ALLEN & COMPANY LLC

recently revealed that they own 7.3% of CARGURUS INC (NASDAQ:CARG) in a Schedule 13G disclosure that was filed with the Securities and Exchange Commission (SEC) on Friday, October 20th. The investor owns 5,679,611 shares of the stock valued at $160,335,419. The filing is available through Edgar at this hyperlink.

In other news, CEO Langley Steinert sold 3,390,524 shares of CARGURUS INC stock in a transaction on Monday, October 16th. The shares were sold at an average price of $14.88, for a total transaction of $50,450,997.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Oliver Ian Chrzan sold 270,793 shares of CARGURUS INC stock in a transaction on Monday, October 16th. The stock was sold at an average price of $14.88, for a total transaction of $4,029,399.84. The disclosure for this sale can be found here. Insiders have sold a total of 5,454,188 shares of company stock valued at $81,158,317 over the last ninety days.

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Shares of CARGURUS INC (CARG) traded up 4.39% on Friday, hitting $29.47. 280,336 shares of the stock traded hands. The stock has a 50-day moving average price of $28.77 and a 200 day moving average price of $28.77. CARGURUS INC has a 52 week low of $25.85 and a 52 week high of $30.19. The firm’s market cap is $2.35 billion.

CARGURUS INC Company Profile

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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