Insider Selling: CarGurus Inc (NASDAQ:CARG) Insider Sells 5,300 Shares of Stock

CarGurus Inc (NASDAQ:CARG) insider Thomas Michael Caputo sold 5,300 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $38.06, for a total transaction of $201,718.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of CARG opened at $37.97 on Friday. The firm has a market capitalization of $4.15 billion, a P/E ratio of 129.17, a price-to-earnings-growth ratio of 4.14 and a beta of 1.83. CarGurus Inc has a twelve month low of $30.29 and a twelve month high of $57.25. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average price of $35.89.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, May 9th. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.09. The company had revenue of $135.30 million during the quarter, compared to the consensus estimate of $129.54 million. CarGurus had a net margin of 13.94% and a return on equity of 18.43%. CarGurus’s revenue was up 37.2% compared to the same quarter last year. During the same period last year, the firm earned $0.06 earnings per share. As a group, research analysts anticipate that CarGurus Inc will post 0.23 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its holdings in shares of CarGurus by 0.7% in the first quarter. FMR LLC now owns 10,915,766 shares of the company’s stock worth $437,286,000 after buying an additional 79,685 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of CarGurus by 4.1% in the first quarter. The Manufacturers Life Insurance Company now owns 7,494,720 shares of the company’s stock worth $300,238,000 after buying an additional 295,775 shares during the last quarter. Hound Partners LLC raised its holdings in shares of CarGurus by 61.5% in the fourth quarter. Hound Partners LLC now owns 5,532,298 shares of the company’s stock worth $186,604,000 after buying an additional 2,106,372 shares during the last quarter. BlackRock Inc. raised 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 during the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in shares of CarGurus by 50.2% in the fourth quarter. Lord Abbett & CO. LLC now owns 838,136 shares of the company’s stock worth $28,270,000 after buying an additional 280,233 shares during the last quarter. Institutional investors own 74.79% of the company’s stock.

CARG has been the topic of a number of recent research reports. BTIG Research set a $14.00 price objective on shares of ARBOR RLTY TR I/SH and gave the company a “buy” rating in a research note on Wednesday, April 17th. Goldman Sachs Group set a €137.00 ($159.30) price objective on shares of Safran and gave the company a “buy” rating in a research note on Monday, March 18th. Cowen initiated coverage on shares of TrueCar in a research note on Monday, May 20th. They set a “hold” rating and a $7.00 price objective on the stock. BidaskClub upgraded shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. Finally, SunTrust Banks lowered their target price on shares of EOG Resources to $120.00 and set a “buy” rating for the company in a research note on Wednesday, June 12th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. CarGurus currently has a consensus rating of “Buy” and an average price target of $48.92.

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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