CarGurus Inc (NASDAQ:CARG) CEO Langley Steinert sold 117,406 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $37.50, for a total value of $4,402,725.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Friday, November 9th, Langley Steinert sold 71,753 shares of CarGurus stock. The shares were sold at an average price of $43.39, for a total value of $3,113,362.67.
  • On Wednesday, November 7th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $49.30, for a total value of $8,682,173.70.

CARG traded up $1.35 during trading on Thursday, reaching $37.41. 938,727 shares of the company were exchanged, compared to its average volume of 738,038. The company has a market cap of $3.97 billion, a P/E ratio of 311.75, a PEG ratio of 55.48 and a beta of 1.83. CarGurus Inc has a 52 week low of $28.52 and a 52 week high of $57.25.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. The firm had revenue of $119.04 million during the quarter, compared to the consensus estimate of $112.70 million. CarGurus had a return on equity of 9.82% and a net margin of 11.78%. The firm’s revenue was up 43.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.02 EPS. Equities analysts predict that CarGurus Inc will post 0.13 EPS for the current year.

Several research firms recently issued reports on CARG. SunTrust Banks began coverage on CarGurus in a research report on Monday, November 19th. They set a “buy” rating and a $49.00 price target on the stock. Royal Bank of Canada raised CarGurus from a “sector perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a research report on Wednesday, August 8th. BidaskClub lowered CarGurus from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 3rd. Zacks Investment Research lowered CarGurus from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Finally, JMP Securities raised CarGurus from a “market perform” rating to an “outperform” rating and set a $55.00 price target on the stock in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. CarGurus has an average rating of “Buy” and an average target price of $51.57.

Institutional investors and hedge funds have recently modified their holdings of the stock. NEXT Financial Group Inc bought a new position in CarGurus during the 3rd quarter worth $206,000. CIBC Asset Management Inc bought a new position in CarGurus during the 3rd quarter worth $209,000. LPL Financial LLC bought a new position in CarGurus during the 3rd quarter worth $234,000. United Services Automobile Association bought a new position in CarGurus during the 3rd quarter worth $240,000. Finally, Calamos Advisors LLC bought a new position in CarGurus during the 3rd quarter worth $292,000. Hedge funds and other institutional investors own 68.67% of the company’s stock.

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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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