Langley Steinert Sells 117,406 Shares of CarGurus Inc (NASDAQ:CARG) Stock

CarGurus Inc (NASDAQ:CARG) CEO Langley Steinert sold 117,406 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $36.69, for a total transaction of $4,307,626.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Wednesday, July 10th, Langley Steinert sold 130,456 shares of CarGurus stock. The stock was sold at an average price of $36.36, for a total transaction of $4,743,380.16.
  • On Friday, July 5th, Langley Steinert sold 58,703 shares of CarGurus stock. The stock was sold at an average price of $36.01, for a total transaction of $2,113,895.03.
  • On Wednesday, July 3rd, Langley Steinert sold 176,109 shares of CarGurus stock. The stock was sold at an average price of $36.05, for a total transaction of $6,348,729.45.
  • On Monday, June 10th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $35.18, for a total transaction of $4,130,343.08.
  • On Thursday, June 6th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $34.27, for a total transaction of $4,023,503.62.
  • On Tuesday, June 4th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $33.68, for a total transaction of $3,954,234.08.
  • On Wednesday, May 8th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $40.06, for a total transaction of $4,703,284.36.

Shares of NASDAQ CARG traded down $1.79 during midday trading on Monday, reaching $34.36. The company’s stock had a trading volume of 1,247,640 shares, compared to its average volume of 845,300. 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 stock has a 50 day moving average price of $36.68. CarGurus Inc has a one year low of $30.29 and a one year high of $57.25. The stock has a market capitalization of $4.01 billion, a P/E ratio of 60.28, a price-to-earnings-growth ratio of 4.00 and a beta of 1.83.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, May 9th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. CarGurus had a net margin of 13.94% and a return on equity of 18.43%. The business had revenue of $135.30 million for the quarter, compared to the consensus estimate of $129.54 million. During the same period in the previous year, the firm earned $0.06 EPS. The business’s revenue for the quarter was up 37.2% on a year-over-year basis. Research analysts anticipate that CarGurus Inc will post 0.23 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CARG. Advisor Group Inc. raised its holdings in shares of CarGurus by 55.1% during the second quarter. Advisor Group Inc. now owns 1,194 shares of the company’s stock valued at $42,000 after acquiring an additional 424 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of CarGurus during the first quarter valued at approximately $136,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of CarGurus during the second quarter valued at approximately $145,000. Raymond James Trust N.A. acquired a new stake in shares of CarGurus during the first quarter valued at approximately $203,000. Finally, Janus Henderson Group PLC acquired a new stake in shares of CarGurus during the second quarter valued at approximately $203,000. Institutional investors and hedge funds own 74.81% of the company’s stock.

A number of brokerages have recently weighed in on CARG. ValuEngine lowered shares of CarGurus from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Zacks Investment Research raised shares of CarGurus from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Tuesday, July 9th. Consumer Edge began coverage on shares of CarGurus in a research note on Friday. They issued an “overweight” rating for the company. SunTrust Banks reaffirmed a “buy” rating and issued a $54.00 price target on shares of CarGurus in a research note on Wednesday, June 12th. Finally, BTIG Research dropped their target price on shares of CarGurus to $48.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. CarGurus currently has an average rating of “Buy” and a consensus target price 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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