Insider Selling: CarGurus Inc (CARG) Major Shareholder Sells 1,523,000 Shares of Stock
CarGurus Inc (NASDAQ:CARG) major shareholder Argonaut 22 Llc sold 1,523,000 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $14.88, for a total value of $22,662,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of CarGurus Inc (NASDAQ CARG) traded down 0.50% on Wednesday, reaching $28.14. The company’s stock had a trading volume of 1,086,569 shares. The stock has a 50-day moving average of $28.06 and a 200 day moving average of $28.06. CarGurus Inc has a 1-year low of $25.85 and a 1-year high of $30.19. The stock’s market capitalization is $2.24 billion.
CarGurus, Inc is an online automotive marketplace connecting buyers and sellers of new and used cars. Using proprietary technology, search algorithms, and data analytics. The Company’s marketplace empowers users with unbiased third-party validation on pricing and dealer reputation as well as other information that aids them in finding Great Deals from Great Dealers.
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