Shares of CarGurus Inc (NASDAQ:CARG) hit a new 52-week low during trading on Friday after an insider sold shares in the company. The stock traded as low as $24.80 and last traded at $25.80, with a volume of 2974271 shares. The stock had previously closed at $34.10.

Specifically, Director Ian G. Smith sold 117,732 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $39.75, for a total value of $4,679,847.00. Following the completion of the transaction, the director now directly owns 283,725 shares of the company’s stock, valued at approximately $11,278,068.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Sarah Amory Welch sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $36.80, for a total value of $92,000.00. Following the completion of the transaction, the chief marketing officer now directly owns 161,299 shares of the company’s stock, valued at $5,935,803.20. The disclosure for this sale can be found here. Insiders sold a total of 725,517 shares of company stock valued at $27,319,028 over the last three months. Insiders own 34.51% of the company’s stock.

Several research firms recently weighed in on CARG. Benchmark dropped their price objective on CarGurus from $51.00 to $42.00 and set a “buy” rating for the company in a research note on Friday. BTIG Research downgraded CarGurus from a “buy” rating to a “neutral” rating in a research note on Friday. Zacks Investment Research downgraded CarGurus from a “hold” rating to a “sell” rating in a research note on Thursday. BidaskClub downgraded CarGurus from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada dropped their price objective on CarGurus to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $47.90.

The company has a debt-to-equity ratio of 0.24, a current ratio of 2.85 and a quick ratio of 2.85. The firm has a 50-day simple moving average of $35.70 and a two-hundred day simple moving average of $34.76. The company has a market cap of $3.63 billion, a PE ratio of 70.91, a P/E/G ratio of 1.85 and a beta of 1.88.

CarGurus (NASDAQ:CARG) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. CarGurus had a return on equity of 18.30% and a net margin of 7.44%. Equities research analysts forecast that CarGurus Inc will post 0.35 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in CARG. NWK Group Inc. purchased a new position in CarGurus during the fourth quarter worth $30,000. Tower Research Capital LLC TRC increased its position in CarGurus by 208.6% during the third quarter. Tower Research Capital LLC TRC now owns 1,114 shares of the company’s stock worth $34,000 after buying an additional 753 shares in the last quarter. Victory Capital Management Inc. increased its position in CarGurus by 47.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,070 shares of the company’s stock worth $73,000 after buying an additional 668 shares in the last quarter. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of CarGurus in the third quarter valued at $148,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of CarGurus by 21.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,861 shares of the company’s stock valued at $150,000 after purchasing an additional 842 shares during the period. 80.42% of the stock is owned by institutional investors.

CarGurus Company Profile (NASDAQ:CARG)

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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