CarGurus Inc (NASDAQ:CARG) CEO Langley Steinert sold 71,753 shares of the stock in a transaction on Friday, November 9th. The stock was sold at an average price of $43.39, for a total value of $3,113,362.67. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Langley Steinert also recently made the following trade(s):

  • On Tuesday, December 4th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $37.50, for a total value of $4,402,725.00.
  • On Wednesday, November 7th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $41.55, for a total value of $4,878,219.30.
  • On Monday, November 5th, Langley Steinert sold 176,109 shares of CarGurus stock. The stock was sold at an average price of $44.10, for a total value of $7,766,406.90.
  • On Tuesday, October 9th, Langley Steinert sold 130,456 shares of CarGurus stock. The stock was sold at an average price of $48.43, for a total value of $6,317,984.08.
  • On Thursday, October 4th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $51.41, for a total value of $6,035,842.46.
  • On Tuesday, October 2nd, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $53.19, for a total value of $6,244,825.14.
  • On Tuesday, September 11th, Langley Steinert sold 176,109 shares of CarGurus stock. The stock was sold at an average price of $49.30, for a total value of $8,682,173.70.
  • On Thursday, September 6th, Langley Steinert sold 176,109 shares of CarGurus stock. The stock was sold at an average price of $48.16, for a total value of $8,481,409.44.

Shares of NASDAQ:CARG traded down $2.07 on Friday, hitting $35.34. The company’s stock had a trading volume of 654,542 shares, compared to its average volume of 791,785. CarGurus Inc has a 1 year low of $28.52 and a 1 year high of $57.25. The stock has a market cap of $4.12 billion, a P/E ratio of 294.50, a PEG ratio of 57.55 and a beta of 1.83.

CarGurus (NASDAQ:CARG) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. CarGurus had a return on equity of 9.82% and a net margin of 11.78%. The firm had revenue of $119.04 million for the quarter, compared to analysts’ expectations of $112.70 million. During the same quarter last year, the firm posted $0.02 EPS. The company’s revenue was up 43.4% compared to the same quarter last year. As a group, equities analysts expect that CarGurus Inc will post 0.13 earnings per share for the current fiscal year.

A number of analysts recently issued reports on CARG shares. Citigroup started coverage on CarGurus in a report on Friday. They set a “buy” rating and a $45.00 price objective on the stock. SunTrust Banks started coverage on CarGurus in a report on Monday, November 19th. They set a “buy” rating and a $49.00 price objective on the stock. Zacks Investment Research raised CarGurus from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Wednesday, November 14th. BTIG Research started coverage on CarGurus in a report on Tuesday, November 13th. They set a “buy” rating and a $48.00 price objective on the stock. Finally, ValuEngine raised CarGurus from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $50.75.

Several large investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. increased its position in shares of CarGurus by 347.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 124,871 shares of the company’s stock valued at $4,339,000 after purchasing an additional 96,985 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of CarGurus by 470.2% during the 2nd quarter. Wells Fargo & Company MN now owns 389,552 shares of the company’s stock valued at $13,532,000 after purchasing an additional 321,230 shares during the last quarter. TD Asset Management Inc. increased its position in shares of CarGurus by 66.0% during the 2nd quarter. TD Asset Management Inc. now owns 68,471 shares of the company’s stock valued at $2,378,000 after purchasing an additional 27,220 shares during the last quarter. Calamos Advisors LLC bought a new position in shares of CarGurus during the 3rd quarter valued at about $292,000. Finally, Allen Investment Management LLC bought a new position in shares of CarGurus during the 3rd quarter valued at about $371,000. 68.67% of the stock is currently owned by hedge funds and other institutional investors.

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About CarGurus

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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