Dimensional Fund Advisors LP Has $73.13 Million Stake in CarGurus, Inc. (NASDAQ:CARG)

Dimensional Fund Advisors LP decreased its stake in CarGurus, Inc. (NASDAQ:CARG - Free Report) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,001,191 shares of the company's stock after selling 77,578 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.93% of CarGurus worth $73,126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of CarGurus by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 9,686,886 shares of the company's stock worth $353,959,000 after purchasing an additional 225,430 shares during the period. Wellington Management Group LLP increased its stake in CarGurus by 12.7% during the 4th quarter. Wellington Management Group LLP now owns 7,145,350 shares of the company's stock worth $261,091,000 after buying an additional 802,602 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in CarGurus by 168.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,524,478 shares of the company's stock valued at $55,704,000 after purchasing an additional 957,035 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in CarGurus by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,073,810 shares of the company's stock valued at $39,237,000 after acquiring an additional 30,593 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its position in shares of CarGurus by 35.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 946,974 shares of the company's stock valued at $34,603,000 after purchasing an additional 245,919 shares in the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

CarGurus Price Performance

CARG traded up $0.29 on Friday, reaching $28.19. The company's stock had a trading volume of 843,098 shares, compared to its average volume of 862,005. CarGurus, Inc. has a 1 year low of $21.65 and a 1 year high of $41.33. The business's 50 day moving average is $29.03 and its 200 day moving average is $33.84. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 156.62, a price-to-earnings-growth ratio of 1.72 and a beta of 1.45.

CarGurus (NASDAQ:CARG - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.06). The company had revenue of $228.54 million during the quarter, compared to the consensus estimate of $231.72 million. CarGurus had a net margin of 2.34% and a return on equity of 27.14%. As a group, research analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Oppenheimer lowered their target price on shares of CarGurus from $44.00 to $42.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 price objective on shares of CarGurus in a research report on Friday, February 21st. JMP Securities reduced their price target on shares of CarGurus from $43.00 to $38.00 and set a "market outperform" rating for the company in a research report on Wednesday, April 9th. UBS Group cut their target price on shares of CarGurus from $36.00 to $29.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. cut CarGurus from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $42.00 to $34.00 in a research report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, CarGurus has a consensus rating of "Moderate Buy" and a consensus price target of $37.14.

Insider Buying and Selling at CarGurus

In related news, COO Samuel Zales sold 20,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $38.36, for a total value of $767,200.00. Following the completion of the sale, the chief operating officer now directly owns 400,025 shares in the company, valued at approximately $15,344,959. This represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Zachary Emerson Hallowell sold 1,824 shares of the company's stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $26.73, for a total transaction of $48,755.52. Following the sale, the chief executive officer now owns 129,790 shares of the company's stock, valued at $3,469,286.70. This trade represents a 1.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,824 shares of company stock valued at $1,392,156 in the last three months. 17.20% of the stock is currently owned by company insiders.

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.