CarGurus Inc (NASDAQ:CARG) COO Sells $568,800.00 in Stock

CarGurus Inc (NASDAQ:CARG) COO Samuel Zales sold 18,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $31.60, for a total transaction of $568,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Thursday, July 11th, Samuel Zales sold 18,000 shares of CarGurus stock. The shares were sold at an average price of $37.09, for a total transaction of $667,620.00.
  • On Tuesday, June 11th, Samuel Zales sold 18,000 shares of CarGurus stock. The shares were sold at an average price of $35.47, for a total transaction of $638,460.00.

Shares of CARG stock traded down $1.12 on Wednesday, reaching $31.31. The company’s stock had a trading volume of 1,073,769 shares, compared to its average volume of 872,653. The stock’s fifty day simple moving average is $35.66. CarGurus Inc has a 1 year low of $30.22 and a 1 year high of $57.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.68 and a quick ratio of 2.68. The stock has a market capitalization of $3.55 billion, a P/E ratio of 54.93, a price-to-earnings-growth ratio of 3.57 and a beta of 1.83.



CarGurus (NASDAQ:CARG) last posted its earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. CarGurus had a net margin of 8.22% and a return on equity of 17.12%. The firm had revenue of $145.03 million during the quarter, compared to analyst estimates of $140.67 million. During the same period last year, the firm posted $0.06 earnings per share. CarGurus’s revenue for the quarter was up 31.5% compared to the same quarter last year. On average, research analysts expect that CarGurus Inc will post 0.24 earnings per share for the current year.

A number of equities research analysts have issued reports on the stock. JMP Securities cut their price objective on shares of CarGurus to $50.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Consumer Edge assumed coverage on shares of CarGurus in a report on Friday, August 2nd. They issued an “overweight” rating for the company. Zacks Investment Research raised shares of CarGurus from a “hold” rating to a “strong-buy” rating and set a $39.00 target price for the company in a report on Friday, August 9th. SunTrust Banks reissued a “buy” rating and issued a $54.00 target price on shares of CarGurus in a report on Wednesday, June 12th. Finally, Cowen assumed coverage on shares of CarGurus in a report on Monday, May 20th. They issued a “market perform” rating and a $42.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $48.42.

A number of institutional investors and hedge funds have recently modified their holdings of CARG. BlackRock Inc. lifted its position in CarGurus by 46.1% in the second quarter. BlackRock Inc. now owns 5,176,925 shares of the company’s stock worth $186,939,000 after buying an additional 1,632,759 shares during the last quarter. HMI Capital LLC bought a new stake in CarGurus in the second quarter worth $45,149,000. Vanguard Group Inc. lifted its position in CarGurus by 10.1% in the second quarter. Vanguard Group Inc. now owns 5,585,376 shares of the company’s stock worth $201,687,000 after buying an additional 512,647 shares during the last quarter. Norges Bank bought a new stake in CarGurus in the fourth quarter worth $15,947,000. Finally, Wells Fargo & Company MN lifted its position in CarGurus by 93.4% in the second quarter. Wells Fargo & Company MN now owns 891,158 shares of the company’s stock worth $32,179,000 after buying an additional 430,302 shares during the last quarter. Institutional investors own 75.46% of the company’s stock.

CarGurus Company Profile

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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