CarGurus Inc (NASDAQ:CARG) COO Samuel Zales sold 18,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $35.47, for a total value of $638,460.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Samuel Zales also recently made the following trade(s):
- On Monday, May 13th, Samuel Zales sold 18,000 shares of CarGurus stock. The stock was sold at an average price of $38.59, for a total value of $694,620.00.
- On Thursday, April 11th, Samuel Zales sold 18,000 shares of CarGurus stock. The stock was sold at an average price of $39.96, for a total value of $719,280.00.
CARG traded up $0.17 during trading on Friday, hitting $35.86. The company’s stock had a trading volume of 20,190 shares, compared to its average volume of 1,030,001. CarGurus Inc has a twelve month low of $30.29 and a twelve month high of $57.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.74 and a current ratio of 2.74. The firm has a market cap of $3.91 billion, a PE ratio of 62.37, a price-to-earnings-growth ratio of 6.92 and a beta of 1.95.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded CarGurus from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Wednesday, March 20th. DA Davidson set a $54.00 target price on CarGurus and gave the company a “buy” rating in a report on Tuesday, March 26th. Benchmark reiterated a “buy” rating and issued a $51.00 target price on shares of CarGurus in a report on Friday, May 10th. Goldman Sachs Group upgraded CarGurus from a “neutral” rating to a “buy” rating and upped their target price for the company from $43.00 to $48.00 in a report on Monday, March 18th. Finally, BidaskClub cut CarGurus from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $49.25.
A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of CarGurus by 209.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 247,319 shares of the company’s stock worth $13,773,000 after acquiring an additional 167,404 shares during the period. Rhumbline Advisers grew its stake in shares of CarGurus by 50.2% during the fourth quarter. Rhumbline Advisers now owns 65,084 shares of the company’s stock worth $2,195,000 after purchasing an additional 21,745 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of CarGurus during the fourth quarter worth $2,007,000. State Board of Administration of Florida Retirement System grew its stake in shares of CarGurus by 26.4% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 21,702 shares of the company’s stock worth $732,000 after purchasing an additional 4,536 shares in the last quarter. Finally, ClariVest Asset Management LLC grew its stake in shares of CarGurus by 63.1% during the fourth quarter. ClariVest Asset Management LLC now owns 41,651 shares of the company’s stock worth $1,406,000 after purchasing an additional 16,116 shares in the last quarter. 74.84% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4371645/samuel-zales-sells-18000-shares-of-cargurus-inc-nasdaqcarg-stock.html.
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 Article: Marijuana Stocks Investing Considerations
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.