Insider Selling: CarGurus Inc (NASDAQ:CARG) Director Sells 188,049 Shares of Stock

CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 188,049 shares of CarGurus stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $38.69, for a total value of $7,275,615.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, July 17th, Anastasios Parafestas sold 74,582 shares of CarGurus stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $35.95, for a total value of $1,078,500.00.
  • On Wednesday, July 3rd, Anastasios Parafestas sold 45,000 shares of CarGurus stock. The stock was sold at an average price of $36.07, for a total value of $1,623,150.00.
  • On Friday, June 28th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The stock was sold at an average price of $35.77, for a total value of $2,861,600.00.
  • On Wednesday, June 26th, Anastasios Parafestas sold 86,482 shares of CarGurus stock. The stock was sold at an average price of $36.85, for a total value of $3,186,861.70.
  • On Thursday, June 20th, Anastasios Parafestas sold 131,000 shares of CarGurus stock. The shares were sold at an average price of $38.53, for a total value of $5,047,430.00.
  • On Tuesday, June 18th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $36.26, for a total value of $2,900,800.00.
  • On Friday, June 14th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The shares were sold at an average price of $35.71, for a total value of $1,071,300.00.

CARG traded down $0.10 during trading on Thursday, hitting $36.22. The stock had a trading volume of 426,867 shares, compared to its average volume of 864,921. The stock has a 50 day simple moving average of $36.14. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 63.54, a price-to-earnings-growth ratio of 4.12 and a beta of 1.83. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.25. CarGurus Inc has a one year low of $30.29 and a one year high of $57.25.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, May 9th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. CarGurus had a return on equity of 18.43% and a net margin of 13.94%. The firm had revenue of $135.30 million during the quarter, compared to the consensus estimate of $129.54 million. During the same period in the prior year, the company posted $0.06 EPS. The company’s revenue was up 37.2% compared to the same quarter last year. As a group, sell-side analysts expect that CarGurus Inc will post 0.23 EPS for the current fiscal year.

CARG has been the topic of several recent analyst reports. SunTrust Banks cut their price objective on EOG Resources to $120.00 and set a “buy” rating on the stock in a report on Wednesday, June 12th. Cowen initiated coverage on TrueCar in a report on Monday, May 20th. They set a “hold” rating and a $7.00 price objective on the stock. Benchmark reiterated a “buy” rating and set a $18.00 price objective on shares of TEGNA in a report on Friday, May 10th. Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, DA Davidson set a $54.00 target price on CarGurus and gave the company a “buy” rating in a research report on Tuesday, March 26th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. CarGurus presently has a consensus rating of “Buy” and an average target price of $48.92.

A number of institutional investors and hedge funds have recently modified their holdings of CARG. Geode Capital Management LLC increased its position in shares of CarGurus by 13.6% during the fourth quarter. Geode Capital Management LLC now owns 824,067 shares of the company’s stock valued at $27,795,000 after acquiring an additional 98,854 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in CarGurus by 4.1% in the first quarter. The Manufacturers Life Insurance Company now owns 7,494,720 shares of the company’s stock worth $300,238,000 after buying an additional 295,775 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in CarGurus by 356.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,934 shares of the company’s stock worth $537,000 after buying an additional 12,444 shares during the last quarter. NEXT Financial Group Inc grew its position in shares of CarGurus by 50.1% in the fourth quarter. NEXT Financial Group Inc now owns 5,555 shares of the company’s stock valued at $187,000 after purchasing an additional 1,855 shares in the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new position in shares of CarGurus in the fourth quarter valued at $30,000. 74.79% of the stock is owned by institutional investors and hedge funds.

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.

Featured Story: What is the Dow Jones Industrial Average (DJIA)?

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.