Blue Trust Inc. Has $61,000 Stock Position in CarGurus, Inc. (NASDAQ:CARG)

Blue Trust Inc. lowered its stake in CarGurus, Inc. (NASDAQ:CARG) by 84.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,665 shares of the company’s stock after selling 9,216 shares during the period. Blue Trust Inc.’s holdings in CarGurus were worth $61,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Point72 Hong Kong Ltd bought a new position in CarGurus in the 3rd quarter valued at about $28,000. Signaturefd LLC boosted its position in shares of CarGurus by 81.3% during the 3rd quarter. Signaturefd LLC now owns 959 shares of the company’s stock worth $29,000 after acquiring an additional 430 shares in the last quarter. Fifth Third Bancorp increased its stake in 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 acquiring an additional 456 shares during the last quarter. USA Financial Formulas bought a new position in CarGurus in the fourth quarter valued at approximately $35,000. Finally, Quarry LP raised its position in CarGurus by 155.8% during the third quarter. Quarry LP now owns 1,499 shares of the company’s stock valued at $45,000 after purchasing an additional 913 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Buying and Selling at CarGurus

In related news, COO Samuel Zales sold 20,000 shares of CarGurus stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $38.36, for a total transaction of $767,200.00. Following the completion of the transaction, the chief operating officer now owns 400,025 shares of the company’s stock, valued at $15,344,959. This trade represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Zachary Emerson Hallowell sold 4,580 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $35.78, for a total transaction of $163,872.40. Following the completion of the transaction, the chief executive officer now owns 120,051 shares in the company, valued at approximately $4,295,424.78. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,388 shares of company stock worth $2,204,338. Insiders own 17.20% of the company’s stock.

CarGurus Price Performance

NASDAQ:CARG opened at $30.92 on Tuesday. CarGurus, Inc. has a one year low of $21.18 and a one year high of $41.33. The firm’s 50 day simple moving average is $37.65 and its 200 day simple moving average is $33.89. The company has a market cap of $3.21 billion, a PE ratio of 171.79, a P/E/G ratio of 1.72 and a beta of 1.59.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.06). The business had revenue of $228.54 million during the quarter, compared to the consensus estimate of $231.72 million. CarGurus had a return on equity of 27.14% and a net margin of 2.34%. Equities research analysts expect that CarGurus, Inc. will post 1.41 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CARG shares. JMP Securities reaffirmed a “market outperform” rating and issued a $46.00 target price on shares of CarGurus in a report on Monday, December 16th. Royal Bank of Canada raised their price objective on CarGurus from $30.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on CarGurus from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday. DA Davidson increased their target price on shares of CarGurus from $26.50 to $38.50 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Oppenheimer decreased their price target on shares of CarGurus from $44.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, 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.