CarGurus Inc (NASDAQ:CARG) insider Sarah Amory Welch sold 2,500 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $31.61, for a total transaction of $79,025.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sarah Amory Welch also recently made the following trade(s):

  • On Tuesday, June 11th, Sarah Amory Welch sold 2,500 shares of CarGurus stock. The stock was sold at an average price of $36.00, for a total transaction of $90,000.00.

Shares of CARG stock traded down $1.12 during mid-day trading on Wednesday, hitting $31.31. 1,073,769 shares of the stock traded hands, compared to its average volume of 872,653. The stock has a market capitalization of $3.55 billion, a PE ratio of 54.93, a P/E/G ratio of 3.57 and a beta of 1.83. The stock’s fifty day moving average price is $35.66. CarGurus Inc has a 52-week low of $30.22 and a 52-week high of $57.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.68.

CarGurus (NASDAQ:CARG) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The business had revenue of $145.03 million during the quarter, compared to analyst estimates of $140.67 million. CarGurus had a net margin of 8.22% and a return on equity of 17.12%. The company’s quarterly revenue was up 31.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 earnings per share. As a group, sell-side analysts expect that CarGurus Inc will post 0.24 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in CARG. FMR LLC increased its holdings in shares of CarGurus by 0.7% during the first quarter. FMR LLC now owns 10,915,766 shares of the company’s stock valued at $437,286,000 after acquiring an additional 79,685 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of CarGurus by 4.1% during the first quarter. The Manufacturers Life Insurance Company now owns 7,494,720 shares of the company’s stock valued at $300,238,000 after acquiring an additional 295,775 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of CarGurus by 10.1% during the second quarter. Vanguard Group Inc. now owns 5,585,376 shares of the company’s stock valued at $201,687,000 after acquiring an additional 512,647 shares in the last quarter. BlackRock Inc. increased its holdings in shares of CarGurus by 46.1% during the second quarter. BlackRock Inc. now owns 5,176,925 shares of the company’s stock valued at $186,939,000 after acquiring an additional 1,632,759 shares in the last quarter. Finally, HMI Capital LLC acquired a new position in shares of CarGurus during the second quarter valued at about $45,149,000. 75.46% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently weighed in on CARG shares. ValuEngine raised shares of CarGurus from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. TheStreet lowered shares of CarGurus from a “c-” rating to a “d+” rating in a research note on Tuesday, May 14th. BTIG Research lowered their price objective on shares of CarGurus to $48.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. BidaskClub lowered shares of CarGurus from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $54.00 price objective on shares of CarGurus in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. CarGurus currently has an average rating of “Buy” and an average price target of $48.42.

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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