Oliver Ian Chrzan Sells 20,000 Shares of CarGurus Inc (CARG) Stock

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CarGurus Inc (NASDAQ:CARG) insider Oliver Ian Chrzan sold 20,000 shares of the company’s stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $40.97, for a total transaction of $819,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Oliver Ian Chrzan also recently made the following trade(s):

  • On Friday, January 25th, Oliver Ian Chrzan sold 100,000 shares of CarGurus stock. The stock was sold at an average price of $40.29, for a total transaction of $4,029,000.00.
  • On Wednesday, January 23rd, Oliver Ian Chrzan sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $38.52, for a total transaction of $770,400.00.
  • On Wednesday, January 16th, Oliver Ian Chrzan sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $36.18, for a total transaction of $723,600.00.
  • On Wednesday, January 9th, Oliver Ian Chrzan sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $35.84, for a total transaction of $716,800.00.
  • On Wednesday, January 2nd, Oliver Ian Chrzan sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $32.96, for a total transaction of $659,200.00.
  • On Wednesday, December 26th, Oliver Ian Chrzan sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $32.21, for a total transaction of $644,200.00.
  • On Wednesday, December 19th, Oliver Ian Chrzan sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $33.68, for a total transaction of $673,600.00.
  • On Wednesday, December 12th, Oliver Ian Chrzan sold 70,000 shares of CarGurus stock. The shares were sold at an average price of $35.42, for a total transaction of $2,479,400.00.
  • On Friday, December 7th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $35.69, for a total transaction of $214,140.00.
  • On Friday, November 30th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $39.31, for a total transaction of $235,860.00.

NASDAQ:CARG traded up $1.11 during mid-day trading on Thursday, reaching $42.77. 417,432 shares of the company’s stock were exchanged, compared to its average volume of 557,449. CarGurus Inc has a one year low of $28.52 and a one year high of $57.25. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 356.50, a P/E/G ratio of 42.91 and a beta of 1.74.

CarGurus (NASDAQ:CARG) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. CarGurus had a net margin of 11.78% and a return on equity of 9.82%. The business had revenue of $119.04 million for the quarter, compared to analyst estimates of $112.70 million. During the same period last year, the firm earned $0.02 earnings per share. CarGurus’s revenue for the quarter was up 43.4% compared to the same quarter last year. As a group, analysts anticipate that CarGurus Inc will post 0.13 EPS for the current fiscal year.

CARG has been the topic of several research analyst reports. BidaskClub lowered shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Saturday, October 13th. Royal Bank of Canada increased their price objective on shares of CarGurus from $55.00 to $59.00 and gave the company an “outperform” rating in a research report on Thursday, November 8th. ValuEngine raised shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Zacks Investment Research raised shares of CarGurus from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Wednesday, November 14th. Finally, BTIG Research initiated coverage on shares of CarGurus in a research report on Tuesday, November 13th. They issued a “buy” rating and a $48.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $49.00.

Large investors have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC bought a new position in CarGurus during the fourth quarter worth about $78,000. Cubist Systematic Strategies LLC bought a new position in CarGurus during the second quarter worth about $205,000. NEXT Financial Group Inc bought a new position in CarGurus during the third quarter worth about $206,000. CIBC Asset Management Inc bought a new position in CarGurus during the third quarter worth about $209,000. Finally, LPL Financial LLC bought a new position in CarGurus during the third quarter worth about $234,000. 68.69% of the stock is currently owned by institutional investors and hedge funds.

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CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars worldwide. The company's marketplace enables users with third-party validation on pricing, dealer reputation, and other information. As of June 30, 2017, it had an active dealer network of approximately 40,000 dealers; and approximately 5.4 million car listings.

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

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