CarGurus Inc (NASDAQ:CARG) insider Thomas Michael Caputo sold 5,300 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $38.06, for a total transaction of $201,718.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of CARG stock opened at $37.97 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.74 and a current ratio of 2.74. The firm has a 50-day moving average price of $35.89. The company has a market cap of $4.15 billion, a PE ratio of 66.61, a price-to-earnings-growth ratio of 4.14 and a beta of 1.83. CarGurus Inc has a 52-week low of $30.29 and a 52-week high of $57.25.

CarGurus (NASDAQ:CARG) last issued its earnings results on Thursday, May 9th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.09. The company had revenue of $135.30 million for the quarter, compared to analysts’ expectations of $129.54 million. CarGurus had a net margin of 13.94% and a return on equity of 18.43%. CarGurus’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. As a group, research analysts anticipate that CarGurus Inc will post 0.23 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. California Public Employees Retirement System increased its position in CarGurus by 297.3% during the fourth quarter. California Public Employees Retirement System now owns 46,507 shares of the company’s stock worth $1,569,000 after buying an additional 34,800 shares during the period. BlackRock Inc. grew its stake in shares of CarGurus by 20.8% in the 4th quarter. BlackRock Inc. now owns 3,790,254 shares of the company’s stock valued at $127,846,000 after purchasing an additional 651,931 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of CarGurus by 12.4% in the 4th quarter. Bank of New York Mellon Corp now owns 171,330 shares of the company’s stock valued at $5,779,000 after purchasing an additional 18,891 shares during the last quarter. Raymond James & Associates grew its stake in shares of CarGurus by 74.0% in the 4th quarter. Raymond James & Associates now owns 32,657 shares of the company’s stock valued at $1,102,000 after purchasing an additional 13,890 shares during the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new position in shares of CarGurus in the 4th quarter valued at approximately $30,000. 74.79% of the stock is currently owned by institutional investors.

Several equities research analysts have commented on CARG shares. Cowen started coverage on shares of TrueCar in a research report on Monday, May 20th. They set a “hold” rating and a $7.00 price target on the stock. SunTrust Banks cut their price target on shares of EOG Resources to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, June 12th. BTIG Research set a $14.00 price target on shares of ARBOR RLTY TR I/SH and gave the stock a “buy” rating in a research report on Wednesday, April 17th. BidaskClub raised shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 28th. Finally, TheStreet raised shares of Third Point Reinsurance from a “d+” rating to a “c-” rating in a research report on Tuesday, May 14th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $48.92.

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

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