CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 60,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $39.34, for a total value of $2,360,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Anastasios Parafestas also recently made the following trade(s):

  • On Wednesday, March 13th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The shares were sold at an average price of $39.76, for a total value of $2,385,600.00.
  • On Thursday, March 7th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The shares were sold at an average price of $39.44, for a total value of $2,366,400.00.
  • On Tuesday, March 5th, Anastasios Parafestas sold 33,700 shares of CarGurus stock. The shares were sold at an average price of $39.79, for a total value of $1,340,923.00.
  • On Wednesday, February 27th, Anastasios Parafestas sold 140,848 shares of CarGurus stock. The shares were sold at an average price of $42.29, for a total value of $5,956,461.92.
  • On Thursday, February 21st, Anastasios Parafestas sold 64,140 shares of CarGurus stock. The shares were sold at an average price of $40.57, for a total value of $2,602,159.80.
  • On Tuesday, February 19th, Anastasios Parafestas sold 24,039 shares of CarGurus stock. The shares were sold at an average price of $40.05, for a total value of $962,761.95.
  • On Thursday, February 14th, Anastasios Parafestas sold 44,000 shares of CarGurus stock. The shares were sold at an average price of $40.42, for a total value of $1,778,480.00.
  • On Tuesday, February 12th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The shares were sold at an average price of $39.84, for a total value of $2,390,400.00.

NASDAQ:CARG opened at $39.09 on Friday. The stock has a market capitalization of $4.38 billion, a P/E ratio of 68.58, a PEG ratio of 37.65 and a beta of 1.97. CarGurus Inc has a one year low of $29.18 and a one year high of $57.25.

Several analysts have recently weighed in on the company. TheStreet upgraded CarGurus from a “d+” rating to a “c-” rating in a research note on Tuesday. Zacks Investment Research upgraded CarGurus from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Wednesday. Benchmark restated a “buy” rating and set a $50.00 target price on shares of CarGurus in a research note on Friday, March 1st. Citigroup raised their target price on CarGurus from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, BidaskClub downgraded CarGurus from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $49.40.

A number of large investors have recently bought and sold shares of CARG. Hound Partners LLC acquired a new position in CarGurus in the third quarter worth about $190,790,000. FMR LLC grew its stake in CarGurus by 10.4% in the third quarter. FMR LLC now owns 11,022,430 shares of the company’s stock worth $613,838,000 after purchasing an additional 1,040,330 shares in the last quarter. Vanguard Group Inc grew its stake in CarGurus by 20.2% in the third quarter. Vanguard Group Inc now owns 4,512,695 shares of the company’s stock worth $251,312,000 after purchasing an additional 759,094 shares in the last quarter. Vanguard Group Inc. grew its stake in CarGurus by 20.2% in the third quarter. Vanguard Group Inc. now owns 4,512,695 shares of the company’s stock worth $251,312,000 after purchasing an additional 759,094 shares in the last quarter. Finally, BlackRock Inc. grew its stake in CarGurus by 20.8% in the fourth quarter. BlackRock Inc. now owns 3,790,254 shares of the company’s stock worth $127,846,000 after purchasing an additional 651,931 shares in the last quarter. Institutional investors and hedge funds own 72.07% of the company’s stock.

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About CarGurus

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

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