CarGurus Inc (NASDAQ:CARG) CEO Langley Steinert sold 117,406 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $33.15, for a total transaction of $3,892,008.90.

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

  • On Wednesday, September 11th, Langley Steinert sold 130,456 shares of CarGurus stock. The shares were sold at an average price of $34.23, for a total transaction of $4,465,508.88.
  • On Wednesday, September 4th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $32.03, for a total transaction of $3,760,514.18.
  • On Thursday, August 8th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $32.79, for a total transaction of $3,849,742.74.
  • On Tuesday, August 6th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $33.83, for a total transaction of $3,971,844.98.
  • On Friday, August 2nd, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $36.69, for a total transaction of $4,307,626.14.
  • On Wednesday, July 10th, Langley Steinert sold 130,456 shares of CarGurus stock. The shares were sold at an average price of $36.36, for a total transaction of $4,743,380.16.
  • On Friday, July 5th, Langley Steinert sold 58,703 shares of CarGurus stock. The shares were sold at an average price of $36.01, for a total transaction of $2,113,895.03.
  • On Wednesday, July 3rd, Langley Steinert sold 176,109 shares of CarGurus stock. The shares were sold at an average price of $36.05, for a total transaction of $6,348,729.45.

NASDAQ CARG opened at $34.37 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.68. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 60.30, a price-to-earnings-growth ratio of 3.33 and a beta of 1.88. The company’s 50-day simple moving average is $33.42 and its two-hundred day simple moving average is $36.78. CarGurus Inc has a one year low of $30.22 and a one year high of $57.25.

CarGurus (NASDAQ:CARG) last posted its earnings results on Tuesday, August 6th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $145.03 million for the quarter, compared to the consensus estimate of $140.67 million. CarGurus had a net margin of 8.22% and a return on equity of 17.12%. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. Equities analysts expect that CarGurus Inc will post 0.28 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on CARG shares. JMP Securities decreased their price objective on shares of CarGurus to $50.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Cowen started coverage on shares of CarGurus in a report on Monday, May 20th. They set a “market perform” rating and a $42.00 price objective for the company. BidaskClub upgraded shares of CarGurus from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Consumer Edge started coverage on shares of CarGurus in a report on Friday, August 2nd. They set an “overweight” rating for the company. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CarGurus currently has an average rating of “Buy” and a consensus target price of $48.42.

A number of hedge funds and other institutional investors have recently bought and sold shares of CARG. Advisor Group Inc. increased its position in CarGurus by 55.1% during the 2nd quarter. Advisor Group Inc. now owns 1,194 shares of the company’s stock valued at $42,000 after purchasing an additional 424 shares during the period. Point72 Hong Kong Ltd increased its position in CarGurus by 2,651.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,284 shares of the company’s stock valued at $82,000 after purchasing an additional 2,201 shares during the period. CSat Investment Advisory L.P. purchased a new position in CarGurus during the 2nd quarter valued at about $90,000. DekaBank Deutsche Girozentrale purchased a new position in CarGurus during the 1st quarter valued at about $136,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in CarGurus during the 2nd quarter valued at about $145,000. 66.59% of the stock is currently owned by institutional investors and hedge funds.

About CarGurus

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.

See Also: Exchange-Traded Funds (ETFs)

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

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