Anastasios Parafestas Sells 102,929 Shares of CarGurus Inc (NASDAQ:CARG) Stock

CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 102,929 shares of the company’s stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $39.48, for a total value of $4,063,636.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, April 25th, Anastasios Parafestas sold 96,000 shares of CarGurus stock. The stock was sold at an average price of $37.84, for a total value of $3,632,640.00.
  • On Tuesday, April 23rd, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The stock was sold at an average price of $36.78, for a total value of $2,942,400.00.
  • 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 value 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 value 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 value 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 value of $2,353,200.00.
  • On Monday, April 8th, Anastasios Parafestas sold 66,600 shares of CarGurus stock. The stock was sold at an average price of $41.25, for a total value 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 value 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 value of $1,702,655.40.
  • On Wednesday, March 27th, Anastasios Parafestas sold 99,912 shares of CarGurus stock. The shares were sold at an average price of $38.86, for a total value of $3,882,580.32.

CARG traded up $1.33 on Friday, reaching $39.30. 547,311 shares of the stock were exchanged, compared to its average volume of 753,761. CarGurus Inc has a fifty-two week low of $29.18 and a fifty-two week high of $57.25. The stock has a market cap of $4.21 billion, a P/E ratio of 68.95, a P/E/G ratio of 33.34 and a beta of 1.93.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Thursday, February 28th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.07. The company had revenue of $126.09 million during 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 research analysts predict that CarGurus Inc will post 0.22 EPS for the current fiscal year.

CARG has been the topic of a number of analyst reports. Zacks Investment Research upgraded CarGurus from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Wednesday, March 20th. BTIG Research cut their price target on CarGurus to $48.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. CIBC assumed coverage on CarGurus in a research note on Wednesday, January 9th. They set an “outperform” rating and a $42.00 target price on the stock. Oppenheimer assumed coverage on CarGurus in a research note on Tuesday, January 8th. They set a “buy” rating and a $42.00 target price on the stock. Finally, Goldman Sachs Group upgraded CarGurus from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $43.00 to $48.00 in a research note on Monday, March 18th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $49.27.

Several hedge funds have recently modified their holdings of CARG. NumerixS Investment Technologies Inc acquired a new position in shares of CarGurus in the 4th quarter valued at about $30,000. Quantamental Technologies LLC acquired a new position in shares of CarGurus in the 4th quarter valued at about $78,000. NEXT Financial Group Inc lifted its holdings in shares of CarGurus by 50.1% in the 4th 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 during the period. Raymond James Trust N.A. acquired a new position in shares of CarGurus in the 1st quarter valued at about $203,000. Finally, Calamos Advisors LLC acquired a new position in shares of CarGurus in the 1st quarter valued at about $210,000. 72.06% of the stock is owned by institutional investors and hedge funds.

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CarGurus Company Profile

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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