CarGurus Inc (CARG) VP Kathleen Bender Patton Sells 8,120 Shares
CarGurus Inc (NASDAQ:CARG) VP Kathleen Bender Patton sold 8,120 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $51.67, for a total transaction of $419,560.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Kathleen Bender Patton also recently made the following trade(s):
- On Thursday, August 23rd, Kathleen Bender Patton sold 15,762 shares of CarGurus stock. The stock was sold at an average price of $49.37, for a total transaction of $778,169.94.
NASDAQ:CARG opened at $51.87 on Tuesday. The company has a market cap of $5.77 billion and a price-to-earnings ratio of 526.90. CarGurus Inc has a twelve month low of $25.85 and a twelve month high of $56.17.
Several research firms have weighed in on CARG. Benchmark boosted their target price on shares of CarGurus from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. DA Davidson set a $53.00 target price on shares of CarGurus and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. ValuEngine raised shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Finally, Royal Bank of Canada raised shares of CarGurus from a “sector perform” rating to an “outperform” rating and set a $33.00 target price on the stock in a research report 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 issued a strong buy rating to the stock. CarGurus presently has an average rating of “Buy” and an average price target of $44.17.
Several hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of CarGurus by 1,442.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 140,265 shares of the company’s stock valued at $4,872,000 after acquiring an additional 131,170 shares during the last quarter. California Public Employees Retirement System purchased a new stake in shares of CarGurus in the 2nd quarter valued at $345,000. Millennium Management LLC boosted its holdings in shares of CarGurus by 33.4% in the 2nd quarter. Millennium Management LLC now owns 17,302 shares of the company’s stock valued at $601,000 after acquiring an additional 4,334 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of CarGurus in the 2nd quarter valued at $2,899,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of CarGurus in the 2nd quarter valued at $205,000. 63.29% of the stock is currently owned by institutional investors and hedge funds.
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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