CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales Sells 25,168 Shares

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 25,168 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $31.62, for a total value of $795,812.16. Following the sale, the chief operating officer now directly owns 449,821 shares in the company, valued at approximately $14,223,340.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, August 16th, Samuel Zales sold 25,168 shares of CarGurus stock. The stock was sold at an average price of $28.34, for a total value of $713,261.12.

CarGurus Stock Performance

Shares of NASDAQ:CARG traded up $0.13 during trading on Friday, reaching $31.58. The stock had a trading volume of 348,988 shares, compared to its average volume of 844,967. The business has a fifty day moving average price of $29.07 and a 200-day moving average price of $25.84. The stock has a market cap of $3.29 billion, a PE ratio of 112.61, a PEG ratio of 1.48 and a beta of 1.56. CarGurus, Inc. has a 1-year low of $16.70 and a 1-year high of $31.94.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. The firm had revenue of $218.69 million for the quarter, compared to analyst estimates of $214.85 million. CarGurus had a positive return on equity of 11.06% and a negative net margin of 5.57%. Sell-side analysts expect that CarGurus, Inc. will post 1.18 earnings per share for the current year.

Hedge Funds Weigh In On CarGurus

A number of institutional investors have recently added to or reduced their stakes in CARG. Kathleen S. Wright Associates Inc. purchased a new position in CarGurus during the third quarter worth approximately $30,000. CWM LLC lifted its position in CarGurus by 54.1% during the second quarter. CWM LLC now owns 1,381 shares of the company’s stock worth $36,000 after buying an additional 485 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in CarGurus by 43.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,579 shares of the company’s stock worth $41,000 after buying an additional 479 shares in the last quarter. Headlands Technologies LLC purchased a new position in CarGurus during the first quarter worth approximately $49,000. Finally, GAMMA Investing LLC lifted its position in CarGurus by 25.9% during the second quarter. GAMMA Investing LLC now owns 2,066 shares of the company’s stock worth $54,000 after buying an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Royal Bank of Canada raised their target price on CarGurus from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Citigroup raised their price objective on CarGurus from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. JMP Securities reissued a “market outperform” rating and issued a $32.00 price objective on shares of CarGurus in a report on Monday, September 9th. B. Riley raised their price objective on CarGurus from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Oppenheimer raised their price objective on CarGurus from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.35.

CarGurus Company Profile

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.