CarGurus Inc (NASDAQ:CARG) General Counsel Kathleen Bender Patton sold 4,683 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $35.43, for a total value of $165,918.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kathleen Bender Patton also recently made the following trade(s):

  • On Wednesday, March 13th, Kathleen Bender Patton sold 2,501 shares of CarGurus stock. The shares were sold at an average price of $39.76, for a total value of $99,439.76.

Shares of CarGurus stock traded down $0.36 during trading hours on Friday, hitting $35.10. 579,801 shares of the company’s stock traded hands, compared to its average volume of 796,161. CarGurus Inc has a 12-month low of $30.29 and a 12-month high of $57.25. The firm has a market cap of $3.92 billion, a PE ratio of 61.58, a P/E/G 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 (NASDAQ:CARG) last announced its earnings results on Thursday, May 9th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.09. CarGurus had a return on equity of 18.43% and a net margin of 13.94%. The firm had revenue of $135.30 million during the quarter, compared to analyst estimates of $129.54 million. During the same period last year, the firm posted $0.06 EPS. The business’s revenue was up 37.2% compared to the same quarter last year. As a group, equities analysts anticipate that CarGurus Inc will post 0.23 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. NumerixS Investment Technologies Inc bought a new position in shares of CarGurus during the 4th quarter worth $30,000. Advisor Group Inc. boosted its stake in CarGurus by 281.2% in the 1st quarter. Advisor Group Inc. now owns 770 shares of the company’s stock worth $31,000 after purchasing an additional 568 shares during the period. Quantamental Technologies LLC bought a new position in CarGurus in the 4th quarter worth about $78,000. DekaBank Deutsche Girozentrale bought a new position in CarGurus in the 1st quarter worth about $136,000. Finally, NEXT Financial Group Inc boosted its stake in CarGurus by 50.1% in the 4th quarter. NEXT Financial Group Inc now owns 5,555 shares of the company’s stock worth $187,000 after purchasing an additional 1,855 shares during the period. 71.94% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on CARG. Zacks Investment Research raised CarGurus from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Friday, March 29th. BidaskClub raised CarGurus from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. BTIG Research lowered their price target on CarGurus to $48.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. TheStreet lowered CarGurus from a “c-” rating to a “d+” rating in a research report on Tuesday, May 14th. Finally, Cowen started coverage on CarGurus in a research report on Monday. They issued a “market perform” rating and a $42.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. CarGurus currently has an average rating of “Buy” and a consensus price target of $49.08.

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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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