CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 120,000 shares of the stock in a transaction on Tuesday, October 16th. The shares were sold at an average price of $42.11, for a total value of $5,053,200.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Friday, October 12th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The shares were sold at an average price of $42.41, for a total value of $5,089,200.00.
  • On Wednesday, October 10th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The shares were sold at an average price of $44.81, for a total value of $5,377,200.00.
  • On Monday, October 8th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The shares were sold at an average price of $48.67, for a total value of $5,840,400.00.
  • On Thursday, October 4th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The stock was sold at an average price of $51.39, for a total value of $6,166,800.00.
  • On Tuesday, October 2nd, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The stock was sold at an average price of $53.17, for a total value of $6,380,400.00.
  • On Friday, September 28th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The stock was sold at an average price of $55.53, for a total value of $6,663,600.00.
  • On Wednesday, September 26th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The stock was sold at an average price of $54.78, for a total value of $6,573,600.00.
  • On Monday, September 24th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The stock was sold at an average price of $52.02, for a total value of $6,242,400.00.
  • On Thursday, September 20th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The stock was sold at an average price of $51.71, for a total value of $6,205,200.00.
  • On Tuesday, September 18th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The stock was sold at an average price of $52.11, for a total value of $6,253,200.00.

Shares of CarGurus stock opened at $43.48 on Thursday. CarGurus Inc has a one year low of $27.13 and a one year high of $57.25. The firm has a market capitalization of $6.10 billion and a P/E ratio of 362.33.

CarGurus (NASDAQ:CARG) last announced 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 company had revenue of $110.33 million for the quarter, compared to analysts’ expectations of $103.84 million. On average, analysts anticipate that CarGurus Inc will post 0.1 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in CARG. FMR LLC raised its holdings in CarGurus by 99.4% in the 2nd quarter. FMR LLC now owns 9,982,100 shares of the company’s stock worth $346,778,000 after purchasing an additional 4,975,737 shares during the period. BlackRock Inc. raised its holdings in CarGurus by 116,567.5% in the 2nd quarter. BlackRock Inc. now owns 2,625,019 shares of the company’s stock worth $91,193,000 after purchasing an additional 2,622,769 shares during the period. Bank of America Corp DE raised its holdings in CarGurus by 877.9% in the 2nd quarter. Bank of America Corp DE now owns 681,579 shares of the company’s stock worth $23,678,000 after purchasing an additional 611,878 shares during the period. Northern Trust Corp raised its holdings in CarGurus by 2,401.8% in the 2nd quarter. Northern Trust Corp now owns 503,590 shares of the company’s stock worth $17,494,000 after purchasing an additional 483,461 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in CarGurus by 470.2% in the 2nd quarter. Wells Fargo & Company MN now owns 389,552 shares of the company’s stock worth $13,532,000 after purchasing an additional 321,230 shares during the period. 63.33% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on CARG shares. Zacks Investment Research downgraded CarGurus from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. ValuEngine upgraded CarGurus from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Benchmark raised their price target on CarGurus from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. BidaskClub upgraded CarGurus from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 26th. Finally, 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. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target 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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