CarGurus Inc (NASDAQ:CARG) insider Thomas Michael Caputo sold 10,643 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $25.50, for a total value of $271,396.50. Following the completion of the transaction, the insider now owns 214,280 shares of the company’s stock, valued at $5,464,140. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ CARG opened at $27.93 on Friday. The business has a 50 day simple moving average of $25.79 and a 200 day simple moving average of $25.53. CarGurus Inc has a one year low of $14.25 and a one year high of $40.91. The stock has a market capitalization of $3.15 billion, a P/E ratio of 75.49, a P/E/G ratio of 6.60 and a beta of 2.02. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.60 and a quick ratio of 3.60.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, May 7th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.07 by $0.12. CarGurus had a return on equity of 16.97% and a net margin of 6.91%. The business had revenue of $157.70 million during the quarter, compared to analysts’ expectations of $150.06 million. During the same quarter last year, the firm posted $0.12 earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis. Equities analysts expect that CarGurus Inc will post 0.12 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its stake in CarGurus by 1.1% in the first quarter. The Manufacturers Life Insurance Company now owns 7,235,895 shares of the company’s stock valued at $137,048,000 after acquiring an additional 78,344 shares during the period. Wellington Management Group LLP grew its stake in CarGurus by 16.8% in the first quarter. Wellington Management Group LLP now owns 6,628,972 shares of the company’s stock valued at $125,554,000 after acquiring an additional 953,108 shares during the period. Blacksheep Fund Management Ltd grew its stake in CarGurus by 75.5% in the first quarter. Blacksheep Fund Management Ltd now owns 1,573,887 shares of the company’s stock valued at $29,809,000 after acquiring an additional 677,276 shares during the period. ArrowMark Colorado Holdings LLC grew its stake in CarGurus by 7.4% in the first quarter. ArrowMark Colorado Holdings LLC now owns 1,398,050 shares of the company’s stock valued at $26,479,000 after acquiring an additional 95,934 shares during the period. Finally, Capital World Investors grew its stake in CarGurus by 126.5% in the first quarter. Capital World Investors now owns 1,177,827 shares of the company’s stock valued at $22,308,000 after acquiring an additional 657,827 shares during the period. 76.86% of the stock is owned by hedge funds and other institutional investors.

CARG has been the subject of several research reports. Benchmark dropped their target price on CarGurus from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Citigroup downgraded CarGurus from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a research report on Monday, May 11th. Royal Bank of Canada raised their price objective on CarGurus from $22.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Monday, May 11th. DA Davidson restated a “buy” rating and set a $31.00 price objective on shares of CarGurus in a research report on Monday, June 1st. Finally, Zacks Investment Research upgraded CarGurus from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Monday, July 13th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $29.40.

About CarGurus

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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