Fox Run Management L.L.C. Has $839,000 Position in CarGurus, Inc. $CARG

Fox Run Management L.L.C. boosted its holdings in shares of CarGurus, Inc. (NASDAQ:CARG) by 92.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 25,082 shares of the company’s stock after acquiring an additional 12,060 shares during the period. Fox Run Management L.L.C.’s holdings in CarGurus were worth $839,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CARG. Principal Financial Group Inc. boosted its stake in CarGurus by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 482,484 shares of the company’s stock worth $14,055,000 after acquiring an additional 10,787 shares during the last quarter. Intech Investment Management LLC raised its holdings in CarGurus by 50.0% in the first quarter. Intech Investment Management LLC now owns 67,246 shares of the company’s stock worth $1,959,000 after purchasing an additional 22,425 shares during the period. Nordea Investment Management AB boosted its position in shares of CarGurus by 6.7% during the second quarter. Nordea Investment Management AB now owns 336,930 shares of the company’s stock worth $11,247,000 after purchasing an additional 21,167 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of CarGurus by 1.0% during the first quarter. Vanguard Group Inc. now owns 9,780,608 shares of the company’s stock worth $284,909,000 after purchasing an additional 93,722 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of CarGurus in the 1st quarter valued at $468,000. Institutional investors own 86.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on CARG shares. BTIG Research reaffirmed a “buy” rating and set a $39.00 price objective on shares of CarGurus in a research note on Friday, September 5th. Citigroup boosted their target price on CarGurus from $37.00 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Oppenheimer dropped their price target on CarGurus from $42.00 to $40.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. Gordon Haskett assumed coverage on CarGurus in a report on Monday, July 14th. They set a “hold” rating and a $35.00 price objective on the stock. Finally, UBS Group boosted their price objective on CarGurus from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, CarGurus has an average rating of “Hold” and a consensus target price of $40.20.

CarGurus Price Performance

CARG stock opened at $33.34 on Monday. The stock has a market capitalization of $3.31 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.59 and a beta of 1.50. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $41.33. The business has a 50-day moving average of $35.80 and a 200-day moving average of $33.38.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, August 7th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. CarGurus had a return on equity of 41.31% and a net margin of 16.41%.The firm had revenue of $234.03 million for the quarter, compared to analysts’ expectations of $232.29 million. During the same quarter in the previous year, the business posted $0.41 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts expect that CarGurus, Inc. will post 1.41 EPS for the current year.

Insider Activity

In related news, insider Ismail Elshareef sold 1,228 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $34.98, for a total value of $42,955.44. Following the completion of the transaction, the insider owned 95,907 shares of the company’s stock, valued at approximately $3,354,826.86. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Samuel Zales sold 10,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $34.98, for a total transaction of $349,800.00. Following the sale, the chief operating officer directly owned 410,259 shares in the company, valued at $14,350,859.82. This trade represents a 2.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 41,226 shares of company stock worth $1,471,482 over the last ninety days. Insiders own 17.20% of the company’s stock.

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.