Leuthold Group LLC Buys Shares of 156,736 CarGurus, Inc. (NASDAQ:CARG)

Leuthold Group LLC acquired a new position in shares of CarGurus, Inc. (NASDAQ:CARG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 156,736 shares of the company's stock, valued at approximately $3,787,000. Leuthold Group LLC owned 0.14% of CarGurus as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. M&T Bank Corp grew its holdings in shares of CarGurus by 0.8% in the third quarter. M&T Bank Corp now owns 104,052 shares of the company's stock worth $1,823,000 after purchasing an additional 850 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of CarGurus in the fourth quarter worth about $32,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of CarGurus by 10.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,079 shares of the company's stock worth $437,000 after purchasing an additional 1,653 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of CarGurus in the third quarter worth about $30,000. Finally, Acadian Asset Management LLC bought a new position in shares of CarGurus in the third quarter worth about $32,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CarGurus

In related news, CMO Dafna Sarnoff sold 10,573 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $22.56, for a total value of $238,526.88. Following the completion of the transaction, the chief marketing officer now directly owns 168,099 shares of the company's stock, valued at approximately $3,792,313.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CarGurus news, insider Andrea Lee Eldridge sold 22,358 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $22.13, for a total transaction of $494,782.54. Following the completion of the transaction, the insider now directly owns 117,432 shares of the company's stock, valued at approximately $2,598,770.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Dafna Sarnoff sold 10,573 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $22.56, for a total transaction of $238,526.88. Following the transaction, the chief marketing officer now directly owns 168,099 shares of the company's stock, valued at $3,792,313.44. The disclosure for this sale can be found here. Insiders sold 113,793 shares of company stock valued at $2,523,342 in the last three months. 15.70% of the stock is owned by insiders.

CarGurus Price Performance

Shares of CARG stock traded down $0.39 during mid-day trading on Tuesday, hitting $22.61. 701,235 shares of the stock traded hands, compared to its average volume of 959,142. The stock has a market cap of $2.43 billion, a P/E ratio of 128.00, a P/E/G ratio of 1.38 and a beta of 1.57. The stock's fifty day moving average is $22.78 and its two-hundred day moving average is $22.25. CarGurus, Inc. has a 52-week low of $16.02 and a 52-week high of $24.64.

CarGurus (NASDAQ:CARG - Get Free Report) last released its quarterly earnings results on Monday, February 26th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $223.12 million during the quarter, compared to analyst estimates of $220.05 million. CarGurus had a net margin of 3.40% and a return on equity of 7.74%. The company's quarterly revenue was down 22.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share. As a group, equities analysts forecast that CarGurus, Inc. will post 0.94 EPS for the current fiscal year.

Analysts Set New Price Targets

CARG has been the topic of several recent research reports. UBS Group increased their target price on shares of CarGurus from $26.00 to $27.00 and gave the stock a "neutral" rating in a report on Friday, March 15th. JMP Securities reiterated a "market perform" rating on shares of CarGurus in a report on Wednesday, April 17th. Oppenheimer increased their target price on shares of CarGurus from $26.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 27th. Finally, Needham & Company LLC increased their target price on shares of CarGurus from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, February 27th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $24.90.

CarGurus 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.