CarGurus Inc (NASDAQ:CARG) COO Samuel Zales sold 15,000 shares of CarGurus stock in a transaction on Thursday, October 11th. The shares were sold at an average price of $42.45, for a total value of $636,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, September 11th, Samuel Zales sold 15,000 shares of CarGurus stock. The shares were sold at an average price of $51.01, for a total value of $765,150.00.
  • On Monday, August 13th, Samuel Zales sold 15,000 shares of CarGurus stock. The stock was sold at an average price of $51.31, for a total value of $769,650.00.

Shares of CarGurus stock traded up $0.87 during trading on Friday, reaching $42.86. 1,106,181 shares of the company were exchanged, compared to its average volume of 707,093. CarGurus Inc has a twelve month low of $25.85 and a twelve month high of $57.25. The stock has a market cap of $6.10 billion and a PE ratio of 357.17.

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

A number of large investors have recently bought and sold shares of CARG. Wells Fargo & Company MN acquired a new position in CarGurus in the first quarter valued at about $2,629,000. Schwab Charles Investment Management Inc. grew its stake in CarGurus by 36.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 27,886 shares of the company’s stock valued at $1,073,000 after acquiring an additional 7,468 shares during the period. Northern Trust Corp grew its stake in CarGurus by 12.8% in the first quarter. Northern Trust Corp now owns 20,129 shares of the company’s stock valued at $775,000 after acquiring an additional 2,292 shares during the period. Franklin Resources Inc. grew its stake in CarGurus by 321.5% in the first quarter. Franklin Resources Inc. now owns 102,000 shares of the company’s stock valued at $3,924,000 after acquiring an additional 77,800 shares during the period. Finally, Lord Abbett & CO. LLC grew its stake in CarGurus by 55.6% in the first quarter. Lord Abbett & CO. LLC now owns 970,288 shares of the company’s stock valued at $37,327,000 after acquiring an additional 346,567 shares during the period. 63.33% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on CARG. BidaskClub cut CarGurus from a “buy” rating to a “hold” rating in a research note on Saturday. DA Davidson set a $53.00 price objective on CarGurus and gave the stock a “buy” rating in a research note on Wednesday, August 8th. ValuEngine raised CarGurus from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Zacks Investment Research raised CarGurus from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Thursday, August 2nd. Finally, Royal Bank of Canada raised CarGurus from a “sector perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a research note on Wednesday, August 8th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $44.17.

CarGurus Company Profile

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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