CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 120,000 shares of the business’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $47.76, for a total value of $5,731,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, September 4th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The stock was sold at an average price of $49.01, for a total value of $5,881,200.00.
  • On Thursday, August 30th, Anastasios Parafestas sold 102,442 shares of CarGurus stock. The stock was sold at an average price of $49.66, for a total value of $5,087,269.72.
  • On Tuesday, August 28th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The stock was sold at an average price of $49.89, for a total value of $5,986,800.00.

CARG stock traded down $0.62 during trading on Friday, hitting $47.68. 612,868 shares of the company traded hands, compared to its average volume of 795,785. The stock has a market capitalization of $5.29 billion and a PE ratio of 397.33. CarGurus Inc has a 1 year low of $25.85 and a 1 year high of $56.17.

CarGurus (NASDAQ:CARG) last issued its earnings results on Tuesday, August 7th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $110.33 million during the quarter, compared to analysts’ expectations of $103.84 million. CarGurus had a return on equity of 12.60% and a net margin of 10.34%. research analysts anticipate that CarGurus Inc will post 0.1 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the company. BidaskClub upgraded CarGurus from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Royal Bank of Canada upgraded CarGurus from a “sector perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a report on Wednesday, August 8th. Zacks Investment Research cut CarGurus from a “buy” rating to a “hold” rating in a report on Monday, August 13th. JMP Securities upgraded CarGurus from a “market perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a report on Wednesday, August 8th. Finally, DA Davidson set a $53.00 price objective on CarGurus and gave the stock a “buy” rating in a report on Wednesday, August 8th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. CarGurus presently has a consensus rating of “Buy” and an average price target of $44.17.

Hedge funds have recently modified their holdings of the stock. First Interstate Bank boosted its holdings in CarGurus by 100,560.0% during the 2nd quarter. First Interstate Bank now owns 5,033 shares of the company’s stock valued at $175,000 after acquiring an additional 5,028 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in CarGurus during the 2nd quarter valued at about $205,000. NumerixS Investment Technologies Inc purchased a new stake in CarGurus during the 2nd quarter valued at about $227,000. Amalgamated Bank purchased a new stake in CarGurus during the 2nd quarter valued at about $261,000. Finally, A.R.T. Advisors LLC purchased a new stake in CarGurus during the 1st quarter valued at about $290,000. Institutional investors own 63.29% of the company’s stock.

About CarGurus

CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars worldwide. The company's marketplace enables users with third-party validation on pricing, dealer reputation, and other information. As of June 30, 2017, it had an active dealer network of approximately 40,000 dealers; and approximately 5.4 million car listings.

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