CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 40,100 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $36.18, for a total value of $1,450,818.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, April 16th, Anastasios Parafestas sold 41,580 shares of CarGurus stock. The shares were sold at an average price of $40.62, for a total value of $1,688,979.60.
  • On Friday, April 12th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The shares were sold at an average price of $40.23, for a total value of $2,413,800.00.
  • On Wednesday, April 10th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The shares were sold at an average price of $39.22, for a total value of $2,353,200.00.
  • On Monday, April 8th, Anastasios Parafestas sold 66,600 shares of CarGurus stock. The shares were sold at an average price of $41.25, for a total value of $2,747,250.00.
  • On Thursday, April 4th, Anastasios Parafestas sold 104,400 shares of CarGurus stock. The shares were sold at an average price of $41.14, for a total value of $4,295,016.00.
  • On Tuesday, April 2nd, Anastasios Parafestas sold 42,260 shares of CarGurus stock. The shares were sold at an average price of $40.29, for a total value of $1,702,655.40.
  • On Friday, March 29th, Anastasios Parafestas sold 102,929 shares of CarGurus stock. The shares were sold at an average price of $39.48, for a total value of $4,063,636.92.
  • On Wednesday, March 27th, Anastasios Parafestas sold 99,912 shares of CarGurus stock. The shares were sold at an average price of $38.86, for a total value of $3,882,580.32.
  • On Monday, March 25th, Anastasios Parafestas sold 149,510 shares of CarGurus stock. The shares were sold at an average price of $37.87, for a total value of $5,661,943.70.
  • On Thursday, March 21st, Anastasios Parafestas sold 68,582 shares of CarGurus stock. The shares were sold at an average price of $39.36, for a total value of $2,699,387.52.

Shares of NASDAQ:CARG opened at $36.30 on Monday. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 63.68, a PEG ratio of 33.00 and a beta of 1.93. CarGurus Inc has a 52-week low of $29.18 and a 52-week high of $57.25.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, February 28th. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.07. CarGurus had a return on equity of 15.03% and a net margin of 13.10%. The firm had revenue of $126.09 million for the quarter, compared to analysts’ expectations of $122.13 million. As a group, equities analysts anticipate that CarGurus Inc will post 0.22 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of CarGurus by 8.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 152,439 shares of the company’s stock valued at $8,489,000 after buying an additional 12,174 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of CarGurus by 13.6% during the 4th quarter. Geode Capital Management LLC now owns 824,067 shares of the company’s stock valued at $27,795,000 after buying an additional 98,854 shares in the last quarter. 361 Capital LLC purchased a new position in shares of CarGurus during the 4th quarter valued at about $2,336,000. United Services Automobile Association purchased a new position in shares of CarGurus during the 3rd quarter valued at about $240,000. Finally, Strs Ohio lifted its position in shares of CarGurus by 23.8% during the 4th quarter. Strs Ohio now owns 28,600 shares of the company’s stock valued at $964,000 after buying an additional 5,500 shares in the last quarter. 72.05% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on the company. BTIG Research dropped their target price on CarGurus to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. BidaskClub raised CarGurus from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Zacks Investment Research cut CarGurus from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. DA Davidson set a $54.00 target price on CarGurus and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Finally, Goldman Sachs Group raised CarGurus from a “neutral” rating to a “buy” rating and raised their target price for the stock from $43.00 to $48.00 in a research report on Monday, March 18th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. CarGurus presently has a consensus rating of “Buy” and a consensus target price of $49.27.

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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.

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