purchasing an additional 479 shares during the period. Finally, CWM LLC increased its stake in CarGurus by 54.1% during the 2nd quarter. CWM LLC now owns 1,381 shares of the company’s stock valued at $36,000 after purchasing an additional 485 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

CARG has been the subject of a number of analyst reports. B. Riley lifted their price objective on shares of CarGurus from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 9th. DA Davidson reissued a “neutral” rating and set a $26.50 price objective on shares of CarGurus in a report on Tuesday, September 10th. Royal Bank of Canada raised their target price on CarGurus from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Needham & Company LLC upped their price target on CarGurus from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Oppenheimer raised their price objective on CarGurus from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, CarGurus currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.35.

Insider Buying and Selling

In other CarGurus news, COO Samuel Zales sold 25,168 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $26.49, for a total value of $666,700.32. Following the completion of the sale, the chief operating officer now directly owns 488,083 shares of the company’s stock, valued at $12,929,318.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CMO Dafna Sarnoff sold 3,107 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $28.42, for a total value of $88,300.94. Following the completion of the transaction, the chief marketing officer now directly owns 128,952 shares of the company’s stock, valued at approximately $3,664,815.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Samuel Zales sold 25,168 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $26.49, for a total transaction of $666,700.32. Following the sale, the chief operating officer now directly owns 488,083 shares in the company, valued at approximately $12,929,318.67. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,421 shares of company stock valued at $1,567,354. 17.20% of the stock is owned by company insiders.

CarGurus Price Performance

Shares of CarGurus stock opened at $28.99 on Tuesday. The stock has a fifty day moving average price of $26.61 and a 200-day moving average price of $24.71. The firm has a market cap of $3.00 billion, a PE ratio of 103.54, a P/E/G ratio of 1.33 and a beta of 1.56. CarGurus, Inc. has a 1 year low of $16.70 and a 1 year high of $29.40.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.23 by $0.07. The business had revenue of $218.69 million for the quarter, compared to analyst estimates of $214.85 million. CarGurus had a negative net margin of 5.57% and a positive return on equity of 11.06%. As a group, equities analysts anticipate that CarGurus, Inc. will post 1.18 EPS for the current fiscal year.

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.