CarGurus Inc (CARG) Director Anastasios Parafestas Sells 80,000 Shares

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CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $35.82, for a total transaction of $2,865,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Monday, May 20th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $36.38, for a total transaction of $2,910,400.00.
  • On Thursday, May 16th, Anastasios Parafestas sold 71,596 shares of CarGurus stock. The shares were sold at an average price of $37.25, for a total transaction of $2,666,951.00.
  • On Tuesday, May 14th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The shares were sold at an average price of $38.89, for a total transaction of $2,333,400.00.
  • On Friday, May 10th, Anastasios Parafestas sold 78,708 shares of CarGurus stock. The shares were sold at an average price of $39.88, for a total transaction of $3,138,875.04.
  • On Tuesday, May 7th, Anastasios Parafestas sold 42,103 shares of CarGurus stock. The shares were sold at an average price of $40.37, for a total transaction of $1,699,698.11.
  • On Friday, May 3rd, Anastasios Parafestas sold 54,200 shares of CarGurus stock. The shares were sold at an average price of $40.32, for a total transaction of $2,185,344.00.
  • On Wednesday, May 1st, Anastasios Parafestas sold 102,978 shares of CarGurus stock. The shares were sold at an average price of $40.41, for a total transaction of $4,161,340.98.
  • On Monday, April 29th, Anastasios Parafestas sold 84,521 shares of CarGurus stock. The shares were sold at an average price of $39.49, for a total transaction of $3,337,734.29.
  • On Thursday, April 25th, Anastasios Parafestas sold 96,000 shares of CarGurus stock. The shares were sold at an average price of $37.84, for a total transaction of $3,632,640.00.
  • On Tuesday, April 23rd, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $36.78, for a total transaction of $2,942,400.00.

Shares of CARG opened at $35.10 on Friday. The company has a market capitalization of $3.89 billion, a PE ratio of 61.58, a price-to-earnings-growth ratio of 7.04 and a beta of 1.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.74 and a quick ratio of 2.74. CarGurus Inc has a fifty-two week low of $30.29 and a fifty-two week high of $57.25.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.09. The firm had revenue of $135.30 million during the quarter, compared to analyst estimates of $129.54 million. CarGurus had a net margin of 13.94% and a return on equity of 18.43%. The business’s quarterly revenue was up 37.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. Equities research analysts expect that CarGurus Inc will post 0.23 earnings per share for the current year.

Several equities research analysts have issued reports on CARG shares. Zacks Investment Research upgraded shares of CarGurus from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Wednesday, March 20th. BTIG Research dropped their target price on shares of CarGurus to $48.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Benchmark reiterated a “buy” rating and set a $51.00 target price on shares of CarGurus in a research report on Friday, May 10th. Goldman Sachs Group upgraded shares of CarGurus from a “neutral” rating to a “buy” rating and lifted their target price for the company from $43.00 to $48.00 in a research report on Monday, March 18th. Finally, BidaskClub upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Thursday, January 31st. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. CarGurus presently has a consensus rating of “Buy” and an average price target of $49.08.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Clearbridge Investments LLC increased its position in CarGurus by 47.0% during the 1st quarter. Clearbridge Investments LLC now owns 492,882 shares of the company’s stock valued at $19,745,000 after purchasing an additional 157,619 shares during the period. FMR LLC increased its position in CarGurus by 0.7% during the 1st quarter. FMR LLC now owns 10,915,766 shares of the company’s stock valued at $437,286,000 after purchasing an additional 79,685 shares during the period. BlueMountain Capital Management LLC purchased a new position in CarGurus during the 1st quarter valued at $3,390,000. Jane Street Group LLC purchased a new position in CarGurus during the 1st quarter valued at $292,000. Finally, Man Group plc purchased a new position in CarGurus during the 1st quarter valued at $1,804,000. Hedge funds and other institutional investors own 71.94% of the company’s stock.

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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.

Read More: Why do company’s buyback their stock?

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

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