CarGurus Inc (NASDAQ:CARG) insider Oliver Ian Chrzan sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $41.44, for a total transaction of $828,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Oliver Ian Chrzan also recently made the following trade(s):

  • On Wednesday, January 30th, Oliver Ian Chrzan sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $40.97, for a total transaction of $819,400.00.
  • On Friday, January 25th, Oliver Ian Chrzan sold 100,000 shares of CarGurus stock. The stock was sold at an average price of $40.29, for a total transaction of $4,029,000.00.
  • On Wednesday, January 23rd, Oliver Ian Chrzan sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $38.52, for a total transaction of $770,400.00.
  • On Wednesday, January 16th, Oliver Ian Chrzan sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $36.18, for a total transaction of $723,600.00.
  • On Wednesday, January 9th, Oliver Ian Chrzan sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $35.84, for a total transaction of $716,800.00.
  • On Wednesday, January 2nd, Oliver Ian Chrzan sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $32.96, for a total transaction of $659,200.00.
  • On Wednesday, December 26th, Oliver Ian Chrzan sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $32.21, for a total transaction of $644,200.00.
  • On Wednesday, December 19th, Oliver Ian Chrzan sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $33.68, for a total transaction of $673,600.00.
  • On Wednesday, December 12th, Oliver Ian Chrzan sold 70,000 shares of CarGurus stock. The stock was sold at an average price of $35.42, for a total transaction of $2,479,400.00.
  • On Friday, December 7th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $35.69, for a total transaction of $214,140.00.

Shares of CarGurus stock opened at $38.60 on Friday. The stock has a market capitalization of $4.50 billion, a P/E ratio of 321.67, a PEG ratio of 43.45 and a beta of 2.04. CarGurus Inc has a 1 year low of $28.52 and a 1 year high of $57.25.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. The company had revenue of $119.04 million for the quarter, compared to analysts’ expectations of $112.70 million. CarGurus had a net margin of 11.78% and a return on equity of 9.82%. CarGurus’s revenue was up 43.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.02 EPS. On average, analysts expect that CarGurus Inc will post 0.13 earnings per share for the current year.

A number of brokerages recently issued reports on CARG. Oppenheimer began coverage on shares of CarGurus in a research note on Tuesday, January 8th. They issued a “buy” rating and a $42.00 price target on the stock. SunTrust Banks began coverage on shares of CarGurus in a research note on Monday, November 19th. They issued a “buy” rating and a $49.00 price target on the stock. CIBC began coverage on shares of CarGurus in a research note on Wednesday, January 9th. They issued an “outperform” rating and a $42.00 price target on the stock. Zacks Investment Research cut shares of CarGurus from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, BidaskClub cut shares of CarGurus from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. CarGurus presently has an average rating of “Buy” and a consensus price target of $49.00.

A number of institutional investors have recently made changes to their positions in the stock. Quantamental Technologies LLC bought a new position in CarGurus during the 4th quarter valued at about $78,000. NEXT Financial Group Inc bought a new position in CarGurus during the 3rd quarter valued at about $206,000. CIBC Asset Management Inc bought a new position in CarGurus during the 3rd quarter valued at about $209,000. LPL Financial LLC bought a new position in CarGurus during the 3rd quarter valued at about $234,000. Finally, United Services Automobile Association bought a new position in CarGurus during the 3rd quarter valued at about $240,000. Institutional investors own 68.69% of the company’s stock.

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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.

Read More: Cash Flow

Insider Buying and Selling by Quarter for CarGurus (NASDAQ:CARG)

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