CarGurus Inc (NASDAQ:CARG) insider Thomas Michael Caputo sold 5,301 shares of CarGurus stock in a transaction on Friday, November 8th. The stock was sold at an average price of $38.00, for a total value of $201,438.00. Following the sale, the insider now directly owns 92,758 shares of the company’s stock, valued at approximately $3,524,804. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

CARG stock opened at $38.40 on Friday. The company has a market cap of $5.07 billion, a PE ratio of 67.37, a price-to-earnings-growth ratio of 2.76 and a beta of 1.88. The business has a 50-day simple moving average of $32.51 and a 200 day simple moving average of $34.70. CarGurus Inc has a 52 week low of $28.65 and a 52 week high of $45.25. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 0.24.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.10. CarGurus had a return on equity of 18.30% and a net margin of 7.44%. The business had revenue of $150.50 million during the quarter, compared to the consensus estimate of $147.99 million. During the same quarter in the previous year, the firm earned $0.08 earnings per share. CarGurus’s revenue for the quarter was up 26.4% compared to the same quarter last year. On average, analysts anticipate that CarGurus Inc will post 0.35 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. grew its position in CarGurus by 55.1% in the second quarter. Advisor Group Inc. now owns 1,194 shares of the company’s stock valued at $42,000 after acquiring an additional 424 shares during the last quarter. Tower Research Capital LLC TRC grew its position in CarGurus by 208.6% in the third quarter. Tower Research Capital LLC TRC now owns 1,114 shares of the company’s stock valued at $34,000 after acquiring an additional 753 shares during the last quarter. Comerica Bank grew its position in CarGurus by 4.3% in the third quarter. Comerica Bank now owns 19,448 shares of the company’s stock valued at $628,000 after acquiring an additional 807 shares during the last quarter. O Shares Investment Advisers LLC grew its position in CarGurus by 6.6% in the second quarter. O Shares Investment Advisers LLC now owns 13,348 shares of the company’s stock valued at $482,000 after acquiring an additional 828 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in CarGurus by 21.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,861 shares of the company’s stock valued at $150,000 after acquiring an additional 842 shares during the last quarter. Hedge funds and other institutional investors own 66.14% of the company’s stock.

A number of research analysts recently commented on the company. Zacks Investment Research downgraded CarGurus from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. BidaskClub raised CarGurus from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. ValuEngine raised CarGurus from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Royal Bank of Canada dropped their price target on CarGurus to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Finally, JMP Securities dropped their price target on CarGurus to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $47.58.

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

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