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.
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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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.
See Also: Outstanding Shares
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