Natixis Advisors LLC Has $698,000 Stock Holdings in CarGurus, Inc. (NASDAQ:CARG)

Natixis Advisors LLC boosted its position in CarGurus, Inc. (NASDAQ:CARG) by 46.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 23,248 shares of the company’s stock after buying an additional 7,393 shares during the quarter. Natixis Advisors LLC’s holdings in CarGurus were worth $698,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CARG. Signaturefd LLC boosted its stake in CarGurus by 81.3% in the third quarter. Signaturefd LLC now owns 959 shares of the company’s stock valued at $29,000 after acquiring an additional 430 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in CarGurus in the third quarter valued at about $30,000. CWM LLC increased its holdings in CarGurus by 54.1% in the second quarter. CWM LLC now owns 1,381 shares of the company’s stock valued at $36,000 after purchasing an additional 485 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in CarGurus by 43.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,579 shares of the company’s stock worth $41,000 after buying an additional 479 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in CarGurus by 25.9% during the second quarter. GAMMA Investing LLC now owns 2,066 shares of the company’s stock worth $54,000 after buying an additional 425 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CarGurus

In related news, CEO Jason Trevisan sold 10,000 shares of CarGurus stock in a transaction on Monday, November 18th. The stock was sold at an average price of $35.41, for a total transaction of $354,100.00. Following the transaction, the chief executive officer now directly owns 779,606 shares in the company, valued at approximately $27,605,848.46. The trade was a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Samuel Zales sold 25,168 shares of CarGurus stock in a transaction dated 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 $15,671,433.03. This trade represents a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,065 shares of company stock valued at $2,356,336. 17.20% of the stock is currently owned by company insiders.

CarGurus Price Performance

CARG opened at $37.64 on Thursday. The firm has a market capitalization of $3.90 billion, a P/E ratio of -79.26, a price-to-earnings-growth ratio of 1.89 and a beta of 1.55. The company has a fifty day moving average price of $32.13 and a 200-day moving average price of $28.05. CarGurus, Inc. has a one year low of $21.02 and a one year high of $37.94.

Wall Street Analyst Weigh In

CARG has been the subject of several research analyst reports. Jefferies Financial Group boosted their price target on shares of CarGurus from $35.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. DA Davidson boosted their target price on CarGurus from $26.50 to $38.50 and gave the company a “neutral” rating in a research note on Friday, November 8th. Needham & Company LLC raised their price target on CarGurus from $27.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Royal Bank of Canada boosted their price objective on CarGurus from $30.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Oppenheimer raised their target price on shares of CarGurus from $32.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.86.

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.