CarGurus Inc (NASDAQ:CARG) insider Oliver Ian Chrzan sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $35.84, for a total transaction of $716,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Wednesday, January 2nd, Oliver Ian Chrzan sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $32.96, for a total transaction of $659,200.00.
  • On Wednesday, December 26th, Oliver Ian Chrzan sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $32.21, for a total transaction of $644,200.00.
  • On Wednesday, December 19th, Oliver Ian Chrzan sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $33.68, for a total transaction of $673,600.00.
  • On Wednesday, December 12th, Oliver Ian Chrzan sold 70,000 shares of CarGurus stock. The stock was sold at an average price of $35.42, for a total transaction of $2,479,400.00.
  • On Friday, December 7th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $35.69, for a total transaction of $214,140.00.
  • On Friday, November 30th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $39.31, for a total transaction of $235,860.00.
  • On Friday, November 23rd, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $38.41, for a total transaction of $230,460.00.
  • On Friday, November 16th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $38.29, for a total transaction of $229,740.00.
  • On Tuesday, November 13th, Oliver Ian Chrzan sold 24,000 shares of CarGurus stock. The stock was sold at an average price of $41.88, for a total transaction of $1,005,120.00.
  • On Friday, November 9th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $41.74, for a total transaction of $250,440.00.

CARG stock opened at $36.08 on Friday. CarGurus Inc has a one year low of $28.52 and a one year high of $57.25. The firm has a market capitalization of $3.96 billion, a PE ratio of 300.67, a P/E/G ratio of 38.94 and a beta of 1.74.

CarGurus (NASDAQ:CARG) last released its earnings results on Wednesday, November 7th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. CarGurus had a net margin of 11.78% and a return on equity of 9.82%. The firm had revenue of $119.04 million for the quarter, compared to the consensus estimate of $112.70 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The company’s quarterly revenue was up 43.4% compared to the same quarter last year. As a group, research analysts expect that CarGurus Inc will post 0.13 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in CARG. FMR LLC lifted its holdings in shares of CarGurus by 99.4% in the second quarter. FMR LLC now owns 9,982,100 shares of the company’s stock worth $346,778,000 after buying an additional 4,975,737 shares in the last quarter. Hound Partners LLC purchased a new position in shares of CarGurus in the third quarter worth $190,790,000. BlackRock Inc. increased its position in CarGurus by 116,567.5% in the second quarter. BlackRock Inc. now owns 2,625,019 shares of the company’s stock worth $91,193,000 after purchasing an additional 2,622,769 shares during the last quarter. Vanguard Group Inc increased its position in CarGurus by 20.2% in the third quarter. Vanguard Group Inc now owns 4,512,695 shares of the company’s stock worth $251,312,000 after purchasing an additional 759,094 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in CarGurus by 20.2% in the third quarter. Vanguard Group Inc. now owns 4,512,695 shares of the company’s stock worth $251,312,000 after purchasing an additional 759,094 shares during the last quarter. 68.67% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on CARG shares. BTIG Research started coverage on shares of CarGurus in a research note on Tuesday, November 13th. They issued a “buy” rating and a $48.00 price target for the company. BidaskClub lowered shares of CarGurus from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. Citigroup initiated coverage on shares of CarGurus in a research report on Friday, December 7th. They set a “buy” rating and a $45.00 target price for the company. CIBC began coverage on shares of CarGurus in a research report on Wednesday. They set an “outperform” rating and a $42.00 target price for the company. Finally, ValuEngine raised shares of CarGurus from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. CarGurus currently has a consensus rating of “Buy” and a consensus price target of $49.00.

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

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