Top CarGurus, Inc. (CARG) Shareholders For September

CarGurus, Inc. (NASDAQ:CARG) went up to recover about 24.26% since recording its record low price of $28.52. The stock experienced 3.84% jump, arriving at $35.44 on 01/08/2019. During the day, the stock price traveled from $33.77 to $35.68. This company shares are 40.15% off its target price of $49.67 and the current market capitalization stands at $3.87B. The recent change has given its price a -5.95% deficit over SMA 50 and -38.1% deficit over its 52-week high. The stock witnessed -5.27% declines, -28.29% declines and -2.93% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CARG’s volatility during a week at 4.48% and during a month it has been found around 5.59%.

CarGurus, Inc. (CARG) Top Holders

Institutional investors currently hold around $2.59 billion or 85.2% in CARG stock. Look at its top three institutional owners. Fmr Llc owns $376.2 million in CarGurus, Inc., which represents roughly 9.72% of the company’s market cap and approximately 14.52% of the institutional ownership. Similar statistics are true for the second largest owner, Price T Rowe Associates Inc /Md/, which owns 9,845,831 shares of the stock are valued at $336.04 million. The third largest holder is Spinnaker Capital Llc, which currently holds $310.3 million worth of this stock and that ownership represents nearly 8.02% of its market capitalization.

CarGurus, Inc. 13F Filings

At the end of September reporting period, 109 institutional holders increased their position in CarGurus, Inc. (NASDAQ:CARG) by some 14,191,136 shares, 42 decreased positions by 7,583,239 and 10 held positions by 54,151,519. That puts total institutional holdings at 75,925,894 shares, according to SEC filings. The stock grabbed 62 new institutional investments totaling 7,444,083 shares while 14 institutional investors sold out their entire positions totaling 1,260,958 shares.

CarGurus, Inc. (NASDAQ:CARG) Insider Trades

Multiple company employees have indulged in significant insider trading. CarGurus, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO, President and Chairman, 10% Owner Steinert Langley has sold 117,406 shares of CarGurus, Inc. (CARG) in trading session dated Jan. 07, 2019. These shares are worth $3,934,275 and were traded at $33.51 each. The SEC filing shows that Steinert Langley performed a sale of 117,406 shares. The CEO, President and Chairman, 10% Owner disposed these shares by way of transaction on Jan. 03, 2019. The company’s shares were given away at $32.65 per share worth to an income of some $3,833,306 on account of Steinert Langley.

Chief Technology Officer, Chrzan Oliver Ian, sold 20,000 common shares of CarGurus, Inc. (CARG) in the open market. In a transaction dated Jan. 02, 2019, the shares were put up for sale at an average price of $32.96, raking in a sum of $659,200. After this sale, 1,982,059 common shares of CARG are directly owned by the insider, with total stake valued at $70,244,171.

In the transaction dated Dec. 26, 2018, the great number of shares disposed came courtesy the Chief Technology Officer; Chrzan Oliver Ian disposed a total of 20,000 shares at an average price of $32.21, amounting to approximately $644,200. The insider now directly owns 1,852,906 shares worth $65,666,989.

CarGurus, Inc. (CARG) Analyst Guide

Several analysts have released their opinion on CarGurus, Inc. (NASDAQ:CARG), with 4 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 3 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation.