CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 30,000 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $35.95, for a total transaction of $1,078,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Wednesday, July 10th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The stock was sold at an average price of $36.81, for a total transaction of $1,104,300.00.
  • On Wednesday, July 3rd, Anastasios Parafestas sold 45,000 shares of CarGurus stock. The stock was sold at an average price of $36.07, for a total transaction of $1,623,150.00.
  • On Friday, June 28th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The stock was sold at an average price of $35.77, for a total transaction of $2,861,600.00.
  • On Wednesday, June 26th, Anastasios Parafestas sold 86,482 shares of CarGurus stock. The stock was sold at an average price of $36.85, for a total transaction of $3,186,861.70.
  • On Monday, June 24th, Anastasios Parafestas sold 188,049 shares of CarGurus stock. The stock was sold at an average price of $38.69, for a total transaction of $7,275,615.81.
  • On Thursday, June 20th, Anastasios Parafestas sold 131,000 shares of CarGurus stock. The stock was sold at an average price of $38.53, for a total transaction of $5,047,430.00.
  • On Tuesday, June 18th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The stock was sold at an average price of $36.26, for a total transaction of $2,900,800.00.
  • On Friday, June 14th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The stock was sold at an average price of $35.71, for a total transaction of $1,071,300.00.
  • On Wednesday, June 12th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The stock was sold at an average price of $35.41, for a total transaction of $1,062,300.00.
  • On Monday, June 10th, Anastasios Parafestas sold 25,000 shares of CarGurus stock. The stock was sold at an average price of $35.26, for a total transaction of $881,500.00.

CARG stock opened at $37.46 on Friday. CarGurus Inc has a one year low of $30.29 and a one year high of $57.25. The firm has a market cap of $4.15 billion, a PE ratio of 65.72, a PEG ratio of 3.99 and a beta of 1.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.74 and a quick ratio of 2.74. The stock has a fifty day moving average price of $35.83.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $135.30 million during the quarter, compared to analysts’ expectations of $129.54 million. During the same quarter last year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was up 37.2% compared to the same quarter last year. Equities research analysts forecast that CarGurus Inc will post 0.23 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its stake 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 period. The Manufacturers Life Insurance Company lifted its stake 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 period. Hound Partners LLC lifted its stake in shares of CarGurus by 61.5% in the fourth quarter. Hound Partners LLC now owns 5,532,298 shares of the company’s stock valued at $186,604,000 after purchasing an additional 2,106,372 shares during the period. BlackRock Inc. lifted its stake 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 period. Finally, Lord Abbett & CO. LLC lifted its stake in shares of CarGurus by 50.2% in the fourth quarter. Lord Abbett & CO. LLC now owns 838,136 shares of the company’s stock valued at $28,270,000 after purchasing an additional 280,233 shares during the period. Hedge funds and other institutional investors own 74.79% of the company’s stock.

CARG has been the subject of several recent analyst reports. BTIG Research set a $14.00 target price on shares of ARBOR RLTY TR I/SH and gave the stock a “buy” rating in a research note on Wednesday, April 17th. DA Davidson set a $54.00 target price on shares of CarGurus and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Benchmark restated a “buy” rating and issued a $18.00 target price on shares of TEGNA in a research note on Friday, May 10th. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, TheStreet upgraded shares of Third Point Reinsurance from a “d+” rating to a “c-” rating in a research note on Tuesday, May 14th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $48.92.

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.

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