105,411 Shares in CarGurus, Inc. (NASDAQ:CARG) Acquired by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC purchased a new position in shares of CarGurus, Inc. (NASDAQ:CARG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 105,411 shares of the company’s stock, valued at approximately $3,852,000. Moody Aldrich Partners LLC owned 0.10% of CarGurus as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of CarGurus by 19.0% during the third quarter. GAMMA Investing LLC now owns 2,459 shares of the company’s stock worth $74,000 after purchasing an additional 393 shares during the period. Signaturefd LLC raised its position in CarGurus by 81.3% during the third quarter. Signaturefd LLC now owns 959 shares of the company’s stock valued at $29,000 after acquiring an additional 430 shares in the last quarter. Fifth Third Bancorp raised its position in CarGurus by 100.0% during 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 in the last quarter. Point72 DIFC Ltd raised its position in CarGurus by 15.2% during the third quarter. Point72 DIFC Ltd now owns 3,823 shares of the company’s stock valued at $115,000 after acquiring an additional 504 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its position in CarGurus by 5.3% during the third quarter. Central Pacific Bank Trust Division now owns 10,410 shares of the company’s stock valued at $313,000 after acquiring an additional 520 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CarGurus news, CEO Zachary Emerson Hallowell sold 2,203 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $38.12, for a total transaction of $83,978.36. Following the transaction, the chief executive officer now owns 115,983 shares in the company, valued at $4,421,271.96. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Matthew Todd Quinn sold 4,678 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $35.78, for a total value of $167,378.84. Following the completion of the transaction, the chief technology officer now owns 195,795 shares in the company, valued at $7,005,545.10. The trade was a 2.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 74,556 shares of company stock valued at $2,682,940 in the last quarter. 17.20% of the stock is currently owned by insiders.

CarGurus Price Performance

Shares of CARG stock opened at $40.45 on Wednesday. The stock has a market cap of $4.20 billion, a PE ratio of -87.93, a price-to-earnings-growth ratio of 1.70 and a beta of 1.58. The stock has a 50-day moving average of $37.24 and a 200-day moving average of $32.04. CarGurus, Inc. has a one year low of $21.18 and a one year high of $40.70.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CARG shares. B. Riley raised their price objective on shares of CarGurus from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, November 11th. JMP Securities reaffirmed a “market outperform” rating and set a $46.00 price objective on shares of CarGurus in a research report on Monday, December 16th. Jefferies Financial Group raised their price objective on shares of CarGurus from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price target on shares of CarGurus from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, Oppenheimer boosted their target price on shares of CarGurus from $32.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.41.

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.