CarGurus, Inc. (NASDAQ:CARG) Shares Bought by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC lifted its stake in shares of CarGurus, Inc. (NASDAQ:CARG - Free Report) by 33.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 140,751 shares of the company's stock after buying an additional 35,340 shares during the quarter. Moody Aldrich Partners LLC owned 0.13% of CarGurus worth $4,100,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings 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 valued at $353,959,000 after buying an additional 225,430 shares during the period. Wellington Management Group LLP raised its holdings in shares of CarGurus by 12.7% during the 4th quarter. Wellington Management Group LLP now owns 7,145,350 shares of the company's stock valued at $261,091,000 after buying an additional 802,602 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of CarGurus by 168.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,524,478 shares of the company's stock valued at $55,704,000 after buying an additional 957,035 shares during the period. Prevatt Capital Ltd grew its stake in CarGurus by 9.8% during the 4th quarter. Prevatt Capital Ltd now owns 1,350,000 shares of the company's stock valued at $49,329,000 after purchasing an additional 120,000 shares in the last quarter. Finally, 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 purchasing an additional 30,593 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

CarGurus Stock Down 0.2%

Shares of CARG traded down $0.08 during mid-day trading on Monday, hitting $33.63. The stock had a trading volume of 24,730 shares, compared to its average volume of 866,307. CarGurus, Inc. has a fifty-two week low of $21.65 and a fifty-two week high of $41.33. The company has a market cap of $3.51 billion, a PE ratio of 96.31, a PEG ratio of 1.65 and a beta of 1.44. The company's fifty day simple moving average is $31.52 and its two-hundred day simple moving average is $32.80.

CarGurus (NASDAQ:CARG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.04. CarGurus had a return on equity of 32.54% and a net margin of 4.28%. The business had revenue of $225.16 million during the quarter, compared to analyst estimates of $226.72 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. Equities analysts expect that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Insider Buying and Selling at CarGurus

In other CarGurus news, General Counsel Javier Esquivel Zamora sold 12,265 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $31.37, for a total transaction of $384,753.05. Following the completion of the transaction, the general counsel owned 102,723 shares in the company, valued at approximately $3,222,420.51. The trade was a 10.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Dafna Sarnoff sold 4,168 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $33.09, for a total value of $137,919.12. Following the transaction, the chief marketing officer owned 115,183 shares of the company's stock, valued at $3,811,405.47. This trade represents a 3.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,661 shares of company stock worth $1,557,243. 17.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered CarGurus from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $42.00 to $34.00 in a research note on Thursday, March 27th. Needham & Company LLC lowered their price objective on CarGurus from $45.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Citizens Jmp lowered CarGurus from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 2nd. Citigroup lowered their price objective on CarGurus from $40.00 to $37.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $42.00 target price on shares of CarGurus in a research report on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, CarGurus has a consensus rating of "Moderate Buy" and a consensus price target of $37.86.

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.