CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas Sells 12,977 Shares

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CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 12,977 shares of CarGurus stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $35.55, for a total transaction of $461,332.35.

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

  • On Tuesday, October 8th, Anastasios Parafestas sold 8,290 shares of CarGurus stock. The stock was sold at an average price of $28.68, for a total transaction of $237,757.20.
  • On Wednesday, October 2nd, Anastasios Parafestas sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $30.94, for a total transaction of $309,400.00.
  • On Friday, October 4th, Anastasios Parafestas sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $30.29, for a total transaction of $302,900.00.
  • On Monday, September 30th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $30.79, for a total transaction of $615,800.00.
  • On Thursday, September 26th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $30.24, for a total transaction of $604,800.00.
  • On Tuesday, September 24th, Anastasios Parafestas sold 11,593 shares of CarGurus stock. The shares were sold at an average price of $30.80, for a total transaction of $357,064.40.
  • On Friday, September 20th, Anastasios Parafestas sold 50,000 shares of CarGurus stock. The shares were sold at an average price of $33.48, for a total transaction of $1,674,000.00.
  • On Wednesday, September 18th, Anastasios Parafestas sold 50,000 shares of CarGurus stock. The shares were sold at an average price of $33.89, for a total transaction of $1,694,500.00.
  • On Tuesday, September 10th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $34.20, for a total transaction of $684,000.00.
  • On Thursday, September 12th, Anastasios Parafestas sold 15,206 shares of CarGurus stock. The stock was sold at an average price of $35.62, for a total transaction of $541,637.72.

Shares of CarGurus stock traded up $0.65 during trading on Friday, hitting $29.33. The stock had a trading volume of 705,759 shares, compared to its average volume of 1,140,889. The stock has a 50 day simple moving average of $32.11 and a 200 day simple moving average of $35.60. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.23. CarGurus Inc has a 1 year low of $28.65 and a 1 year high of $49.00. The company has a market capitalization of $3.92 billion, a PE ratio of 51.46, a P/E/G ratio of 2.92 and a beta of 1.87.

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

A number of research firms have weighed in on CARG. Needham & Company LLC began coverage on shares of CarGurus in a research note on Thursday, September 12th. They set a “hold” rating on the stock. JMP Securities cut their target price on shares of CarGurus to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. BidaskClub raised shares of CarGurus from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. Consumer Edge began coverage on shares of CarGurus in a research note on Friday, August 2nd. They issued an “overweight” rating on the stock. Finally, ValuEngine raised shares of CarGurus from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $48.42.

A number of large investors have recently modified their holdings of CARG. Geode Capital Management LLC grew its holdings in CarGurus by 13.6% during the 4th quarter. Geode Capital Management LLC now owns 824,067 shares of the company’s stock worth $27,795,000 after acquiring an additional 98,854 shares during the last quarter. Comerica Bank raised its position in shares of CarGurus by 7.2% in the 1st quarter. Comerica Bank now owns 18,632 shares of the company’s stock valued at $740,000 after acquiring an additional 1,248 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in CarGurus by 1.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,972 shares of the company’s stock worth $880,000 after buying an additional 270 shares during the period. Raymond James & Associates raised its holdings in CarGurus by 223.5% during the 1st quarter. Raymond James & Associates now owns 105,653 shares of the company’s stock worth $4,232,000 after buying an additional 72,996 shares during the period. Finally, First Trust Advisors LP raised its holdings in CarGurus by 24.4% during the 1st quarter. First Trust Advisors LP now owns 92,854 shares of the company’s stock worth $3,720,000 after buying an additional 18,225 shares during the period. 66.19% of the stock is currently owned by hedge funds and other institutional investors.

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

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