CarGurus Inc (NASDAQ:CARG) major shareholder Argonaut 22 Llc sold 100,000 shares of CarGurus stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $50.98, for a total value of $5,098,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Argonaut 22 Llc also recently made the following trade(s):

  • On Monday, September 10th, Argonaut 22 Llc sold 100,000 shares of CarGurus stock. The shares were sold at an average price of $48.54, for a total value of $4,854,000.00.
  • On Thursday, September 6th, Argonaut 22 Llc sold 100,000 shares of CarGurus stock. The shares were sold at an average price of $47.76, for a total value of $4,776,000.00.
  • On Tuesday, September 4th, Argonaut 22 Llc sold 100,000 shares of CarGurus stock. The shares were sold at an average price of $49.01, for a total value of $4,901,000.00.
  • On Tuesday, August 28th, Argonaut 22 Llc sold 100,000 shares of CarGurus stock. The shares were sold at an average price of $49.89, for a total value of $4,989,000.00.
  • On Friday, August 24th, Argonaut 22 Llc sold 100,000 shares of CarGurus stock. The shares were sold at an average price of $49.47, for a total value of $4,947,000.00.
  • On Wednesday, August 22nd, Argonaut 22 Llc sold 100,000 shares of CarGurus stock. The stock was sold at an average price of $49.60, for a total value of $4,960,000.00.
  • On Thursday, August 16th, Argonaut 22 Llc sold 27,814 shares of CarGurus stock. The stock was sold at an average price of $50.33, for a total value of $1,399,878.62.
  • On Tuesday, August 14th, Argonaut 22 Llc sold 54,950 shares of CarGurus stock. The stock was sold at an average price of $51.28, for a total value of $2,817,836.00.

Shares of CARG stock traded up $0.95 during trading hours on Thursday, reaching $52.48. 1,082,900 shares of the company’s stock were exchanged, compared to its average volume of 636,001. CarGurus Inc has a 1 year low of $25.85 and a 1 year high of $56.17. The firm has a market capitalization of $5.51 billion and a price-to-earnings ratio of 429.83.

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

Several institutional investors have recently added to or reduced their stakes in CARG. First Interstate Bank lifted its holdings in shares of CarGurus by 100,560.0% during the second quarter. First Interstate Bank now owns 5,033 shares of the company’s stock worth $175,000 after purchasing an additional 5,028 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of CarGurus during the second quarter worth about $205,000. NumerixS Investment Technologies Inc acquired a new stake in shares of CarGurus during the second quarter worth about $227,000. Amalgamated Bank acquired a new stake in shares of CarGurus during the second quarter worth about $261,000. Finally, A.R.T. Advisors LLC acquired a new stake in shares of CarGurus during the first quarter worth about $290,000. 63.29% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on CARG shares. BidaskClub upgraded CarGurus from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Zacks Investment Research upgraded CarGurus from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Thursday, August 2nd. JMP Securities upgraded CarGurus from a “market perform” rating to an “outperform” rating and set a $55.00 price target on the stock in a research note on Wednesday, August 8th. Royal Bank of Canada upgraded CarGurus from a “sector perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a research note on Wednesday, August 8th. Finally, DA Davidson set a $53.00 price target on CarGurus and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Three equities research 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 company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $44.17.

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

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