Choreo LLC Decreases Stake in CarGurus, Inc. (NASDAQ:CARG)

Choreo LLC lessened its position in shares of CarGurus, Inc. (NASDAQ:CARG) by 12.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,599 shares of the company’s stock after selling 3,057 shares during the quarter. Choreo LLC’s holdings in CarGurus were worth $763,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of CarGurus by 19.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,459 shares of the company’s stock valued at $74,000 after acquiring an additional 393 shares during the last quarter. Signaturefd LLC raised its stake 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 purchasing an additional 430 shares in the last quarter. Fifth Third Bancorp lifted 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 purchasing an additional 456 shares during the last quarter. Point72 DIFC Ltd grew its stake in shares of CarGurus by 15.2% in the 3rd quarter. Point72 DIFC Ltd now owns 3,823 shares of the company’s stock worth $115,000 after buying an additional 504 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of CarGurus by 5.0% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 12,157 shares of the company’s stock worth $365,000 after buying an additional 584 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Insider Buying and Selling at CarGurus

In other CarGurus news, COO Samuel Zales sold 25,168 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $35.43, for a total value of $891,702.24. Following the completion of the sale, the chief operating officer now directly owns 442,321 shares in the company, valued at approximately $15,671,433.03. This represents a 5.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jason Trevisan sold 10,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $35.41, for a total value of $354,100.00. Following the transaction, the chief executive officer now owns 779,606 shares in the company, valued at approximately $27,605,848.46. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 94,556 shares of company stock valued at $3,450,140 in the last three months. Company insiders own 17.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CARG shares. BTIG Research increased their price target on shares of CarGurus from $30.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group raised their price objective on CarGurus from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Oppenheimer boosted their target price on CarGurus from $32.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. JMP Securities restated a “market outperform” rating and issued a $46.00 price target on shares of CarGurus in a research report on Monday, December 16th. Finally, Needham & Company LLC boosted their price objective on shares of CarGurus from $39.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.41.

CarGurus Trading Up 1.4 %

NASDAQ CARG opened at $39.58 on Monday. The stock has a market cap of $4.10 billion, a PE ratio of -86.04, a PEG ratio of 1.79 and a beta of 1.59. CarGurus, Inc. has a 12 month low of $21.18 and a 12 month high of $41.33. The company’s 50-day moving average price is $37.72 and its 200-day moving average price is $32.80.

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.