CarGurus Inc (NASDAQ:CARG) CEO Langley Steinert sold 117,406 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $40.66, for a total transaction of $4,773,727.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Langley Steinert also recently made the following trade(s):

  • On Thursday, April 4th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $41.14, for a total transaction of $4,830,082.84.
  • On Tuesday, April 2nd, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $40.10, for a total transaction of $4,707,980.60.
  • On Monday, March 11th, Langley Steinert sold 130,456 shares of CarGurus stock. The stock was sold at an average price of $39.05, for a total transaction of $5,094,306.80.
  • On Wednesday, March 6th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $39.73, for a total transaction of $4,664,540.38.
  • On Monday, March 4th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $39.63, for a total transaction of $4,652,799.78.
  • On Monday, February 11th, Langley Steinert sold 71,753 shares of CarGurus stock. The stock was sold at an average price of $38.99, for a total transaction of $2,797,649.47.
  • On Thursday, February 7th, Langley Steinert sold 176,109 shares of CarGurus stock. The stock was sold at an average price of $41.17, for a total transaction of $7,250,407.53.
  • On Monday, February 4th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $42.52, for a total transaction of $4,992,103.12.
  • On Thursday, January 10th, Langley Steinert sold 130,456 shares of CarGurus stock. The stock was sold at an average price of $35.32, for a total transaction of $4,607,705.92.

CARG opened at $39.35 on Wednesday. The stock has a market capitalization of $4.59 billion, a PE ratio of 69.04, a price-to-earnings-growth ratio of 37.68 and a beta of 1.93. CarGurus Inc has a twelve month low of $29.18 and a twelve month high of $57.25.

CarGurus (NASDAQ:CARG) last posted its earnings results on Thursday, February 28th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. The firm had revenue of $126.09 million during the quarter, compared to the consensus estimate of $122.13 million. CarGurus had a net margin of 13.10% and a return on equity of 15.03%. As a group, equities research analysts expect that CarGurus Inc will post 0.22 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc bought a new position in shares of CarGurus in the fourth quarter valued at approximately $30,000. Quantamental Technologies LLC bought a new position in shares of CarGurus in the fourth quarter valued at approximately $78,000. NEXT Financial Group Inc boosted its position in shares of CarGurus by 50.1% in the fourth quarter. NEXT Financial Group Inc now owns 5,555 shares of the company’s stock valued at $187,000 after acquiring an additional 1,855 shares during the period. LPL Financial LLC bought a new position in shares of CarGurus in the third quarter valued at approximately $234,000. Finally, United Services Automobile Association bought a new position in shares of CarGurus in the third quarter valued at approximately $240,000. Institutional investors own 72.05% of the company’s stock.

A number of analysts recently issued reports on the stock. Benchmark restated a “buy” rating and set a $50.00 price objective on shares of CarGurus in a report on Friday, March 1st. Citigroup lifted their target price on shares of CarGurus from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. BidaskClub upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Zacks Investment Research upgraded shares of CarGurus from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Friday, March 1st. Finally, TheStreet upgraded shares of CarGurus from a “d+” rating to a “c-” rating in a research note on Tuesday, March 12th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $49.27.

WARNING: This piece of content was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/insider-selling-cargurus-inc-carg-ceo-sells-117406-shares-of-stock-2/2952199.html.

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.

Featured Article: What is a Backdoor Roth IRA?

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

Receive News & Ratings for CarGurus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarGurus and related companies with MarketBeat.com's FREE daily email newsletter.