CarGurus Inc (NASDAQ:CARG) CFO Jason Trevisan sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $35.51, for a total transaction of $1,065,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, June 11th, Jason Trevisan sold 18,000 shares of CarGurus stock. The shares were sold at an average price of $34.69, for a total transaction of $624,420.00.
  • On Thursday, May 10th, Jason Trevisan sold 17,000 shares of CarGurus stock. The shares were sold at an average price of $33.13, for a total transaction of $563,210.00.

Shares of CarGurus traded up $0.35, hitting $35.83, during trading on Wednesday, Marketbeat reports. 338,553 shares of the stock were exchanged, compared to its average volume of 545,984. The stock has a market cap of $3.94 billion and a P/E ratio of 298.58. CarGurus Inc has a 12-month low of $25.85 and a 12-month high of $40.60.

CarGurus (NASDAQ:CARG) last released its quarterly earnings data on Thursday, May 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The firm had revenue of $98.70 million for the quarter, compared to analysts’ expectations of $94.15 million. The firm’s quarterly revenue was up 47.3% on a year-over-year basis. sell-side analysts expect that CarGurus Inc will post 0.11 earnings per share for the current year.

Several equities analysts have commented on the stock. BidaskClub raised shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. Benchmark raised their price target on shares of CarGurus from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Sunday, May 6th. Zacks Investment Research cut shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. DA Davidson raised shares of CarGurus from a “neutral” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Tuesday, May 1st. They noted that the move was a valuation call. Finally, ValuEngine cut shares of CarGurus from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $35.80.

Several institutional investors have recently added to or reduced their stakes in CARG. Arrowstreet Capital Limited Partnership purchased a new stake in shares of CarGurus during the 4th quarter worth $271,000. A.R.T. Advisors LLC purchased a new stake in shares of CarGurus during the 1st quarter worth $290,000. Skye Global Management LP purchased a new stake in shares of CarGurus during the 1st quarter worth $308,000. Millennium Management LLC purchased a new stake in shares of CarGurus during the 1st quarter worth $499,000. Finally, Verition Fund Management LLC purchased a new stake in shares of CarGurus during the 1st quarter worth $518,000. 50.56% of the stock is owned by institutional investors and hedge funds.

CarGurus Company Profile

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.

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

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