CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 120,000 shares of the company’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $51.71, for a total transaction of $6,205,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, September 18th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The shares were sold at an average price of $52.11, for a total transaction of $6,253,200.00.
  • On Friday, September 14th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The shares were sold at an average price of $52.15, for a total transaction of $6,258,000.00.
  • On Wednesday, September 12th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The shares were sold at an average price of $50.98, for a total transaction of $6,117,600.00.
  • On Monday, September 10th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The shares were sold at an average price of $48.54, for a total transaction of $5,824,800.00.
  • On Thursday, September 6th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The shares were sold at an average price of $47.76, for a total transaction of $5,731,200.00.
  • On Tuesday, September 4th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The shares were sold at an average price of $49.01, for a total transaction of $5,881,200.00.
  • On Thursday, August 30th, Anastasios Parafestas sold 102,442 shares of CarGurus stock. The shares were sold at an average price of $49.66, for a total transaction of $5,087,269.72.
  • On Tuesday, August 28th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The shares were sold at an average price of $49.89, for a total transaction of $5,986,800.00.

Shares of CARG opened at $51.62 on Monday. CarGurus Inc has a twelve month low of $25.85 and a twelve month high of $56.17. The firm has a market capitalization of $5.65 billion and a PE ratio of 516.20.

CarGurus (NASDAQ:CARG) last announced its earnings results on Tuesday, August 7th. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. CarGurus had a net margin of 10.34% and a return on equity of 12.60%. The business had revenue of $110.33 million for the quarter, compared to the consensus estimate of $103.84 million. sell-side analysts expect that CarGurus Inc will post 0.1 EPS for the current year.

A number of equities research analysts recently issued reports on CARG shares. ValuEngine raised shares of CarGurus from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Zacks Investment Research downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. JMP Securities raised shares of CarGurus from a “market perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a research note on Wednesday, August 8th. Royal Bank of Canada raised shares of CarGurus from a “sector perform” rating to an “outperform” rating and set a $33.00 target price on the stock in a research note on Wednesday, August 8th. Finally, Benchmark increased their target price on shares of CarGurus from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CarGurus presently has an average rating of “Buy” and an average price target of $44.17.

Institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp grew its holdings in shares of CarGurus by 2,401.8% in the second quarter. Northern Trust Corp now owns 503,590 shares of the company’s stock worth $17,494,000 after purchasing an additional 483,461 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of CarGurus by 1,442.2% in the second quarter. Bank of New York Mellon Corp now owns 140,265 shares of the company’s stock worth $4,872,000 after purchasing an additional 131,170 shares during the last quarter. California Public Employees Retirement System bought a new position in shares of CarGurus in the second quarter worth about $345,000. Millennium Management LLC grew its holdings in shares of CarGurus by 33.4% in the second quarter. Millennium Management LLC now owns 17,302 shares of the company’s stock worth $601,000 after purchasing an additional 4,334 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of CarGurus in the second quarter worth about $2,899,000. 63.29% of the stock is currently owned by institutional investors and hedge funds.

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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