CarGurus Inc (CARG) CEO Sells $4,707,980.60 in Stock

CarGurus Inc (NASDAQ:CARG) CEO Langley Steinert sold 117,406 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $40.10, for a total value of $4,707,980.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Langley Steinert also recently made the following trade(s):

  • On Monday, April 8th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $40.66, for a total value of $4,773,727.96.
  • On Thursday, April 4th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $41.14, for a total value of $4,830,082.84.
  • On Monday, March 11th, Langley Steinert sold 130,456 shares of CarGurus stock. The shares were sold at an average price of $39.05, for a total value of $5,094,306.80.
  • On Wednesday, March 6th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $39.73, for a total value of $4,664,540.38.
  • On Monday, March 4th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $39.63, for a total value of $4,652,799.78.
  • On Monday, February 11th, Langley Steinert sold 71,753 shares of CarGurus stock. The shares were sold at an average price of $38.99, for a total value of $2,797,649.47.
  • On Thursday, February 7th, Langley Steinert sold 176,109 shares of CarGurus stock. The shares were sold at an average price of $41.17, for a total value of $7,250,407.53.
  • On Monday, February 4th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $42.52, for a total value of $4,992,103.12.
  • On Thursday, January 10th, Langley Steinert sold 130,456 shares of CarGurus stock. The stock was sold at an average price of $35.32, for a total value of $4,607,705.92.
  • On Monday, January 7th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $33.51, for a total value of $3,934,275.06.

NASDAQ:CARG traded up $1.33 during trading hours on Friday, reaching $39.30. 547,311 shares of the stock were exchanged, compared to its average volume of 753,761. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 68.95, a price-to-earnings-growth ratio of 33.34 and a beta of 1.93. CarGurus Inc has a twelve month low of $29.18 and a twelve month high of $57.25.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data on Thursday, February 28th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. The business had revenue of $126.09 million for the quarter, compared to analysts’ expectations of $122.13 million. CarGurus had a return on equity of 15.03% and a net margin of 13.10%. As a group, equities analysts predict that CarGurus Inc will post 0.22 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. NumerixS Investment Technologies Inc acquired a new stake in shares of CarGurus in the fourth quarter valued at $30,000. Quantamental Technologies LLC acquired a new stake in CarGurus in the fourth quarter valued at $78,000. NEXT Financial Group Inc raised its stake in CarGurus by 50.1% in the fourth quarter. NEXT Financial Group Inc now owns 5,555 shares of the company’s stock valued at $187,000 after buying an additional 1,855 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in CarGurus in the first quarter valued at $203,000. Finally, Calamos Advisors LLC acquired a new stake in CarGurus in the first quarter valued at $210,000. Institutional investors and hedge funds own 72.06% of the company’s stock.

Several research analysts recently weighed in on CARG shares. DA Davidson set a $54.00 price objective on CarGurus and gave the stock a “buy” rating in a research report on Tuesday, March 26th. BidaskClub lowered CarGurus from a “buy” rating to a “hold” rating in a research report on Thursday, February 7th. Zacks Investment Research upgraded CarGurus from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Wednesday, March 13th. CIBC started coverage on CarGurus in a research report on Wednesday, January 9th. They issued an “outperform” rating and a $42.00 price objective for the company. Finally, Goldman Sachs Group upgraded CarGurus from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $43.00 to $48.00 in a research report on Monday, March 18th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average 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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