CarGurus Inc (NASDAQ:CARG) VP Thomas Michael Caputo sold 6,850 shares of the stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $33.89, for a total value of $232,146.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of NASDAQ:CARG opened at $32.31 on Friday. CarGurus Inc has a one year low of $25.85 and a one year high of $40.60.
CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, March 1st. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $87.71 million for the quarter, compared to analyst estimates of $86.22 million. CarGurus’s quarterly revenue was up 197.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. equities research analysts anticipate that CarGurus Inc will post 0.1 earnings per share for the current year.
CARG has been the topic of a number of analyst reports. BidaskClub upgraded CarGurus from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. Zacks Investment Research cut CarGurus from a “buy” rating to a “hold” rating in a report on Monday, January 15th. Benchmark initiated coverage on CarGurus in a report on Thursday, March 22nd. They set a “buy” rating and a $42.00 target price on the stock. Finally, DA Davidson initiated coverage on CarGurus in a report on Wednesday, April 4th. They set a “neutral” rating and a $41.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $35.20.
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CarGurus, Inc is an online automotive marketplace connecting buyers and sellers of new and used cars. Using proprietary technology, search algorithms, and data analytics. The Company’s marketplace empowers users with unbiased third-party validation on pricing and dealer reputation as well as other information that aids them in finding Great Deals from Great Dealers.
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