CarGurus Inc (NASDAQ:CARG) Director Ian G. Smith sold 6,650 shares of the stock in a transaction that occurred on Wednesday, July 25th. The stock was sold at an average price of $38.93, for a total value of $258,884.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of CarGurus opened at $51.87 on Friday, MarketBeat.com reports. The company has a market capitalization of $5.90 billion and a PE ratio of 546.40. CarGurus Inc has a 52 week low of $25.85 and a 52 week high of $56.17.
CarGurus (NASDAQ:CARG) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $110.33 million during the quarter, compared to the consensus estimate of $103.84 million. CarGurus had a return on equity of 12.60% and a net margin of 10.34%. equities research analysts predict that CarGurus Inc will post 0.1 EPS for the current year.
Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC purchased a new stake in shares of CarGurus during the fourth quarter valued at approximately $5,533,000. Franklin Resources Inc. purchased a new stake in shares of CarGurus during the fourth quarter valued at approximately $726,000. Two Sigma Investments LP purchased a new stake in shares of CarGurus during the fourth quarter valued at approximately $1,024,000. Macquarie Group Ltd. purchased a new stake in shares of CarGurus during the fourth quarter valued at approximately $1,137,000. Finally, Wells Fargo & Company MN purchased a new stake in shares of CarGurus during the first quarter valued at approximately $2,629,000. 48.27% of the stock is owned by hedge funds and other institutional investors.
CarGurus Company Profile
CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars worldwide. The company's marketplace enables users with third-party validation on pricing, dealer reputation, and other information. As of June 30, 2017, it had an active dealer network of approximately 40,000 dealers; and approximately 5.4 million car listings.
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