Insider Selling: CarGurus Inc (CARG) Director Sells 60,000 Shares of Stock

CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 60,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $39.44, for a total transaction of $2,366,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Anastasios Parafestas also recently made the following trade(s):

  • On Wednesday, March 13th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The shares were sold at an average price of $39.76, for a total transaction of $2,385,600.00.
  • On Monday, March 11th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The shares were sold at an average price of $39.34, for a total transaction of $2,360,400.00.
  • On Tuesday, March 5th, Anastasios Parafestas sold 33,700 shares of CarGurus stock. The stock was sold at an average price of $39.79, for a total transaction of $1,340,923.00.
  • On Wednesday, February 27th, Anastasios Parafestas sold 140,848 shares of CarGurus stock. The stock was sold at an average price of $42.29, for a total transaction of $5,956,461.92.
  • On Thursday, February 21st, Anastasios Parafestas sold 64,140 shares of CarGurus stock. The stock was sold at an average price of $40.57, for a total transaction of $2,602,159.80.
  • On Tuesday, February 19th, Anastasios Parafestas sold 24,039 shares of CarGurus stock. The stock was sold at an average price of $40.05, for a total transaction of $962,761.95.
  • On Thursday, February 14th, Anastasios Parafestas sold 44,000 shares of CarGurus stock. The stock was sold at an average price of $40.42, for a total transaction of $1,778,480.00.
  • On Tuesday, February 12th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The stock was sold at an average price of $39.84, for a total transaction of $2,390,400.00.

Shares of CarGurus stock traded down $0.57 during trading on Friday, hitting $38.52. 1,172,404 shares of the stock were exchanged, compared to its average volume of 685,982. CarGurus Inc has a 12-month low of $29.18 and a 12-month high of $57.25. The stock has a market cap of $4.38 billion, a P/E ratio of 67.58, a price-to-earnings-growth ratio of 37.65 and a beta of 1.97.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. NumerixS Investment Technologies Inc purchased a new stake in CarGurus during the fourth quarter worth about $30,000. Quantamental Technologies LLC purchased a new stake in shares of CarGurus in the fourth quarter valued at about $78,000. CIBC Asset Management Inc purchased a new stake in shares of CarGurus in the third quarter valued at about $209,000. LPL Financial LLC purchased a new stake in shares of CarGurus in the third quarter valued at about $234,000. Finally, United Services Automobile Association purchased a new stake in shares of CarGurus in the third quarter valued at about $240,000. Institutional investors own 72.07% of the company’s stock.

A number of research firms recently weighed in on CARG. Citigroup increased their price objective on shares of CarGurus from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. BidaskClub raised shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Thursday, January 31st. Oppenheimer began coverage on shares of CarGurus in a research report on Tuesday, January 8th. They set a “buy” rating and a $42.00 price objective for the company. SunTrust Banks began coverage on shares of CarGurus in a research report on Monday, November 19th. They issued a “buy” rating and a $49.00 price target for the company. Finally, Zacks Investment Research cut shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. CarGurus presently has an average rating of “Buy” and an average target price of $49.40.

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About CarGurus

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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Insider Buying and Selling by Quarter for CarGurus (NASDAQ:CARG)

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