CarGurus Inc (NASDAQ:CARG) CFO Jason Trevisan sold 5,000 shares of CarGurus stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $37.74, for a total transaction of $188,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jason Trevisan also recently made the following trade(s):

  • On Monday, June 17th, Jason Trevisan sold 5,000 shares of CarGurus stock. The shares were sold at an average price of $35.83, for a total transaction of $179,150.00.

NASDAQ CARG opened at $35.61 on Friday. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.25. CarGurus Inc has a 12-month low of $30.29 and a 12-month high of $57.25. The firm has a market capitalization of $4.01 billion, a P/E ratio of 124.90, a PEG ratio of 4.00 and a beta of 1.83. The firm has a 50 day simple moving average of $36.23.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.09. CarGurus had a net margin of 13.94% and a return on equity of 18.43%. The company had revenue of $135.30 million for the quarter, compared to the consensus estimate of $129.54 million. During the same period last year, the company earned $0.06 earnings per share. The firm’s revenue was up 37.2% compared to the same quarter last year. On average, sell-side analysts predict that CarGurus Inc will post 0.23 earnings per share for the current fiscal year.

A number of research analysts have weighed in on the stock. BidaskClub raised shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. DA Davidson set a $54.00 price target on shares of CarGurus and gave the company a “buy” rating in a research note on Tuesday, March 26th. TheStreet raised shares of Third Point Reinsurance from a “d+” rating to a “c-” rating in a research note on Tuesday, May 14th. Cowen assumed coverage on shares of TrueCar in a research note on Monday, May 20th. They issued a “hold” rating and a $7.00 price target on the stock. Finally, SunTrust Banks cut their price target on shares of EOG Resources to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, June 12th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $48.92.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC raised its holdings in shares of CarGurus by 0.7% in the first quarter. FMR LLC now owns 10,915,766 shares of the company’s stock valued at $437,286,000 after purchasing an additional 79,685 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of CarGurus by 4.1% in the first quarter. The Manufacturers Life Insurance Company now owns 7,494,720 shares of the company’s stock valued at $300,238,000 after purchasing an additional 295,775 shares during the last quarter. BlackRock Inc. raised its holdings in shares of CarGurus by 20.8% in the fourth quarter. BlackRock Inc. now owns 3,790,254 shares of the company’s stock valued at $127,846,000 after purchasing an additional 651,931 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 purchasing an additional 98,854 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of CarGurus by 0.3% in the fourth quarter. Two Sigma Advisers LP now owns 777,920 shares of the company’s stock valued at $26,239,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors own 74.79% of the company’s stock.

About CarGurus

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.

Recommended Story: What is a short straddle?

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

Receive News & Ratings for CarGurus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarGurus and related companies with MarketBeat.com's FREE daily email newsletter.