Insider Selling: CarGurus Inc (NASDAQ:CARG) Director Sells 13,098 Shares of Stock

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CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 13,098 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $31.79, for a total value of $416,385.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Thursday, August 22nd, Anastasios Parafestas sold 35,000 shares of CarGurus stock. The shares were sold at an average price of $32.23, for a total value of $1,128,050.00.
  • On Monday, August 19th, Anastasios Parafestas sold 10,000 shares of CarGurus stock. The shares were sold at an average price of $31.82, for a total value of $318,200.00.
  • On Friday, August 16th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $31.12, for a total value of $622,400.00.
  • On Tuesday, August 13th, Anastasios Parafestas sold 13,002 shares of CarGurus stock. The shares were sold at an average price of $32.17, for a total value of $418,274.34.
  • On Wednesday, August 7th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $32.91, for a total value of $658,200.00.
  • On Thursday, August 1st, Anastasios Parafestas sold 55,000 shares of CarGurus stock. The shares were sold at an average price of $37.40, for a total value of $2,057,000.00.
  • On Tuesday, July 30th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $36.85, for a total value of $2,948,000.00.
  • On Friday, July 26th, Anastasios Parafestas sold 75,900 shares of CarGurus stock. The shares were sold at an average price of $36.57, for a total value of $2,775,663.00.
  • On Wednesday, July 24th, Anastasios Parafestas sold 111,400 shares of CarGurus stock. The shares were sold at an average price of $35.65, for a total value of $3,971,410.00.
  • On Friday, July 19th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $36.05, for a total value of $2,884,000.00.

Shares of CARG stock traded up $0.13 during trading hours on Tuesday, reaching $31.94. 797,410 shares of the company’s stock were exchanged, compared to its average volume of 863,495. CarGurus Inc has a 1 year low of $30.22 and a 1 year high of $57.25. The stock has a market cap of $4.21 billion, a PE ratio of 56.18, a PEG ratio of 3.49 and a beta of 1.83. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $34.59 and its two-hundred day moving average price is $37.33.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.03. CarGurus had a return on equity of 17.12% and a net margin of 8.22%. The business had revenue of $145.03 million for the quarter, compared to analyst estimates of $140.67 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The company’s revenue was up 31.5% on a year-over-year basis. On average, equities analysts expect that CarGurus Inc will post 0.24 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Advisor Group Inc. lifted its holdings in shares of CarGurus by 55.1% during the second quarter. Advisor Group Inc. now owns 1,194 shares of the company’s stock worth $42,000 after purchasing an additional 424 shares during the period. Point72 Hong Kong Ltd lifted its holdings in shares of CarGurus by 2,651.8% during the second quarter. Point72 Hong Kong Ltd now owns 2,284 shares of the company’s stock worth $82,000 after purchasing an additional 2,201 shares during the period. CSat Investment Advisory L.P. acquired a new stake in shares of CarGurus during the second quarter worth about $90,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of CarGurus during the first quarter worth about $136,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of CarGurus during the second quarter worth about $145,000. Institutional investors and hedge funds own 66.83% of the company’s stock.

Several research firms have issued reports on CARG. Zacks Investment Research upgraded CarGurus from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a research note on Friday, August 9th. Cowen began coverage on CarGurus in a research note on Monday, May 20th. They issued a “market perform” rating and a $42.00 target price on the stock. JMP Securities cut their target price on CarGurus to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Consumer Edge began coverage on CarGurus in a research note on Friday, August 2nd. They issued an “overweight” rating on the stock. Finally, Benchmark reiterated a “buy” rating and issued a $51.00 target price on shares of CarGurus in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $48.42.

About CarGurus

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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