Andrea Lee Eldridge Sells 2,012 Shares of CarGurus, Inc. (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) insider Andrea Lee Eldridge sold 2,012 shares of the firm’s stock in a transaction dated Friday, October 8th. The shares were sold at an average price of $35.00, for a total value of $70,420.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Andrea Lee Eldridge also recently made the following trade(s):

  • On Monday, October 4th, Andrea Lee Eldridge sold 923 shares of CarGurus stock. The shares were sold at an average price of $31.18, for a total value of $28,779.14.
  • On Friday, August 6th, Andrea Lee Eldridge sold 3,208 shares of CarGurus stock. The stock was sold at an average price of $30.64, for a total value of $98,293.12.

NASDAQ:CARG opened at $34.49 on Thursday. The firm has a market capitalization of $4.05 billion, a PE ratio of 37.09, a P/E/G ratio of 7.83 and a beta of 1.83. CarGurus, Inc. has a 52-week low of $19.24 and a 52-week high of $36.54. The stock has a 50-day simple moving average of $30.72 and a two-hundred day simple moving average of $27.84.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Thursday, August 5th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.15. CarGurus had a return on equity of 27.87% and a net margin of 15.72%. The firm had revenue of $217.75 million for the quarter, compared to the consensus estimate of $190.00 million. On average, equities analysts anticipate that CarGurus, Inc. will post 0.74 earnings per share for the current year.

CARG has been the topic of several recent research reports. TheStreet upgraded CarGurus from a “c+” rating to a “b-” rating in a research report on Monday, August 30th. Raymond James raised their price target on CarGurus from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, August 6th. Royal Bank of Canada upgraded CarGurus from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $34.00 to $40.00 in a research report on Thursday, August 26th. Needham & Company LLC restated a “buy” rating and set a $38.00 price target on shares of CarGurus in a research report on Thursday, August 26th. Finally, Zacks Investment Research upgraded CarGurus from a “sell” rating to a “hold” rating in a research report on Friday, July 16th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $36.56.

Large investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new stake in shares of CarGurus in the 1st quarter worth $25,000. IFP Advisors Inc acquired a new stake in CarGurus in the 3rd quarter worth about $30,000. Advisory Services Network LLC acquired a new position in shares of CarGurus during the 2nd quarter worth approximately $75,000. Advisor Group Holdings Inc. raised its position in shares of CarGurus by 142.3% during the 2nd quarter. Advisor Group Holdings Inc. now owns 2,891 shares of the company’s stock valued at $76,000 after buying an additional 1,698 shares during the period. Finally, Lazard Asset Management LLC raised its position in shares of CarGurus by 16.5% during the 1st quarter. Lazard Asset Management LLC now owns 3,825 shares of the company’s stock valued at $91,000 after buying an additional 541 shares during the period. 78.49% of the stock is currently owned by institutional investors.

CarGurus Company Profile

Cargurus, Inc engages in the provision of online auto shopping. The firm offers proprietary technology, search algorithms and data analytics to analyze new and used car listings. It operates through the following segments: United States and International. The United States segment derives revenues from marketplace subscriptions, advertising services and other revenues from customers within the United States.

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Insider Buying and Selling by Quarter for CarGurus (NASDAQ:CARG)

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