7,002 Shares in CarGurus Inc (CARG) Purchased by Quantitative Systematic Strategies LLC
Quantitative Systematic Strategies LLC acquired a new stake in shares of CarGurus Inc (NASDAQ:CARG) during the fourth quarter, according to its most recent filing with the SEC. The fund 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 during the 4th quarter valued at $318,223,000. Institutional investors and hedge funds own 22.95% of the company’s stock.
Shares of CarGurus Inc (NASDAQ CARG) opened at $29.40 on Friday. CarGurus Inc has a one year low of $25.85 and a one year high of $36.81.
A number of analysts recently issued reports on the company. BidaskClub upgraded CarGurus from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Zacks Investment Research lowered CarGurus from a “buy” rating to a “hold” rating in a research note on Monday, January 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $34.00 price objective (up from $33.00) on shares of CarGurus in a research note on Wednesday, November 15th. William Blair assumed coverage on CarGurus in a research note on Monday, November 6th. They set an “outperform” rating on the stock. Finally, Raymond James Financial assumed coverage on CarGurus in a research note on Monday, November 6th. They set a “market perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. CarGurus currently has a consensus rating of “Hold” and a consensus price target of $31.00.
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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