CarGurus Inc (CARG) Director Sells $2,413,800.00 in Stock

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CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 60,000 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $40.23, for a total transaction of $2,413,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, April 10th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The shares were sold at an average price of $39.22, for a total transaction of $2,353,200.00.
  • On Monday, April 8th, Anastasios Parafestas sold 66,600 shares of CarGurus stock. The shares were sold at an average price of $41.25, for a total transaction of $2,747,250.00.
  • On Thursday, April 4th, Anastasios Parafestas sold 104,400 shares of CarGurus stock. The shares were sold at an average price of $41.14, for a total transaction of $4,295,016.00.
  • On Tuesday, April 2nd, Anastasios Parafestas sold 42,260 shares of CarGurus stock. The shares were sold at an average price of $40.29, for a total transaction of $1,702,655.40.
  • On Friday, March 29th, Anastasios Parafestas sold 102,929 shares of CarGurus stock. The shares were sold at an average price of $39.48, for a total transaction of $4,063,636.92.
  • On Wednesday, March 27th, Anastasios Parafestas sold 99,912 shares of CarGurus stock. The shares were sold at an average price of $38.86, for a total transaction of $3,882,580.32.
  • On Monday, March 25th, Anastasios Parafestas sold 149,510 shares of CarGurus stock. The shares were sold at an average price of $37.87, for a total transaction of $5,661,943.70.
  • On Thursday, March 21st, Anastasios Parafestas sold 68,582 shares of CarGurus stock. The shares were sold at an average price of $39.36, for a total transaction of $2,699,387.52.
  • On Tuesday, March 19th, Anastasios Parafestas sold 151,519 shares of CarGurus stock. The shares were sold at an average price of $39.16, for a total transaction of $5,933,484.04.
  • On Friday, March 15th, Anastasios Parafestas sold 109,111 shares of CarGurus stock. The shares were sold at an average price of $38.92, for a total transaction of $4,246,600.12.

CARG traded up $0.01 during trading on Monday, hitting $41.00. 427,759 shares of the company’s stock were exchanged, compared to its average volume of 683,182. CarGurus Inc has a 1 year low of $29.18 and a 1 year high of $57.25. The company has a market cap of $4.41 billion, a P/E ratio of 71.93, a P/E/G ratio of 36.18 and a beta of 1.93.

CarGurus (NASDAQ:CARG) last released its quarterly earnings data on Thursday, February 28th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. CarGurus had a net margin of 13.10% and a return on equity of 15.03%. The company had revenue of $126.09 million during the quarter, compared to the consensus estimate of $122.13 million. As a group, equities research analysts anticipate that CarGurus Inc will post 0.22 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. NumerixS Investment Technologies Inc bought a new position in CarGurus during the 4th quarter valued at $30,000. NEXT Financial Group Inc boosted its stake in CarGurus by 50.1% during the 4th quarter. NEXT Financial Group Inc now owns 5,555 shares of the company’s stock valued at $187,000 after acquiring an additional 1,855 shares during the last quarter. Two Sigma Advisers LP boosted its stake in CarGurus by 0.3% during the 4th quarter. Two Sigma Advisers LP now owns 777,920 shares of the company’s stock valued at $26,239,000 after acquiring an additional 2,000 shares during the last quarter. Quantamental Technologies LLC bought a new position in CarGurus during the 4th quarter valued at $78,000. Finally, Legal & General Group Plc boosted its stake in CarGurus by 17.4% during the 4th quarter. Legal & General Group Plc now owns 20,035 shares of the company’s stock valued at $676,000 after acquiring an additional 2,968 shares during the last quarter. Institutional investors and hedge funds own 72.05% of the company’s stock.

CARG has been the subject of several research analyst reports. Zacks Investment Research raised shares of CarGurus from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Friday, March 29th. BidaskClub raised shares of CarGurus from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Citigroup upped their price target on shares of CarGurus from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Oppenheimer initiated coverage on shares of CarGurus in a research report on Tuesday, January 8th. They set a “buy” rating and a $42.00 price target for the company. Finally, Benchmark reaffirmed a “buy” rating and set a $50.00 price target on shares of CarGurus in a research report on Friday, March 1st. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. CarGurus presently has an average rating of “Buy” and a consensus target price of $49.27.

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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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