CarGurus Inc (NASDAQ:CARG) COO Samuel Zales sold 15,000 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $41.39, for a total value of $620,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Samuel Zales also recently made the following trade(s):

  • On Thursday, October 11th, Samuel Zales sold 15,000 shares of CarGurus stock. The stock was sold at an average price of $42.45, for a total value of $636,750.00.
  • On Tuesday, September 11th, Samuel Zales sold 15,000 shares of CarGurus stock. The stock was sold at an average price of $51.01, for a total transaction of $765,150.00.

Shares of CarGurus stock traded up $0.69 during midday trading on Tuesday, hitting $41.60. The company had a trading volume of 865,977 shares, compared to its average volume of 731,994. The company has a market capitalization of $4.60 billion and a P/E ratio of 346.67. CarGurus Inc has a 52-week low of $28.00 and a 52-week high of $57.25.

CarGurus (NASDAQ:CARG) last released its earnings results on Wednesday, November 7th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. CarGurus had a return on equity of 9.82% and a net margin of 11.78%. The firm had revenue of $119.04 million for the quarter, compared to analysts’ expectations of $112.70 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The company’s quarterly revenue was up 43.4% on a year-over-year basis. Research analysts predict that CarGurus Inc will post 0.1 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in shares of CarGurus by 470.2% in the second quarter. Wells Fargo & Company MN now owns 389,552 shares of the company’s stock worth $13,532,000 after acquiring an additional 321,230 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in CarGurus by 347.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 124,871 shares of the company’s stock valued at $4,339,000 after purchasing an additional 96,985 shares during the last quarter. TD Asset Management Inc. grew its position in CarGurus by 66.0% during the 2nd quarter. TD Asset Management Inc. now owns 68,471 shares of the company’s stock valued at $2,378,000 after purchasing an additional 27,220 shares during the last quarter. Bank of America Corp DE grew its position in CarGurus by 877.9% during the 2nd quarter. Bank of America Corp DE now owns 681,579 shares of the company’s stock valued at $23,678,000 after purchasing an additional 611,878 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in CarGurus during the 1st quarter valued at about $499,000. 62.68% of the stock is currently owned by hedge funds and other institutional investors.

CARG has been the topic of a number of recent research reports. BidaskClub downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Saturday, October 13th. ValuEngine raised shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research cut shares of CarGurus from a “buy” rating to a “hold” rating in a report on Monday, August 13th. JMP Securities upgraded shares of CarGurus from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a report on Wednesday, August 8th. Finally, Royal Bank of Canada upgraded shares of CarGurus from a “sector perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a report on Wednesday, August 8th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $52.33.

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CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars worldwide. The company's marketplace enables users with third-party validation on pricing, dealer reputation, and other information. As of June 30, 2017, it had an active dealer network of approximately 40,000 dealers; and approximately 5.4 million car listings.

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