CarGurus Inc (CARG) Director Stephen Kaufer Sells 60,000 Shares of Stock

CarGurus Inc (NASDAQ:CARG) Director Stephen Kaufer sold 60,000 shares of CarGurus stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $37.47, for a total value of $2,248,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Stephen Kaufer also recently made the following trade(s):

  • On Friday, November 30th, Stephen Kaufer sold 60,000 shares of CarGurus stock. The stock was sold at an average price of $39.79, for a total value of $2,387,400.00.
  • On Wednesday, November 28th, Stephen Kaufer sold 90,000 shares of CarGurus stock. The stock was sold at an average price of $39.29, for a total value of $3,536,100.00.
  • On Friday, November 23rd, Stephen Kaufer sold 90,000 shares of CarGurus stock. The stock was sold at an average price of $38.47, for a total transaction of $3,462,300.00.

NASDAQ CARG traded down $1.49 during trading on Friday, hitting $35.92. The stock had a trading volume of 246,054 shares, compared to its average volume of 913,034. The company has a market cap of $3.97 billion, a P/E ratio of 299.33, a PEG ratio of 55.48 and a beta of 1.83. CarGurus Inc has a one year low of $28.52 and a one year high of $57.25.



CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. CarGurus had a net margin of 11.78% and a return on equity of 9.82%. The firm had revenue of $119.04 million during the quarter, compared to the consensus estimate of $112.70 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The company’s revenue was up 43.4% on a year-over-year basis. As a group, research analysts predict that CarGurus Inc will post 0.13 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. NEXT Financial Group Inc bought a new stake in shares of CarGurus during the third quarter valued at approximately $206,000. CIBC Asset Management Inc bought a new stake in shares of CarGurus during the third quarter valued at approximately $209,000. LPL Financial LLC bought a new stake in shares of CarGurus during the third quarter valued at approximately $234,000. United Services Automobile Association bought a new stake in shares of CarGurus during the third quarter valued at approximately $240,000. Finally, Millennium Management LLC raised its stake in shares of CarGurus by 33.4% during the second quarter. Millennium Management LLC now owns 17,302 shares of the company’s stock valued at $601,000 after acquiring an additional 4,334 shares in the last quarter. 68.67% of the stock is owned by hedge funds and other institutional investors.

CARG has been the subject of several analyst reports. BTIG Research initiated coverage on shares of CarGurus in a research note on Tuesday, November 13th. They issued a “buy” rating and a $48.00 price objective for the company. Zacks Investment Research downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. ValuEngine raised shares of CarGurus from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Royal Bank of Canada raised their price objective on shares of CarGurus from $55.00 to $59.00 and gave the stock an “outperform” rating in a research note on Thursday, November 8th. Finally, SunTrust Banks initiated coverage on shares of CarGurus in a research note on Monday, November 19th. They issued a “buy” rating and a $49.00 price objective for the company. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. CarGurus currently has an average rating of “Buy” and a consensus target price of $50.75.

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CarGurus Company Profile

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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