CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 20,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $33.21, for a total transaction of $664,200.00.

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

  • On Wednesday, September 4th, Anastasios Parafestas sold 6,283 shares of CarGurus stock. The stock was sold at an average price of $32.18, for a total transaction of $202,186.94.
  • On Wednesday, August 28th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $31.93, for a total transaction of $638,600.00.
  • On Friday, August 30th, Anastasios Parafestas sold 35,000 shares of CarGurus stock. The stock was sold at an average price of $32.58, for a total transaction of $1,140,300.00.
  • On Monday, August 26th, Anastasios Parafestas sold 13,098 shares of CarGurus stock. The stock was sold at an average price of $31.79, for a total transaction of $416,385.42.
  • On Thursday, August 22nd, Anastasios Parafestas sold 35,000 shares of CarGurus stock. The stock was sold at an average price of $32.23, for a total transaction of $1,128,050.00.
  • On Monday, August 19th, Anastasios Parafestas sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $31.82, for a total transaction of $318,200.00.
  • On Friday, August 16th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $31.12, for a total transaction of $622,400.00.
  • On Tuesday, August 13th, Anastasios Parafestas sold 13,002 shares of CarGurus stock. The stock was sold at an average price of $32.17, for a total transaction of $418,274.34.
  • On Wednesday, August 7th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $32.91, for a total transaction of $658,200.00.
  • On Thursday, August 1st, Anastasios Parafestas sold 55,000 shares of CarGurus stock. The shares were sold at an average price of $37.40, for a total transaction of $2,057,000.00.

Shares of NASDAQ CARG opened at $34.37 on Friday. The firm’s 50-day moving average price is $33.42 and its 200-day moving average price is $36.78. CarGurus Inc has a 1-year low of $30.22 and a 1-year high of $57.25. The firm has a market capitalization of $4.48 billion, a P/E ratio of 60.30, a P/E/G ratio of 3.33 and a beta of 1.88. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.23.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. CarGurus had a net margin of 8.22% and a return on equity of 17.12%. The firm had revenue of $145.03 million for the quarter, compared to analyst estimates of $140.67 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. The business’s quarterly revenue was up 31.5% compared to the same quarter last year. Equities research analysts forecast that CarGurus Inc will post 0.28 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in CARG. Advisor Group Inc. raised its holdings in shares of CarGurus by 55.1% during the second quarter. Advisor Group Inc. now owns 1,194 shares of the company’s stock valued at $42,000 after purchasing an additional 424 shares during the period. Point72 Hong Kong Ltd raised its holdings in shares of CarGurus by 2,651.8% during the second quarter. Point72 Hong Kong Ltd now owns 2,284 shares of the company’s stock valued at $82,000 after purchasing an additional 2,201 shares during the period. CSat Investment Advisory L.P. acquired a new position in shares of CarGurus during the second quarter valued at about $90,000. DekaBank Deutsche Girozentrale acquired a new position in shares of CarGurus during the first quarter valued at about $136,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of CarGurus during the second quarter valued at about $145,000. Hedge funds and other institutional investors own 66.59% of the company’s stock.

Several research firms recently issued reports on CARG. ValuEngine upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Zacks Investment Research upgraded shares of CarGurus from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a report on Friday, August 9th. BidaskClub upgraded shares of CarGurus from a “sell” rating to a “hold” rating in a report on Wednesday. SunTrust Banks restated a “buy” rating and issued a $54.00 target price on shares of CarGurus in a report on Wednesday, June 12th. Finally, JMP Securities dropped their target price on shares of CarGurus to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. CarGurus has a consensus rating of “Buy” and an average target price of $48.42.

CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States, Canada, the United Kingdom, Germany, Italy, and Spain. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace.

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