CarGurus Inc (NASDAQ:CARG) General Counsel Kathleen Bender Patton sold 2,501 shares of CarGurus stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $39.76, for a total value of $99,439.76. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of CARG stock opened at $38.52 on Friday. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 67.58, a P/E/G ratio of 37.65 and a beta of 1.97. CarGurus Inc has a 12-month low of $29.18 and a 12-month high of $57.25.

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in CarGurus by 8.7% during the third quarter. Bank of New York Mellon Corp now owns 152,439 shares of the company’s stock worth $8,489,000 after acquiring an additional 12,174 shares during the last quarter. 361 Capital LLC acquired a new stake in CarGurus during the fourth quarter worth approximately $2,336,000. United Services Automobile Association acquired a new stake in CarGurus during the third quarter worth approximately $240,000. Strs Ohio raised its position in shares of CarGurus by 23.8% in the fourth 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. Finally, BlackRock Inc. raised its position in shares of CarGurus by 19.6% in the third quarter. BlackRock Inc. now owns 3,138,323 shares of the company’s stock valued at $174,772,000 after buying an additional 513,304 shares in the last quarter. Hedge funds and other institutional investors own 72.07% of the company’s stock.

A number of equities analysts recently commented on CARG shares. SunTrust Banks started coverage on CarGurus in a report on Monday, November 19th. They set a “buy” rating and a $49.00 price target for the company. BidaskClub downgraded shares of CarGurus from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. Citigroup started coverage on shares of CarGurus in a research report on Friday, December 7th. They set a “buy” rating and a $45.00 price objective for the company. Oppenheimer started coverage on shares of CarGurus in a research report on Tuesday, January 8th. They set a “buy” rating and a $42.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. CarGurus presently has a consensus rating of “Buy” and an average target price of $49.40.

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

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