CarGurus (NASDAQ:CARG) CFO Jason Trevisan sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $34.69, for a total transaction of $624,420.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jason Trevisan also recently made the following trade(s):

  • On Thursday, May 10th, Jason Trevisan sold 17,000 shares of CarGurus stock. The shares were sold at an average price of $33.13, for a total transaction of $563,210.00.

Shares of CarGurus traded down $0.30, hitting $35.49, during midday trading on Thursday, Marketbeat Ratings reports. The stock had a trading volume of 42,969 shares, compared to its average volume of 479,938. The stock has a market capitalization of $3.73 billion and a PE ratio of 290.67. CarGurus has a fifty-two week low of $25.85 and a fifty-two week high of $40.60.

CarGurus (NASDAQ:CARG) last released its quarterly earnings data on Thursday, May 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. The company had revenue of $98.70 million for the quarter, compared to analyst estimates of $94.15 million. The company’s revenue for the quarter was up 47.3% on a year-over-year basis. sell-side analysts forecast that CarGurus will post 0.11 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. A.R.T. Advisors LLC acquired a new position in CarGurus during the 1st quarter worth approximately $290,000. Skye Global Management LP acquired a new position in CarGurus in the 1st quarter valued at approximately $308,000. Arrowstreet Capital Limited Partnership acquired a new position in CarGurus in the 4th quarter valued at approximately $271,000. Millennium Management LLC acquired a new position in CarGurus in the 1st quarter valued at approximately $499,000. Finally, Verition Fund Management LLC acquired a new position in CarGurus in the 1st quarter valued at approximately $518,000. Institutional investors and hedge funds own 50.56% of the company’s stock.

CARG has been the subject of several analyst reports. BidaskClub upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. Zacks Investment Research cut shares of CarGurus from a “hold” rating to a “sell” rating in a research report on Tuesday, March 6th. Benchmark initiated coverage on shares of CarGurus in a research report on Thursday, March 22nd. They issued a “buy” rating and a $42.00 target price for the company. DA Davidson initiated coverage on shares of CarGurus in a research report on Wednesday, April 4th. They issued a “neutral” rating and a $41.00 target price for the company. Finally, ValuEngine cut shares of CarGurus from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $35.80.

About CarGurus

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.

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

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