Thrivent Financial for Lutherans Reduces Holdings in CarGurus, Inc. (NASDAQ:CARG)

Thrivent Financial for Lutherans lessened its holdings in CarGurus, Inc. (NASDAQ:CARG) by 12.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,280,035 shares of the company’s stock after selling 181,084 shares during the period. Thrivent Financial for Lutherans owned approximately 1.24% of CarGurus worth $38,439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. GAMMA Investing LLC grew its stake in CarGurus by 19.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,459 shares of the company’s stock worth $74,000 after buying an additional 393 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of CarGurus by 2.2% in the 1st quarter. Lazard Asset Management LLC now owns 19,510 shares of the company’s stock valued at $450,000 after buying an additional 420 shares during the period. Signaturefd LLC lifted its holdings in shares of CarGurus by 81.3% in the 3rd quarter. Signaturefd LLC now owns 959 shares of the company’s stock valued at $29,000 after buying an additional 430 shares during the period. Raymond James Trust N.A. raised its holdings in CarGurus by 1.9% during the second quarter. Raymond James Trust N.A. now owns 24,566 shares of the company’s stock worth $644,000 after purchasing an additional 450 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised 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 purchasing an additional 479 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Jefferies Financial Group lifted their price objective on CarGurus from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. B. Riley lifted their price objective on CarGurus from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Oppenheimer lifted their price objective on CarGurus from $32.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Needham & Company LLC lifted their price objective on CarGurus from $27.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, JMP Securities raised their price target on CarGurus from $32.00 to $41.00 and gave the stock a “market outperform” rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.41.

Insiders Place Their Bets

In other CarGurus news, CMO Dafna Sarnoff sold 3,107 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $28.42, for a total value of $88,300.94. Following the sale, the chief marketing officer now owns 128,952 shares in the company, valued at $3,664,815.84. This trade represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Samuel Zales sold 25,168 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $31.62, for a total transaction of $795,812.16. Following the completion of the sale, the chief operating officer now owns 449,821 shares in the company, valued at $14,223,340.02. This represents a 5.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,897 shares of company stock worth $1,110,533 in the last quarter. Corporate insiders own 17.20% of the company’s stock.

CarGurus Price Performance

CarGurus stock opened at $35.40 on Tuesday. The firm has a 50-day moving average of $31.09 and a 200-day moving average of $27.42. The company has a market cap of $3.67 billion, a price-to-earnings ratio of -76.87, a P/E/G ratio of 1.98 and a beta of 1.55. CarGurus, Inc. has a one year low of $20.02 and a one year high of $37.94.

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.