Insider Selling: CarGurus Inc (NASDAQ:CARG) Director Sells 99,912 Shares of Stock

CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 99,912 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $38.86, for a total transaction of $3,882,580.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Thursday, April 18th, Anastasios Parafestas sold 40,100 shares of CarGurus stock. The shares were sold at an average price of $36.18, for a total transaction of $1,450,818.00.
  • On Tuesday, April 16th, Anastasios Parafestas sold 41,580 shares of CarGurus stock. The shares were sold at an average price of $40.62, for a total transaction of $1,688,979.60.
  • On Friday, April 12th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The shares were sold at an average price of $40.23, for a total transaction of $2,413,800.00.
  • On Wednesday, April 10th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The shares were sold at an average price of $39.22, for a total transaction of $2,353,200.00.
  • On Monday, April 8th, Anastasios Parafestas sold 66,600 shares of CarGurus stock. The shares were sold at an average price of $41.25, for a total transaction of $2,747,250.00.
  • On Thursday, April 4th, Anastasios Parafestas sold 104,400 shares of CarGurus stock. The stock was sold at an average price of $41.14, for a total transaction of $4,295,016.00.
  • On Tuesday, April 2nd, Anastasios Parafestas sold 42,260 shares of CarGurus stock. The stock was sold at an average price of $40.29, for a total transaction of $1,702,655.40.
  • On Friday, March 29th, Anastasios Parafestas sold 102,929 shares of CarGurus stock. The stock was sold at an average price of $39.48, for a total transaction of $4,063,636.92.
  • On Monday, March 25th, Anastasios Parafestas sold 149,510 shares of CarGurus stock. The stock was sold at an average price of $37.87, for a total transaction of $5,661,943.70.
  • On Thursday, March 21st, Anastasios Parafestas sold 68,582 shares of CarGurus stock. The stock was sold at an average price of $39.36, for a total transaction of $2,699,387.52.

Shares of NASDAQ CARG traded down $0.11 during trading on Friday, hitting $36.30. The stock had a trading volume of 1,521,696 shares, compared to its average volume of 928,728. CarGurus Inc has a 12 month low of $29.18 and a 12 month high of $57.25. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 63.68, a PEG ratio of 33.00 and a beta of 1.93.

CarGurus (NASDAQ:CARG) last posted its earnings results on Thursday, February 28th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.07. CarGurus had a net margin of 13.10% and a return on equity of 15.03%. The firm had revenue of $126.09 million during the quarter, compared to analyst estimates of $122.13 million. Equities analysts forecast that CarGurus Inc will post 0.22 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of CARG. Hound Partners LLC purchased a new stake in shares of CarGurus in the third quarter worth about $190,790,000. Vanguard Group Inc lifted its holdings in shares of CarGurus by 20.2% in the third quarter. Vanguard Group Inc now owns 4,512,695 shares of the company’s stock worth $251,312,000 after buying an additional 759,094 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of CarGurus by 20.2% in the third quarter. Vanguard Group Inc. now owns 4,512,695 shares of the company’s stock worth $251,312,000 after buying an additional 759,094 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of CarGurus by 20.8% in the fourth quarter. BlackRock Inc. now owns 3,790,254 shares of the company’s stock worth $127,846,000 after buying an additional 651,931 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of CarGurus in the third quarter worth about $33,520,000. Hedge funds and other institutional investors own 72.05% of the company’s stock.

CARG has been the subject of a number of recent research reports. DA Davidson set a $54.00 price objective on shares of CarGurus and gave the stock a “buy” rating in a report on Tuesday, March 26th. BidaskClub cut shares of CarGurus from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Zacks Investment Research upgraded shares of CarGurus from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Wednesday, March 13th. CIBC initiated coverage on shares of CarGurus in a report on Wednesday, January 9th. They issued an “outperform” rating and a $42.00 price objective on the stock. Finally, Goldman Sachs Group upgraded shares of CarGurus from a “neutral” rating to a “buy” rating and increased their price objective for the company from $43.00 to $48.00 in a report on Monday, March 18th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $49.27.

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About CarGurus

CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States, Canada, the United Kingdom, Germany, Italy, and Spain. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace.

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