Oliver Ian Chrzan Sells 6,000 Shares of CarGurus Inc (CARG) Stock

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CarGurus Inc (NASDAQ:CARG) insider Oliver Ian Chrzan sold 6,000 shares of the stock in a transaction on Friday, October 26th. The shares were sold at an average price of $41.73, for a total value of $250,380.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Oliver Ian Chrzan also recently made the following trade(s):

  • On Friday, October 19th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $41.49, for a total value of $248,940.00.
  • On Monday, October 15th, Oliver Ian Chrzan sold 30,000 shares of CarGurus stock. The shares were sold at an average price of $41.87, for a total value of $1,256,100.00.
  • On Friday, October 5th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $49.96, for a total value of $299,760.00.
  • On Friday, September 28th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $55.41, for a total value of $332,460.00.
  • On Friday, September 21st, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $51.55, for a total value of $309,300.00.
  • On Friday, September 14th, Oliver Ian Chrzan sold 30,000 shares of CarGurus stock. The stock was sold at an average price of $51.84, for a total value of $1,555,200.00.
  • On Friday, September 7th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $47.94, for a total value of $287,640.00.
  • On Friday, August 31st, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $49.11, for a total value of $294,660.00.
  • On Friday, August 24th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $49.63, for a total value of $297,780.00.
  • On Friday, August 17th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $49.72, for a total value of $298,320.00.

Shares of CarGurus stock opened at $42.65 on Wednesday. CarGurus Inc has a 1-year low of $28.00 and a 1-year high of $57.25. The stock has a market cap of $4.59 billion and a price-to-earnings ratio of 355.42.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. CarGurus had a return on equity of 12.60% and a net margin of 10.34%. The firm had revenue of $110.33 million during the quarter, compared to the consensus estimate of $103.84 million. Sell-side analysts predict that CarGurus Inc will post 0.1 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of CARG. FMR LLC grew its holdings in CarGurus by 99.4% during the 2nd quarter. FMR LLC now owns 9,982,100 shares of the company’s stock worth $346,778,000 after acquiring an additional 4,975,737 shares during the period. BlackRock Inc. grew its holdings in CarGurus by 116,567.5% during the 2nd quarter. BlackRock Inc. now owns 2,625,019 shares of the company’s stock worth $91,193,000 after acquiring an additional 2,622,769 shares during the period. Bank of America Corp DE grew its holdings in CarGurus by 877.9% during the 2nd quarter. Bank of America Corp DE now owns 681,579 shares of the company’s stock worth $23,678,000 after acquiring an additional 611,878 shares during the period. Northern Trust Corp grew its holdings in CarGurus by 2,401.8% during the 2nd quarter. Northern Trust Corp now owns 503,590 shares of the company’s stock worth $17,494,000 after acquiring an additional 483,461 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in CarGurus by 470.2% during the 2nd quarter. Wells Fargo & Company MN now owns 389,552 shares of the company’s stock worth $13,532,000 after acquiring an additional 321,230 shares during the period. Hedge funds and other institutional investors own 63.35% of the company’s stock.

CARG has been the subject of several analyst reports. Benchmark raised their target price on CarGurus from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. DA Davidson set a $53.00 target price on CarGurus and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research raised CarGurus from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Thursday, August 2nd. ValuEngine raised CarGurus from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Finally, BidaskClub downgraded CarGurus from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 3rd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $44.17.

CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars worldwide. The company's marketplace enables users with third-party validation on pricing, dealer reputation, and other information. As of June 30, 2017, it had an active dealer network of approximately 40,000 dealers; and approximately 5.4 million car listings.

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

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