Two Sigma Investments LP purchased a new position in CarGurus Inc (NASDAQ:CARG) during the 4th quarter, Holdings Channel reports. The fund purchased 34,172 shares of the company’s stock, valued at approximately $1,024,000.
Other large investors have also added to or reduced their stakes in the company. Bollard Group LLC acquired a new stake in CarGurus during the fourth quarter valued at approximately $318,223,000. Spinnaker Capital LLC acquired a new stake in CarGurus during the fourth quarter valued at approximately $410,972,000. Driehaus Capital Management LLC acquired a new stake in CarGurus during the fourth quarter valued at approximately $1,733,000. Quantitative Systematic Strategies LLC acquired a new stake in CarGurus during the fourth quarter valued at approximately $210,000. Finally, Citadel Advisors LLC acquired a new stake in CarGurus during the fourth quarter valued at approximately $1,294,000. Institutional investors and hedge funds own 57.41% of the company’s stock.
Shares of CarGurus stock opened at $38.00 on Monday. CarGurus Inc has a twelve month low of $25.85 and a twelve month high of $40.60.
CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Thursday, March 1st. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $87.71 million for the quarter, compared to analyst estimates of $86.22 million. The firm’s revenue for the quarter was up 197.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. research analysts anticipate that CarGurus Inc will post 0.1 earnings per share for the current year.
Several brokerages have issued reports on CARG. DA Davidson began coverage on CarGurus in a research note on Wednesday, April 4th. They set a “neutral” rating and a $41.00 price objective on the stock. BidaskClub cut CarGurus from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Zacks Investment Research upgraded CarGurus from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Monday, January 8th. Finally, Benchmark began coverage on CarGurus in a research note on Thursday, March 22nd. They set a “buy” rating and a $42.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $35.20.
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CarGurus Company Profile
CarGurus, Inc is an online automotive marketplace connecting buyers and sellers of new and used cars. Using proprietary technology, search algorithms, and data analytics. The Company’s marketplace empowers users with unbiased third-party validation on pricing and dealer reputation as well as other information that aids them in finding Great Deals from Great Dealers.
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