Leuthold Group LLC Has $4.72 Million Holdings in CarGurus, Inc. (NASDAQ:CARG)

by · The Markets Daily

Leuthold Group LLC decreased its stake in shares of CarGurus, Inc. (NASDAQ:CARG – Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 157,194 shares of the company’s stock after selling 5,597 shares during the quarter. Leuthold Group LLC owned about 0.15% of CarGurus worth $4,721,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of CARG. Signaturefd LLC boosted its stake in CarGurus by 81.3% during the third 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. Kathleen S. Wright Associates Inc. bought a new position in shares of CarGurus during the 3rd quarter worth about $30,000. CWM LLC boosted its position in shares of CarGurus by 54.1% during the 2nd quarter. CWM LLC now owns 1,381 shares of the company’s stock worth $36,000 after purchasing an additional 485 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of 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 buying an additional 479 shares during the period. Finally, Headlands Technologies LLC bought a new stake in CarGurus in the 1st quarter valued at about $49,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CARG shares. JMP Securities reiterated a “market outperform” rating and issued a $32.00 price target on shares of CarGurus in a report on Monday, September 9th. DA Davidson reiterated a “neutral” rating and issued a $26.50 target price on shares of CarGurus in a report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price target on shares of CarGurus from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. Oppenheimer upped their price objective on shares of CarGurus from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.59.

Get Our Latest Research Report on CarGurus

Insider Buying and Selling at CarGurus

In related news, CMO Dafna Sarnoff sold 3,107 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $28.42, for a total transaction of $88,300.94. Following the completion of the sale, the chief marketing officer now owns 128,952 shares in the company, valued at approximately $3,664,815.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other CarGurus news, COO Samuel Zales sold 25,168 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $31.62, for a total value of $795,812.16. Following the sale, the chief operating officer now directly owns 449,821 shares in the company, valued at $14,223,340.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Dafna Sarnoff sold 3,107 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $28.42, for a total value of $88,300.94. Following the transaction, the chief marketing officer now owns 128,952 shares of the company’s stock, valued at $3,664,815.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,065 shares of company stock worth $1,823,794 in the last quarter. 17.20% of the stock is currently owned by company insiders.

CarGurus Stock Performance

CarGurus stock opened at $31.53 on Monday. CarGurus, Inc. has a fifty-two week low of $16.70 and a fifty-two week high of $32.36. The firm’s 50-day simple moving average is $29.54 and its 200 day simple moving average is $26.25. The stock has a market cap of $3.29 billion, a PE ratio of 112.61, a price-to-earnings-growth ratio of 1.48 and a beta of 1.56.

CarGurus (NASDAQ:CARG – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. The firm had revenue of $218.69 million for the quarter, compared to the consensus estimate of $214.85 million. CarGurus had a positive return on equity of 11.06% and a negative net margin of 5.57%. As a group, analysts predict that CarGurus, Inc. will post 1.18 EPS for the current fiscal year.

CarGurus Company Profile

(Free Report)

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.

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