CarGurus Inc (NASDAQ:CARG) COO Samuel Zales Sells 18,000 Shares

CarGurus Inc (NASDAQ:CARG) COO Samuel Zales sold 18,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $33.10, for a total transaction of $595,800.00. Following the completion of the sale, the chief operating officer now owns 185,388 shares of the company’s stock, valued at approximately $6,136,342.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Monday, January 13th, Samuel Zales sold 18,000 shares of CarGurus stock. The shares were sold at an average price of $35.13, for a total transaction of $632,340.00.
  • On Wednesday, December 11th, Samuel Zales sold 18,000 shares of CarGurus stock. The shares were sold at an average price of $36.80, for a total transaction of $662,400.00.

NASDAQ CARG opened at $34.10 on Friday. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 0.24. The firm has a market cap of $3.63 billion, a PE ratio of 94.72, a price-to-earnings-growth ratio of 1.85 and a beta of 1.88. The company has a 50 day moving average price of $35.70 and a 200 day moving average price of $34.76. CarGurus Inc has a 52 week low of $28.65 and a 52 week high of $45.25.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. CarGurus had a net margin of 7.44% and a return on equity of 18.30%. On average, equities research analysts anticipate that CarGurus Inc will post 0.35 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NWK Group Inc. bought a new position in shares of CarGurus during the 4th quarter worth approximately $30,000. Tower Research Capital LLC TRC raised its stake in shares of CarGurus by 208.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,114 shares of the company’s stock worth $34,000 after acquiring an additional 753 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of CarGurus by 47.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,070 shares of the company’s stock worth $73,000 after acquiring an additional 668 shares in the last quarter. Strs Ohio raised its stake in shares of CarGurus by 40.6% during the 4th quarter. Strs Ohio now owns 4,500 shares of the company’s stock worth $158,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC bought a new position in shares of CarGurus during the 3rd quarter worth approximately $148,000. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Several research firms have recently commented on CARG. SunTrust Banks restated a “buy” rating and issued a $55.00 price target (up previously from $54.00) on shares of CarGurus in a report on Monday. Royal Bank of Canada reduced their price target on shares of CarGurus to $50.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Zacks Investment Research lowered shares of CarGurus from a “hold” rating to a “sell” rating in a report on Thursday. BidaskClub lowered shares of CarGurus from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Finally, Benchmark reduced their price target on shares of CarGurus from $51.00 to $42.00 and set a “buy” rating for the company in a report on Friday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $47.90.

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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