Peddock Capital Advisors LLC lessened its position in CarGurus Inc (NASDAQ:CARG) by 50.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the company’s stock after selling 10,000 shares during the period. Peddock Capital Advisors LLC’s holdings in CarGurus were worth $310,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of CarGurus by 10.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 80,691 shares of the company’s stock valued at $3,233,000 after acquiring an additional 7,542 shares in the last quarter. Marshall Wace LLP raised its stake in CarGurus by 2,107.8% in the first quarter. Marshall Wace LLP now owns 155,958 shares of the company’s stock worth $6,248,000 after buying an additional 148,894 shares in the last quarter. Clearbridge Investments LLC raised its stake in CarGurus by 47.0% in the first quarter. Clearbridge Investments LLC now owns 492,882 shares of the company’s stock worth $19,745,000 after buying an additional 157,619 shares in the last quarter. FMR LLC raised its stake in CarGurus by 0.7% in the first quarter. FMR LLC now owns 10,915,766 shares of the company’s stock worth $437,286,000 after buying an additional 79,685 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in CarGurus by 24.4% in the first quarter. First Trust Advisors LP now owns 92,854 shares of the company’s stock worth $3,720,000 after buying an additional 18,225 shares in the last quarter. 66.25% of the stock is owned by institutional investors and hedge funds.
NASDAQ CARG traded up $0.13 on Wednesday, hitting $31.35. The stock had a trading volume of 32,823 shares, compared to its average volume of 1,116,868. The business’s fifty day moving average price is $31.97 and its 200 day moving average price is $35.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.68 and a quick ratio of 2.68. CarGurus Inc has a 52-week low of $28.65 and a 52-week high of $49.00. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 54.96, a price-to-earnings-growth ratio of 2.88 and a beta of 1.87.
In other CarGurus news, CEO Langley Steinert sold 78,272 shares of CarGurus stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $29.33, for a total value of $2,295,717.76. Also, Director Anastasios Parafestas sold 80,000 shares of CarGurus stock in a transaction on Friday, July 19th. The stock was sold at an average price of $36.05, for a total transaction of $2,884,000.00. The disclosure for this sale can be found here. Insiders sold 1,866,273 shares of company stock worth $62,611,520 over the last ninety days. Corporate insiders own 34.51% of the company’s stock.
A number of brokerages recently commented on CARG. BidaskClub raised shares of CarGurus from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. JMP Securities reduced their price objective on shares of CarGurus to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Consumer Edge began coverage on shares of CarGurus in a research note on Friday, August 2nd. They issued an “overweight” rating for the company. Zacks Investment Research raised shares of CarGurus from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a research note on Friday, August 9th. Finally, Needham & Company LLC began coverage on shares of CarGurus in a research note on Thursday, September 12th. They issued a “hold” rating for the company. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. CarGurus presently has an average rating of “Buy” and an average target price of $48.42.
CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States, Canada, the United Kingdom, Germany, Italy, and Spain. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace.
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