CarGurus Inc (CARG) COO Sells $620,850.00 in Stock

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CarGurus Inc (NASDAQ:CARG) COO Samuel Zales sold 15,000 shares of CarGurus stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $41.39, for a total transaction of $620,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Samuel Zales also recently made the following trade(s):

  • On Thursday, October 11th, Samuel Zales sold 15,000 shares of CarGurus stock. The shares were sold at an average price of $42.45, for a total transaction of $636,750.00.
  • On Tuesday, September 11th, Samuel Zales sold 15,000 shares of CarGurus stock. The shares were sold at an average price of $51.01, for a total transaction of $765,150.00.

NASDAQ CARG opened at $38.45 on Friday. CarGurus Inc has a 52 week low of $28.00 and a 52 week high of $57.25. The company has a market cap of $4.55 billion and a price-to-earnings ratio of 346.67.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. CarGurus had a net margin of 11.78% and a return on equity of 9.82%. The company had revenue of $119.04 million during the quarter, compared to analysts’ expectations of $112.70 million. During the same quarter in the previous year, the business posted $0.02 EPS. The firm’s revenue was up 43.4% on a year-over-year basis. Equities analysts forecast that CarGurus Inc will post 0.13 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Interstate Bank grew its holdings in CarGurus by 100,560.0% during the 2nd quarter. First Interstate Bank now owns 5,033 shares of the company’s stock worth $175,000 after acquiring an additional 5,028 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in CarGurus during the 2nd quarter worth approximately $205,000. NEXT Financial Group Inc acquired a new position in CarGurus during the 3rd quarter worth approximately $206,000. CIBC Asset Management Inc acquired a new position in CarGurus during the 3rd quarter worth approximately $209,000. Finally, NumerixS Investment Technologies Inc acquired a new position in CarGurus during the 2nd quarter worth approximately $227,000. Institutional investors own 62.68% of the company’s stock.

CARG has been the subject of a number of research reports. Zacks Investment Research cut shares of CarGurus from a “buy” rating to a “hold” rating in a report on Monday, August 13th. BTIG Research initiated coverage on shares of CarGurus in a report on Tuesday. They issued a “buy” rating and a $48.00 price objective for the company. ValuEngine upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Benchmark lifted their price objective on shares of CarGurus from $44.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. Finally, BidaskClub upgraded shares of CarGurus from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 26th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $52.00.

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About CarGurus

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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