CarGurus, Inc. (NASDAQ:CARG - Get Free Report) COO Samuel Zales sold 10,000 shares of CarGurus stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $26.84, for a total value of $268,400.00. Following the completion of the transaction, the chief operating officer now directly owns 503,382 shares of the company's stock, valued at $13,510,772.88. This represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Samuel Zales also recently made the following trade(s):
- On Monday, March 17th, Samuel Zales sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $30.78, for a total transaction of $307,800.00.
- On Monday, February 3rd, Samuel Zales sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $38.36, for a total transaction of $767,200.00.
CarGurus Trading Down 0.4 %
Shares of CARG stock opened at $26.61 on Friday. CarGurus, Inc. has a 12 month low of $21.22 and a 12 month high of $41.33. The firm has a market capitalization of $2.78 billion, a PE ratio of 147.84, a price-to-earnings-growth ratio of 1.72 and a beta of 1.46. The firm has a fifty day simple moving average of $31.34 and a two-hundred day simple moving average of $34.02.
CarGurus (NASDAQ:CARG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.06). The business had revenue of $228.54 million during the quarter, compared to the consensus estimate of $231.72 million. CarGurus had a net margin of 2.34% and a return on equity of 27.14%. On average, equities analysts predict that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its position in CarGurus by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 42,500 shares of the company's stock valued at $1,553,000 after buying an additional 300 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of CarGurus by 4.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 9,075 shares of the company's stock worth $332,000 after acquiring an additional 423 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of CarGurus by 82.7% in the fourth quarter. Principal Securities Inc. now owns 937 shares of the company's stock valued at $34,000 after purchasing an additional 424 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of CarGurus by 100.0% during the fourth quarter. Fifth Third Bancorp now owns 912 shares of the company's stock valued at $33,000 after purchasing an additional 456 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in CarGurus by 6.6% during the fourth quarter. QRG Capital Management Inc. now owns 7,687 shares of the company's stock worth $281,000 after purchasing an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have commented on CARG. UBS Group cut their target price on CarGurus from $36.00 to $29.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Oppenheimer cut their price target on shares of CarGurus from $44.00 to $42.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. JMP Securities lowered their price objective on CarGurus from $43.00 to $38.00 and set a "market outperform" rating for the company in a research report on Wednesday, April 9th. Needham & Company LLC restated a "buy" rating and set a $45.00 target price on shares of CarGurus in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. lowered CarGurus from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $42.00 to $34.00 in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $37.14.
Read Our Latest Research Report on CarGurus
CarGurus Company Profile
(
Get Free Report)
CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.
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