Insider Selling: CarGurus, Inc. (NASDAQ:CARG) COO Sells 10,000 Shares of Stock

CarGurus, Inc. (NASDAQ:CARGGet Rating) COO Samuel Zales sold 10,000 shares of CarGurus stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $41.74, for a total value of $417,400.00. Following the completion of the sale, the chief operating officer now directly owns 403,403 shares of the company’s stock, valued at approximately $16,838,041.22. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Friday, March 18th, Samuel Zales sold 1,667 shares of CarGurus stock. The stock was sold at an average price of $45.00, for a total value of $75,015.00.
  • On Friday, February 25th, Samuel Zales sold 11,669 shares of CarGurus stock. The stock was sold at an average price of $45.00, for a total value of $525,105.00.
  • On Tuesday, February 15th, Samuel Zales sold 10,000 shares of CarGurus stock. The shares were sold at an average price of $35.77, for a total value of $357,700.00.

Shares of NASDAQ CARG traded down $1.48 during trading hours on Tuesday, reaching $39.99. 25,652 shares of the stock traded hands, compared to its average volume of 1,201,762. The company has a market capitalization of $4.72 billion, a P/E ratio of -2,046.50, a price-to-earnings-growth ratio of 3.16 and a beta of 1.47. CarGurus, Inc. has a 52-week low of $23.15 and a 52-week high of $50.03. The company’s 50-day simple moving average is $40.56 and its two-hundred day simple moving average is $36.49.

CarGurus (NASDAQ:CARGGet Rating) last announced its quarterly earnings results on Thursday, February 24th. The company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.10. The business had revenue of $339.34 million for the quarter, compared to analysts’ expectations of $279.91 million. CarGurus had a return on equity of 23.53% and a net margin of 11.48%. The business’s quarterly revenue was up 123.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. Analysts predict that CarGurus, Inc. will post 1.05 earnings per share for the current year.

A number of analysts have recently issued reports on the company. Jefferies Financial Group upgraded CarGurus from a “hold” rating to a “buy” rating and lifted their price target for the company from $42.00 to $45.00 in a research report on Friday, January 7th. Truist Financial lifted their price target on CarGurus from $44.00 to $58.00 in a research report on Monday, February 28th. DA Davidson lifted their price target on CarGurus from $42.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, March 4th. Northcoast Research assumed coverage on CarGurus in a research report on Wednesday, February 2nd. They set a “buy” rating and a $43.00 price target for the company. Finally, Needham & Company LLC lifted their price target on CarGurus from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, February 25th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $48.25.

Institutional investors have recently made changes to their positions in the business. Boston Trust Walden Corp bought a new stake in shares of CarGurus during the fourth quarter valued at approximately $19,867,000. American Century Companies Inc. lifted its holdings in shares of CarGurus by 67.6% during the third quarter. American Century Companies Inc. now owns 75,567 shares of the company’s stock valued at $2,374,000 after purchasing an additional 30,484 shares in the last quarter. Avestar Capital LLC lifted its holdings in shares of CarGurus by 65.9% during the fourth quarter. Avestar Capital LLC now owns 13,029 shares of the company’s stock valued at $438,000 after purchasing an additional 5,175 shares in the last quarter. Atom Investors LP bought a new position in shares of CarGurus during the third quarter valued at $638,000. Finally, Raymond James Trust N.A. lifted its holdings in shares of CarGurus by 5.4% during the fourth quarter. Raymond James Trust N.A. now owns 19,493 shares of the company’s stock valued at $656,000 after purchasing an additional 1,000 shares in the last quarter. 94.43% of the stock is currently owned by institutional investors and hedge funds.

About CarGurus (Get Rating)

CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. 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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