<div id="readability-page-1"><p><span>CarGurus (NASDAQ:CARG - Get Free Report)</span> was upgraded by stock analysts at Wall Street Zen from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research note issued to investors on Saturday.</p><ul><li>3 Cheap Stocks That Shouldn't Be This Low</li></ul><p>A number of other research firms also recently issued reports on CARG. BTIG Research increased their target price on shares of CarGurus from $39.00 to $44.00 and gave the stock a &#34;buy&#34; rating in a research report on Tuesday, December 30th. Citigroup lifted their price objective on shares of CarGurus from $37.00 to $41.00 and gave the stock a &#34;neutral&#34; rating in a report on Tuesday, October 28th. Zacks Research lowered shares of CarGurus from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Thursday, October 16th. JPMorgan Chase &amp; Co. increased their price target on CarGurus from $38.00 to $43.00 and gave the company a &#34;neutral&#34; rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings  reiterated a &#34;hold (c+)&#34; rating on shares of CarGurus in a report on Monday, December 29th. Five analysts have rated the stock with a Buy rating and eight have assigned  a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of &#34;Hold&#34; and an average price target of $40.23.</p><p><b>Read Our Latest Research Report on CarGurus</b></p><h2>CarGurus Stock Up 0.6%</h2><ul><li>CarMax Is Firing on All Pistons as Growth Returns    </li></ul><p>Shares of NASDAQ:CARG opened at $28.61 on Friday. CarGurus has a fifty-two week low of $24.65 and a fifty-two week high of $40.37. The firm's 50-day simple moving average is $35.94 and its 200-day simple moving average is $35.14. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.07 and a beta of 1.35. </p><p>CarGurus (NASDAQ:CARG - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm had revenue of $238.70 million during the quarter, compared to analysts' expectations of $234.57 million. CarGurus had a return on equity of 41.31% and a net margin of 16.41%.CarGurus's revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share.  On average, research analysts forecast that  CarGurus will post 1.41 EPS for the current year. </p><h2>Insider Activity at CarGurus</h2><ul><li>CarGurus Stock is Set for a Rally This Quarter, Above all Peers</li></ul><p>In related news, CEO Jason Trevisan sold 16,548 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $39.02, for a total value of $645,702.96. Following the completion of the transaction, the chief executive officer owned 630,483 shares of the company's stock, valued at $24,601,446.66. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jennifer Ladd Hanson sold 2,358 shares of CarGurus stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $38.10, for a total value of $89,839.80. Following the transaction, the insider directly owned 50,466 shares of the company's stock, valued at approximately $1,922,754.60. The trade was a 4.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 49,003 shares of company stock worth $1,858,494. Company insiders own  16.99% of the company's stock. </p><h2>Institutional Inflows and Outflows</h2><p>Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Congress Asset Management Co. bought a new stake in  CarGurus in the third quarter valued at about $70,856,000.  UBS Group AG increased its position in shares of  CarGurus by 158.2% in the third quarter. UBS Group AG now owns 1,537,856 shares of the company's stock valued at $57,254,000 after acquiring an additional 942,199 shares during the last quarter.  Wellington Management Group LLP grew its stake in shares of  CarGurus by 6.6% in the third quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company's stock valued at $358,773,000 after buying an additional 594,670 shares in the last quarter.  Northwestern Mutual Wealth Management Co. raised its holdings in shares of  CarGurus by 159,137.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 536,629 shares of the company's stock valued at $22,787,000 after purchasing an additional 536,292 shares during the period.  Finally, Prevatt Capital Ltd increased its holdings in shares of  CarGurus by 28.1% during the 3rd quarter. Prevatt Capital Ltd now owns 2,050,000 shares of the company's stock worth $76,322,000 after acquiring an additional 450,000 shares during the last quarter. Institutional investors and hedge funds own  86.90% of the company's stock. </p><h2>About CarGurus</h2> (Get Free Report)<p>CarGurus, Inc operates an online automotive marketplace designed to connect buyers and sellers of new and used vehicles. Through its proprietary search engine and data-driven pricing tools, the platform enables consumers to compare listings, assess fair market values and locate local dealers offering competitive deals. CarGurus also provides detailed vehicle history reports, dealer reviews and financing options to streamline the car-shopping process for both private parties and franchised dealerships.  </p><p>The company's core product offerings include Instant Market Value (IMV), which leverages pricing algorithms to help buyers identify over- or under-priced vehicles, as well as dealer subscription services that grant automotive retailers access to lead generation tools, targeted advertising and dynamic pricing insights.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than CarGurus</li><li>NEW LAW: Congress Approves Setup For Digital Dollar?</li><li>The day the gold market broke</li><li>What a Former CIA Agent Knows About the Coming Collapse</li><li>Your Bank Account Is No Longer Safe</li><li>He just nailed another gold prediction …</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q0FSRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q0FSRw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in CarGurus Right Now?</h2><p>Before you consider CarGurus, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CarGurus wasn't on the list.</p><p>While CarGurus currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CARG

CARZ

<p>Wall Street Zen upgraded CarGurus (NASDAQ:CARG) from a "hold" to a "buy" rating. Other firms like BTIG Research and Citigroup also raised their price targets for the stock. Currently, CarGurus has a consensus rating of "Hold" with an average price target of $40.23. The stock opened at $28.61, with a 52-week range of $24.65 to $40.37. CarGurus reported $0.57 EPS for the last quarter, exceeding estimates, and its revenue increased by 3.2% year-over-year. Insider trading activity has seen some executives selling shares recently.</p>

CarGurus (NASDAQ:CARG) Upgraded by Wall Street Zen to Buy Rating