CarGurus Inc (NASDAQ:CARG) Director Sells $1,104,300.00 in Stock

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CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 30,000 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $36.81, for a total value of $1,104,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, July 8th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The stock was sold at an average price of $35.95, for a total value of $1,078,500.00.
  • On Wednesday, July 3rd, Anastasios Parafestas sold 45,000 shares of CarGurus stock. The stock was sold at an average price of $36.07, for a total value of $1,623,150.00.
  • On Friday, June 28th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The stock was sold at an average price of $35.77, for a total value of $2,861,600.00.
  • On Wednesday, June 26th, Anastasios Parafestas sold 86,482 shares of CarGurus stock. The stock was sold at an average price of $36.85, for a total value of $3,186,861.70.
  • On Monday, June 24th, Anastasios Parafestas sold 188,049 shares of CarGurus stock. The stock was sold at an average price of $38.69, for a total value of $7,275,615.81.
  • On Thursday, June 20th, Anastasios Parafestas sold 131,000 shares of CarGurus stock. The stock was sold at an average price of $38.53, for a total value of $5,047,430.00.
  • On Tuesday, June 18th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The stock was sold at an average price of $36.26, for a total value of $2,900,800.00.
  • On Friday, June 14th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The stock was sold at an average price of $35.71, for a total value of $1,071,300.00.
  • On Wednesday, June 12th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The stock was sold at an average price of $35.41, for a total value of $1,062,300.00.
  • On Monday, June 10th, Anastasios Parafestas sold 25,000 shares of CarGurus stock. The stock was sold at an average price of $35.26, for a total value of $881,500.00.

NASDAQ CARG opened at $37.97 on Friday. CarGurus Inc has a 12 month low of $30.29 and a 12 month high of $57.25. The stock has a market capitalization of $4.15 billion, a PE ratio of 66.61, a P/E/G ratio of 4.14 and a beta of 1.83. The business has a fifty day moving average of $35.89. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.74 and a current ratio of 2.74.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, May 9th. The company reported $0.12 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 for the quarter, compared to analysts’ expectations of $129.54 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 37.2% on a year-over-year basis. As a group, equities research analysts expect that CarGurus Inc will post 0.23 earnings per share for the current year.

Several brokerages recently weighed in on CARG. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. BTIG Research set a $14.00 price target on ARBOR RLTY TR I/SH and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Benchmark reissued a “buy” rating and issued a $18.00 target price on shares of TEGNA in a research note on Friday, May 10th. Cowen assumed coverage on TrueCar in a research note on Monday, May 20th. They issued a “hold” rating and a $7.00 target price on the stock. Finally, SunTrust Banks cut their target price on EOG Resources to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, June 12th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $48.92.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System lifted its holdings in shares of CarGurus by 297.3% during the fourth quarter. California Public Employees Retirement System now owns 46,507 shares of the company’s stock valued at $1,569,000 after purchasing an additional 34,800 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of CarGurus by 20.8% during the fourth quarter. BlackRock Inc. now owns 3,790,254 shares of the company’s stock valued at $127,846,000 after purchasing an additional 651,931 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of CarGurus by 12.4% during the fourth quarter. Bank of New York Mellon Corp now owns 171,330 shares of the company’s stock valued at $5,779,000 after purchasing an additional 18,891 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of CarGurus by 74.0% during the fourth quarter. Raymond James & Associates now owns 32,657 shares of the company’s stock valued at $1,102,000 after purchasing an additional 13,890 shares in the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in shares of CarGurus during the fourth quarter valued at $30,000. 74.79% of the stock is currently owned by hedge funds and other institutional investors.

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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