Insider Selling: CarGurus Inc (CARG) Director Sells 78,708 Shares of Stock

CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 78,708 shares of CarGurus stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $39.88, for a total transaction of $3,138,875.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, May 7th, Anastasios Parafestas sold 42,103 shares of CarGurus stock. The stock was sold at an average price of $40.37, for a total transaction of $1,699,698.11.
  • On Friday, May 3rd, Anastasios Parafestas sold 54,200 shares of CarGurus stock. The stock was sold at an average price of $40.32, for a total transaction of $2,185,344.00.
  • On Wednesday, May 1st, Anastasios Parafestas sold 102,978 shares of CarGurus stock. The stock was sold at an average price of $40.41, for a total transaction of $4,161,340.98.
  • On Monday, April 29th, Anastasios Parafestas sold 84,521 shares of CarGurus stock. The stock was sold at an average price of $39.49, for a total transaction of $3,337,734.29.
  • 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 transaction 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 transaction of $2,942,400.00.
  • On Thursday, April 18th, Anastasios Parafestas sold 40,100 shares of CarGurus stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $39.22, for a total transaction of $2,353,200.00.

NASDAQ CARG opened at $38.35 on Tuesday. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 67.28, a price-to-earnings-growth ratio of 36.33 and a beta of 1.86. CarGurus Inc has a 12-month low of $30.29 and a 12-month high of $57.25.

CarGurus (NASDAQ:CARG) last posted its earnings results on Thursday, May 9th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.09. The firm had revenue of $135.30 million during the quarter, compared to analysts’ expectations of $129.54 million. CarGurus had a net margin of 13.94% and a return on equity of 19.42%. The company’s revenue was up 37.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 earnings per share. Equities research analysts predict that CarGurus Inc will post 0.22 EPS for the current fiscal year.

Several analysts recently commented on the stock. Benchmark restated a “buy” rating and set a $50.00 price target on shares of CarGurus in a report on Friday, March 1st. Citigroup raised their price target on shares of CarGurus from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, March 1st. BidaskClub upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. Zacks Investment Research cut shares of CarGurus from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, SunTrust Banks restated a “buy” rating and set a $52.00 price target on shares of CarGurus in a report on Thursday, May 9th. Thirteen research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $49.82.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. lifted its stake in CarGurus by 281.2% in the first quarter. Advisor Group Inc. now owns 770 shares of the company’s stock valued at $31,000 after acquiring an additional 568 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new stake in CarGurus in the fourth quarter valued at approximately $30,000. Quantamental Technologies LLC acquired a new stake in CarGurus in the fourth quarter valued at approximately $78,000. DekaBank Deutsche Girozentrale acquired a new stake in CarGurus in the first quarter valued at approximately $136,000. Finally, LPL Financial LLC acquired a new stake in CarGurus in the third quarter valued at approximately $234,000. Hedge funds and other institutional investors own 72.09% of the company’s stock.

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

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