CarGurus Inc (CARG) Director Anastasios Parafestas Sells 60,000 Shares

CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 60,000 shares of CarGurus stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $38.89, for a total value of $2,333,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Friday, May 10th, Anastasios Parafestas sold 78,708 shares of CarGurus stock. The stock was sold at an average price of $39.88, for a total value of $3,138,875.04.
  • On Tuesday, May 7th, Anastasios Parafestas sold 42,103 shares of CarGurus stock. The stock was sold at an average price of $40.37, for a total value of $1,699,698.11.
  • On Friday, May 3rd, Anastasios Parafestas sold 54,200 shares of CarGurus stock. The stock was sold at an average price of $40.32, for a total value of $2,185,344.00.
  • On Wednesday, May 1st, Anastasios Parafestas sold 102,978 shares of CarGurus stock. The stock was sold at an average price of $40.41, for a total value of $4,161,340.98.
  • On Monday, April 29th, Anastasios Parafestas sold 84,521 shares of CarGurus stock. The stock was sold at an average price of $39.49, for a total value of $3,337,734.29.
  • On Thursday, April 25th, Anastasios Parafestas sold 96,000 shares of CarGurus stock. The stock was sold at an average price of $37.84, for a total value of $3,632,640.00.
  • On Tuesday, April 23rd, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The stock was sold at an average price of $36.78, for a total value of $2,942,400.00.
  • On Thursday, April 18th, Anastasios Parafestas sold 40,100 shares of CarGurus stock. The stock was sold at an average price of $36.18, for a total value of $1,450,818.00.
  • On Tuesday, April 16th, Anastasios Parafestas sold 41,580 shares of CarGurus stock. The stock was sold at an average price of $40.62, for a total value of $1,688,979.60.
  • On Friday, April 12th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The stock was sold at an average price of $40.23, for a total value of $2,413,800.00.

Shares of CARG traded down $2.36 during midday trading on Wednesday, reaching $36.56. The stock had a trading volume of 1,731,546 shares, compared to its average volume of 780,991. CarGurus Inc has a 12-month low of $30.29 and a 12-month high of $57.25. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $4.25 billion, a P/E ratio of 64.14, a PEG ratio of 34.24 and a beta of 1.86.



CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. CarGurus had a return on equity of 18.43% and a net margin of 13.94%. The firm had revenue of $135.30 million during the quarter, compared to analysts’ expectations of $129.54 million. During the same period in the prior year, the business earned $0.06 EPS. The company’s revenue for the quarter was up 37.2% compared to the same quarter last year. On average, equities research analysts predict that CarGurus Inc will post 0.22 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of CARG. NumerixS Investment Technologies Inc purchased a new position in shares of CarGurus in the 4th quarter worth about $30,000. Advisor Group Inc. boosted its holdings in shares of CarGurus by 281.2% in the 1st quarter. Advisor Group Inc. now owns 770 shares of the company’s stock worth $31,000 after purchasing an additional 568 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of CarGurus in the 4th quarter worth about $78,000. DekaBank Deutsche Girozentrale purchased a new position in shares of CarGurus in the 1st quarter worth about $136,000. Finally, NEXT Financial Group Inc boosted its holdings in shares of CarGurus by 50.1% in the 4th quarter. NEXT Financial Group Inc now owns 5,555 shares of the company’s stock worth $187,000 after purchasing an additional 1,855 shares in the last quarter. Hedge funds and other institutional investors own 72.34% of the company’s stock.

Several research analysts have issued reports on CARG shares. Benchmark restated a “buy” rating and set a $50.00 target price on shares of CarGurus in a research report on Friday, March 1st. Citigroup boosted their target price on CarGurus from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, March 1st. BidaskClub upgraded CarGurus from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Zacks Investment Research lowered CarGurus from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, SunTrust Banks restated a “buy” rating and issued a $52.00 target price on shares of CarGurus in a research note on Thursday, May 9th. Twelve investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $49.73.

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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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