Prudent Man Advisors LLC Cuts Holdings in CarGurus, Inc. (NASDAQ:CARG)

Prudent Man Advisors LLC decreased its stake in shares of CarGurus, Inc. (NASDAQ:CARG) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,206 shares of the company’s stock after selling 639 shares during the quarter. Prudent Man Advisors LLC’s holdings in CarGurus were worth $227,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Loomis Sayles & Co. L P purchased a new position in shares of CarGurus in the 3rd quarter valued at about $21,052,000. State Street Corp increased its holdings in shares of CarGurus by 4.8% in the 3rd quarter. State Street Corp now owns 3,298,894 shares of the company’s stock valued at $99,066,000 after acquiring an additional 151,862 shares during the last quarter. Barclays PLC increased its holdings in shares of CarGurus by 252.2% in the 3rd quarter. Barclays PLC now owns 169,461 shares of the company’s stock valued at $5,089,000 after acquiring an additional 121,341 shares during the last quarter. Moody Aldrich Partners LLC purchased a new position in shares of CarGurus in the 4th quarter valued at about $3,852,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of CarGurus by 9.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,043,217 shares of the company’s stock valued at $31,328,000 after acquiring an additional 89,815 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

CarGurus Trading Up 4.7 %

CarGurus stock opened at $32.19 on Friday. CarGurus, Inc. has a twelve month low of $21.18 and a twelve month high of $41.33. The stock has a 50 day moving average of $37.25 and a two-hundred day moving average of $33.91. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 178.84, a PEG ratio of 1.72 and a beta of 1.59.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.06). The company had revenue of $228.54 million for the quarter, compared to analyst estimates of $231.72 million. CarGurus had a return on equity of 27.14% and a net margin of 2.34%. Equities analysts predict that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Wall Street Analyst Weigh In

CARG has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of CarGurus in a report on Friday, February 21st. Oppenheimer dropped their price target on CarGurus from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Citigroup upgraded CarGurus from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. DA Davidson raised their price target on CarGurus from $26.50 to $38.50 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, B. Riley raised their price target on CarGurus from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Two 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 company’s stock. According to MarketBeat.com, CarGurus currently has a consensus rating of “Moderate Buy” and an average price target of $38.41.

Insider Activity at CarGurus

In related news, COO Samuel Zales sold 20,000 shares of CarGurus stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $38.36, for a total value of $767,200.00. Following the sale, the chief operating officer now directly owns 400,025 shares in the company, valued at $15,344,959. The trade was a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Zachary Emerson Hallowell sold 4,580 shares of the business’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 $163,872.40. Following the sale, the chief executive officer now owns 120,051 shares in the company, valued at approximately $4,295,424.78. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 59,388 shares of company stock worth $2,204,338 over the last three months. 17.20% of the stock is currently owned by corporate insiders.

CarGurus Company 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.