CarGurus Inc (CARG) Insider Sells $297,780.00 in Stock

CarGurus Inc (NASDAQ:CARG) insider Oliver Ian Chrzan sold 6,000 shares of the company’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $49.63, for a total value of $297,780.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Oliver Ian Chrzan also recently made the following trade(s):

  • On Friday, August 17th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $49.72, for a total value of $298,320.00.
  • On Monday, August 13th, Oliver Ian Chrzan sold 30,000 shares of CarGurus stock. The stock was sold at an average price of $51.54, for a total value of $1,546,200.00.
  • On Friday, August 3rd, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $44.29, for a total value of $265,740.00.
  • On Friday, July 27th, Oliver Ian Chrzan sold 54,000 shares of CarGurus stock. The stock was sold at an average price of $40.13, for a total value of $2,167,020.00.
  • On Friday, July 20th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $37.45, for a total value of $224,700.00.
  • On Friday, July 13th, Oliver Ian Chrzan sold 18,000 shares of CarGurus stock. The stock was sold at an average price of $37.05, for a total value of $666,900.00.
  • On Friday, June 29th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $34.63, for a total value of $207,780.00.
  • On Friday, June 22nd, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $34.49, for a total value of $206,940.00.
  • On Friday, June 15th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $35.11, for a total value of $210,660.00.
  • On Monday, June 11th, Oliver Ian Chrzan sold 1,472 shares of CarGurus stock. The stock was sold at an average price of $35.00, for a total value of $51,520.00.

Shares of CARG stock traded down $0.03 during mid-day trading on Monday, hitting $49.94. 710,700 shares of the stock were exchanged, compared to its average volume of 612,799. CarGurus Inc has a 52-week low of $25.85 and a 52-week high of $56.17. The firm has a market cap of $5.47 billion and a P/E ratio of 416.67.

CarGurus (NASDAQ:CARG) last posted its earnings results on Tuesday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The business had revenue of $110.33 million for the quarter, compared to analyst estimates of $103.84 million. CarGurus had a net margin of 10.34% and a return on equity of 12.60%. research analysts expect that CarGurus Inc will post 0.1 EPS for the current year.

A number of equities analysts have recently issued reports on CARG shares. Benchmark reaffirmed a “buy” rating and set a $44.00 price target (up from $42.00) on shares of CarGurus in a research report on Monday, April 30th. ValuEngine downgraded CarGurus from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. DA Davidson raised CarGurus from a “neutral” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Tuesday, May 1st. They noted that the move was a valuation call. Zacks Investment Research raised CarGurus from a “sell” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Tuesday, May 1st. Finally, BidaskClub raised CarGurus from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $44.17.

A number of institutional investors have recently modified their holdings of CARG. First Interstate Bank lifted its stake in CarGurus by 100,560.0% in the 2nd quarter. First Interstate Bank now owns 5,033 shares of the company’s stock valued at $175,000 after buying an additional 5,028 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in CarGurus in the 2nd quarter valued at about $205,000. NumerixS Investment Technologies Inc purchased a new position in CarGurus in the 2nd quarter valued at about $227,000. Amalgamated Bank purchased a new position in CarGurus in the 2nd quarter valued at about $261,000. Finally, A.R.T. Advisors LLC purchased a new position in CarGurus in the 1st quarter valued at about $290,000. 63.29% of the stock is currently owned by hedge funds and other institutional investors.

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

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