CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 13,002 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $32.17, for a total value of $418,274.34. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Wednesday, August 7th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $32.91, for a total value of $658,200.00.
  • On Thursday, August 1st, Anastasios Parafestas sold 55,000 shares of CarGurus stock. The shares were sold at an average price of $37.40, for a total value of $2,057,000.00.
  • On Tuesday, July 30th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $36.85, for a total value of $2,948,000.00.
  • On Friday, July 26th, Anastasios Parafestas sold 75,900 shares of CarGurus stock. The shares were sold at an average price of $36.57, for a total value of $2,775,663.00.
  • On Wednesday, July 24th, Anastasios Parafestas sold 111,400 shares of CarGurus stock. The shares were sold at an average price of $35.65, for a total value of $3,971,410.00.
  • On Friday, July 19th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $36.05, for a total value of $2,884,000.00.
  • On Wednesday, July 17th, Anastasios Parafestas sold 74,582 shares of CarGurus stock. The shares were sold at an average price of $37.07, for a total value of $2,764,754.74.
  • On Friday, July 12th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The shares were sold at an average price of $37.54, for a total value of $1,126,200.00.
  • On Wednesday, July 10th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The shares were sold at an average price of $36.81, for a total value of $1,104,300.00.
  • On Monday, July 8th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The shares were sold at an average price of $35.95, for a total value of $1,078,500.00.

CarGurus stock traded down $0.38 during mid-day trading on Thursday, hitting $30.81. The company’s stock had a trading volume of 11,218 shares, compared to its average volume of 839,632. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 54.47, a PEG ratio of 3.56 and a beta of 1.83. CarGurus Inc has a 1 year low of $30.22 and a 1 year high of $57.25. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average price of $35.66.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. The company had revenue of $145.03 million during the quarter, compared to analyst estimates of $140.67 million. CarGurus had a return on equity of 17.12% and a net margin of 8.22%. The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 earnings per share. As a group, analysts predict that CarGurus Inc will post 0.24 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Nuveen Asset Management LLC acquired a new stake in CarGurus in the second quarter valued at $26,835,000. UBS Asset Management Americas Inc. raised its stake in CarGurus by 717.7% in the second quarter. UBS Asset Management Americas Inc. now owns 45,022 shares of the company’s stock valued at $1,626,000 after buying an additional 39,516 shares in the last quarter. CSat Investment Advisory L.P. acquired a new stake in CarGurus in the second quarter valued at $90,000. Point72 Hong Kong Ltd raised its stake in CarGurus by 2,651.8% in the second quarter. Point72 Hong Kong Ltd now owns 2,284 shares of the company’s stock valued at $82,000 after buying an additional 2,201 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in CarGurus by 185.4% in the second quarter. Cubist Systematic Strategies LLC now owns 41,610 shares of the company’s stock valued at $1,503,000 after buying an additional 27,030 shares in the last quarter. Institutional investors own 75.46% of the company’s stock.

Several research firms recently commented on CARG. Cowen began coverage on CarGurus in a report on Monday, May 20th. They issued a “market perform” rating and a $42.00 price target for the company. SunTrust Banks reaffirmed a “buy” rating and issued a $54.00 price target on shares of CarGurus in a report on Wednesday, June 12th. BTIG Research cut their price target on CarGurus to $48.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. JMP Securities cut their price target on CarGurus to $50.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, Benchmark reaffirmed a “buy” rating and issued a $51.00 price target on shares of CarGurus in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $48.42.

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.

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