Quantitative Systematic Strategies LLC acquired a new stake in shares of CarGurus Inc (NASDAQ:CARG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,002 shares of the company’s stock, valued at approximately $210,000.
Separately, Bollard Group LLC bought a new stake in shares of CarGurus in the fourth quarter worth about $318,223,000. Institutional investors and hedge funds own 23.00% of the company’s stock.
Several research firms have weighed in on CARG. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $34.00 price objective (up from $33.00) on shares of CarGurus in a research report on Wednesday, November 15th. Raymond James Financial started coverage on shares of CarGurus in a report on Monday, November 6th. They set a “market perform” rating for the company. BidaskClub lowered shares of CarGurus from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Zacks Investment Research lowered shares of CarGurus from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, William Blair began coverage on shares of CarGurus in a report on Monday, November 6th. They issued an “outperform” rating for the company. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.00.
Shares of CarGurus Inc (NASDAQ CARG) traded up $0.63 during midday trading on Friday, reaching $32.33. 82,268 shares of the company were exchanged, compared to its average volume of 157,916. CarGurus Inc has a 52 week low of $25.85 and a 52 week high of $36.81.
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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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