CarGurus Inc (CARG) Director Anastasios Parafestas Sells 60,000 Shares

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CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 60,000 shares of CarGurus stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $39.76, for a total value of $2,385,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Anastasios Parafestas also recently made the following trade(s):

  • On Monday, March 11th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The stock was sold at an average price of $39.34, for a total value of $2,360,400.00.
  • On Thursday, March 7th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The stock was sold at an average price of $39.44, for a total value of $2,366,400.00.
  • On Tuesday, March 5th, Anastasios Parafestas sold 33,700 shares of CarGurus stock. The stock was sold at an average price of $39.79, for a total value of $1,340,923.00.
  • On Wednesday, February 27th, Anastasios Parafestas sold 140,848 shares of CarGurus stock. The stock was sold at an average price of $42.29, for a total value of $5,956,461.92.
  • On Thursday, February 21st, Anastasios Parafestas sold 64,140 shares of CarGurus stock. The stock was sold at an average price of $40.57, for a total value of $2,602,159.80.
  • On Tuesday, February 19th, Anastasios Parafestas sold 24,039 shares of CarGurus stock. The stock was sold at an average price of $40.05, for a total value of $962,761.95.
  • On Thursday, February 14th, Anastasios Parafestas sold 44,000 shares of CarGurus stock. The stock was sold at an average price of $40.42, for a total value of $1,778,480.00.
  • On Tuesday, February 12th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The stock was sold at an average price of $39.84, for a total value of $2,390,400.00.

CARG traded down $0.53 during midday trading on Thursday, hitting $39.09. The company’s stock had a trading volume of 621,812 shares, compared to its average volume of 676,227. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 68.58, a price-to-earnings-growth ratio of 37.65 and a beta of 1.97. CarGurus Inc has a 52-week low of $29.18 and a 52-week high of $57.25.

CARG has been the subject of a number of recent research reports. BidaskClub cut CarGurus from a “buy” rating to a “hold” rating in a research report on Thursday, February 7th. Citigroup initiated coverage on CarGurus in a research report on Friday, December 7th. They set a “buy” rating and a $45.00 price objective for the company. CIBC initiated coverage on CarGurus in a research report on Wednesday, January 9th. They set an “outperform” rating and a $42.00 price objective for the company. Zacks Investment Research cut CarGurus from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, TheStreet upgraded CarGurus from a “d+” rating to a “c-” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. CarGurus has a consensus rating of “Buy” and a consensus price target of $49.40.

A number of institutional investors and hedge funds have recently bought and sold shares of CARG. NumerixS Investment Technologies Inc purchased a new stake in CarGurus in the 4th quarter valued at about $30,000. Quantamental Technologies LLC acquired a new position in shares of CarGurus in the 4th quarter valued at about $78,000. NEXT Financial Group Inc lifted its stake in shares of CarGurus by 50.1% in the 4th quarter. NEXT Financial Group Inc now owns 5,555 shares of the company’s stock valued at $187,000 after purchasing an additional 1,855 shares in the last quarter. LPL Financial LLC acquired a new position in shares of CarGurus in the 3rd quarter valued at about $234,000. Finally, United Services Automobile Association acquired a new position in shares of CarGurus in the 3rd quarter valued at about $240,000. Institutional investors own 72.07% of the company’s stock.

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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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