CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 69,064 shares of CarGurus stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $42.69, for a total transaction of $2,948,342.16. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Tuesday, October 16th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The stock was sold at an average price of $42.11, for a total transaction of $5,053,200.00.
  • On Friday, October 12th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The stock was sold at an average price of $42.41, for a total transaction of $5,089,200.00.
  • On Wednesday, October 10th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The stock was sold at an average price of $44.81, for a total transaction of $5,377,200.00.
  • On Monday, October 8th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The stock was sold at an average price of $48.67, for a total transaction of $5,840,400.00.
  • On Thursday, October 4th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The stock was sold at an average price of $51.39, for a total transaction of $6,166,800.00.
  • On Tuesday, October 2nd, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The shares were sold at an average price of $53.17, for a total transaction of $6,380,400.00.
  • On Friday, September 28th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The shares were sold at an average price of $55.53, for a total transaction of $6,663,600.00.
  • On Wednesday, September 26th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The shares were sold at an average price of $54.78, for a total transaction of $6,573,600.00.
  • On Monday, September 24th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The shares were sold at an average price of $52.02, for a total transaction of $6,242,400.00.
  • On Thursday, September 20th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The shares were sold at an average price of $51.71, for a total transaction of $6,205,200.00.

CARG traded up $2.66 on Thursday, reaching $42.79. 2,073,959 shares of the company’s stock were exchanged, compared to its average volume of 815,125. The firm has a market capitalization of $4.62 billion and a PE ratio of 356.56. CarGurus Inc has a twelve month low of $28.00 and a twelve month high of $57.25.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $119.04 million for the quarter, compared to analyst estimates of $112.70 million. CarGurus had a net margin of 10.34% and a return on equity of 12.60%. CarGurus’s quarterly revenue was up 43.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 earnings per share. Equities analysts anticipate that CarGurus Inc will post 0.1 EPS for the current year.

Hedge funds have recently modified their holdings of the company. First Interstate Bank lifted its holdings in shares of CarGurus by 100,560.0% in the 2nd quarter. First Interstate Bank now owns 5,033 shares of the company’s stock worth $175,000 after acquiring an additional 5,028 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in CarGurus during the 2nd quarter worth approximately $205,000. NEXT Financial Group Inc purchased a new stake in CarGurus during the 3rd quarter worth approximately $206,000. CIBC Asset Management Inc purchased a new stake in CarGurus during the 3rd quarter worth approximately $209,000. Finally, NumerixS Investment Technologies Inc purchased a new stake in CarGurus during the 2nd quarter worth approximately $227,000. Hedge funds and other institutional investors own 63.35% of the company’s stock.

CARG has been the subject of a number of research reports. Zacks Investment Research downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. ValuEngine upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Benchmark boosted their target price on shares of CarGurus from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. BidaskClub upgraded shares of CarGurus from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 26th. Finally, JMP Securities raised shares of CarGurus from a “market perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a report on Wednesday, August 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $53.20.

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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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