CarGurus Inc (NASDAQ:CARG) has been assigned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $50.30.

A number of analysts recently weighed in on CARG shares. TheStreet downgraded CarGurus from a “c-” rating to a “d+” rating in a research note on Tuesday. Zacks Investment Research downgraded CarGurus from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub downgraded CarGurus from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. Finally, BTIG Research decreased their target price on CarGurus to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th.

In other news, Director Anastasios Parafestas sold 140,848 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $42.29, for a total value of $5,956,461.92. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Samuel Zales sold 18,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $38.59, for a total value of $694,620.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,290,415 shares of company stock worth $130,712,999. 34.51% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of CarGurus by 8.7% in the third quarter. Bank of New York Mellon Corp now owns 152,439 shares of the company’s stock valued at $8,489,000 after acquiring an additional 12,174 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of CarGurus by 13.6% in the fourth quarter. Geode Capital Management LLC now owns 824,067 shares of the company’s stock valued at $27,795,000 after acquiring an additional 98,854 shares in the last quarter. 361 Capital LLC purchased a new stake in shares of CarGurus in the fourth quarter valued at $2,336,000. Strs Ohio lifted its position in shares of CarGurus by 23.8% in the fourth quarter. Strs Ohio now owns 28,600 shares of the company’s stock valued at $964,000 after acquiring an additional 5,500 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of CarGurus by 20.2% in the third quarter. Vanguard Group Inc. now owns 4,512,695 shares of the company’s stock valued at $251,312,000 after acquiring an additional 759,094 shares in the last quarter. Institutional investors and hedge funds own 72.34% of the company’s stock.

Shares of CarGurus stock traded down $1.57 during trading on Monday, reaching $37.35. The company’s stock had a trading volume of 329,385 shares, compared to its average volume of 781,005. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.74 and a quick ratio of 2.74. CarGurus has a 12-month low of $30.29 and a 12-month high of $57.25. The company has a market cap of $4.25 billion, a PE ratio of 65.53, a price-to-earnings-growth ratio of 34.24 and a beta of 1.86.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.09. CarGurus had a return on equity of 18.43% and a net margin of 13.94%. The firm had revenue of $135.30 million for the quarter, compared to the consensus estimate of $129.54 million. During the same period in the previous year, the business earned $0.06 earnings per share. The company’s revenue for the quarter was up 37.2% compared to the same quarter last year. On average, equities research analysts anticipate that CarGurus will post 0.22 EPS for the current fiscal year.

CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States, Canada, the United Kingdom, Germany, Italy, and Spain. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace.

Further Reading: Debt-To-Equity Ratio

Analyst Recommendations for CarGurus (NASDAQ:CARG)

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