CarGurus Inc (NASDAQ:CARG) saw some unusual options trading activity on Thursday. Stock traders purchased 1,569 call options on the company. This represents an increase of approximately 1,353% compared to the typical daily volume of 108 call options.

In related news, Director Ian G. Smith sold 30,315 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $40.21, for a total transaction of $1,218,966.15. Following the transaction, the director now owns 107,278 shares in the company, valued at approximately $4,313,648.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Sarah Amory Welch sold 2,500 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $36.80, for a total transaction of $92,000.00. Following the transaction, the chief marketing officer now owns 161,299 shares in the company, valued at approximately $5,935,803.20. The disclosure for this sale can be found here. Insiders have sold a total of 725,517 shares of company stock worth $27,319,028 in the last quarter. 34.51% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. HMI Capital LLC raised its holdings in shares of CarGurus by 22.0% in the fourth quarter. HMI Capital LLC now owns 5,315,000 shares of the company’s stock valued at $186,982,000 after purchasing an additional 957,321 shares during the last quarter. State Street Corp raised its holdings in shares of CarGurus by 1.6% in the fourth quarter. State Street Corp now owns 1,557,206 shares of the company’s stock valued at $54,783,000 after purchasing an additional 24,407 shares during the last quarter. CI Investments Inc. raised its holdings in shares of CarGurus by 21.7% in the fourth quarter. CI Investments Inc. now owns 1,191,168 shares of the company’s stock valued at $41,905,000 after purchasing an additional 212,745 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of CarGurus by 2.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 884,954 shares of the company’s stock valued at $27,390,000 after purchasing an additional 21,255 shares during the last quarter. Finally, Dynamo Internacional Gestao DE Recursos LTDA. purchased a new stake in shares of CarGurus in the fourth quarter valued at about $29,488,000. Institutional investors own 80.42% of the company’s stock.

CARG traded down $8.57 during trading on Friday, hitting $25.53. 4,438,409 shares of the company’s stock were exchanged, compared to its average volume of 915,512. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $35.70 and its two-hundred day moving average is $34.76. CarGurus has a fifty-two week low of $28.65 and a fifty-two week high of $45.25. The stock has a market cap of $3.63 billion, a P/E ratio of 70.91, a PEG ratio of 1.85 and a beta of 1.88.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, February 13th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. CarGurus had a net margin of 7.44% and a return on equity of 18.30%. On average, sell-side analysts forecast that CarGurus will post 0.35 earnings per share for the current year.

A number of research analysts recently issued reports on CARG shares. Royal Bank of Canada dropped their target price on shares of CarGurus to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. TheStreet upgraded shares of CarGurus from a “d+” rating to a “c-” rating in a report on Thursday, November 7th. Benchmark lowered their price objective on shares of CarGurus from $51.00 to $42.00 and set a “buy” rating on the stock in a report on Friday. Zacks Investment Research downgraded shares of CarGurus from a “hold” rating to a “sell” rating in a report on Thursday. Finally, SunTrust Banks restated a “buy” rating and set a $55.00 price objective (up previously from $54.00) on shares of CarGurus in a report on Monday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $47.90.

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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