CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 60,000 shares of CarGurus stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $40.23, for a total transaction of $2,413,800.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Wednesday, April 10th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The stock was sold at an average price of $39.22, for a total transaction of $2,353,200.00.
  • On Monday, April 8th, Anastasios Parafestas sold 66,600 shares of CarGurus stock. The stock was sold at an average price of $41.25, for a total transaction of $2,747,250.00.
  • On Thursday, April 4th, Anastasios Parafestas sold 104,400 shares of CarGurus stock. The stock was sold at an average price of $41.14, for a total transaction of $4,295,016.00.
  • On Tuesday, April 2nd, Anastasios Parafestas sold 42,260 shares of CarGurus stock. The stock was sold at an average price of $40.29, for a total transaction of $1,702,655.40.
  • On Friday, March 29th, Anastasios Parafestas sold 102,929 shares of CarGurus stock. The stock was sold at an average price of $39.48, for a total transaction of $4,063,636.92.
  • On Wednesday, March 27th, Anastasios Parafestas sold 99,912 shares of CarGurus stock. The stock was sold at an average price of $38.86, for a total transaction of $3,882,580.32.
  • On Monday, March 25th, Anastasios Parafestas sold 149,510 shares of CarGurus stock. The stock was sold at an average price of $37.87, for a total transaction of $5,661,943.70.
  • On Thursday, March 21st, Anastasios Parafestas sold 68,582 shares of CarGurus stock. The stock was sold at an average price of $39.36, for a total transaction of $2,699,387.52.
  • On Tuesday, March 19th, Anastasios Parafestas sold 151,519 shares of CarGurus stock. The stock was sold at an average price of $39.16, for a total transaction of $5,933,484.04.
  • On Friday, March 15th, Anastasios Parafestas sold 109,111 shares of CarGurus stock. The stock was sold at an average price of $38.92, for a total transaction of $4,246,600.12.

Shares of CarGurus stock traded up $0.01 during trading hours on Monday, reaching $41.00. The stock had a trading volume of 427,759 shares, compared to its average volume of 683,182. The company has a market cap of $4.41 billion, a P/E ratio of 71.93, a price-to-earnings-growth ratio of 36.18 and a beta of 1.93. CarGurus Inc has a twelve month low of $29.18 and a twelve month high of $57.25.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings data on Thursday, February 28th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $126.09 million during the quarter, compared to the consensus estimate of $122.13 million. CarGurus had a net margin of 13.10% and a return on equity of 15.03%. As a group, sell-side analysts expect that CarGurus Inc will post 0.22 earnings per share for the current fiscal year.

CARG has been the subject of several research reports. BidaskClub upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Oppenheimer assumed coverage on shares of CarGurus in a research report on Tuesday, January 8th. They set a “buy” rating and a $42.00 target price for the company. Zacks Investment Research upgraded shares of CarGurus from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Friday, March 1st. Benchmark restated a “buy” rating and set a $50.00 target price on shares of CarGurus in a research report on Friday, March 1st. Finally, Citigroup boosted their target price on shares of CarGurus from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. CarGurus currently has a consensus rating of “Buy” and a consensus price target of $49.27.

Hedge funds have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc purchased a new stake in shares of CarGurus during the fourth quarter worth about $30,000. Quantamental Technologies LLC purchased a new stake in CarGurus during the 4th quarter valued at about $78,000. LPL Financial LLC purchased a new stake in CarGurus during the 3rd quarter valued at about $234,000. United Services Automobile Association purchased a new stake in CarGurus during the 3rd quarter valued at about $240,000. Finally, Raymond James Trust N.A. purchased a new stake in CarGurus during the 1st quarter valued at about $203,000. 72.05% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “CarGurus Inc (CARG) Director Anastasios Parafestas Sells 60,000 Shares” was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://theolympiareport.com/2019/04/15/cargurus-inc-carg-director-anastasios-parafestas-sells-60000-shares.html.

CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States, Canada, the United Kingdom, Germany, Italy, and Spain. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace.

Recommended Story: How to interpret the current ratio

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

Receive News & Ratings for CarGurus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarGurus and related companies with MarketBeat.com's FREE daily email newsletter.