CarGurus Inc (NASDAQ:CARG) COO Samuel Zales sold 18,000 shares of CarGurus stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $36.80, for a total transaction of $662,400.00. Following the completion of the sale, the chief operating officer now owns 187,654 shares of the company’s stock, valued at approximately $6,905,667.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Monday, November 11th, Samuel Zales sold 18,000 shares of CarGurus stock. The shares were sold at an average price of $38.01, for a total transaction of $684,180.00.
  • On Friday, October 11th, Samuel Zales sold 18,000 shares of CarGurus stock. The shares were sold at an average price of $31.35, for a total transaction of $564,300.00.

Shares of CARG stock opened at $37.37 on Friday. The firm has a market capitalization of $4.12 billion, a PE ratio of 65.56, a price-to-earnings-growth ratio of 2.65 and a beta of 1.97. The firm has a fifty day simple moving average of $37.35 and a two-hundred day simple moving average of $34.79. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 0.24. CarGurus Inc has a 12 month low of $28.65 and a 12 month high of $45.25.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of CarGurus by 10.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,585,376 shares of the company’s stock worth $201,687,000 after acquiring an additional 512,647 shares in the last quarter. BlackRock Inc. grew its stake in shares of CarGurus by 46.1% in the 2nd quarter. BlackRock Inc. now owns 5,176,925 shares of the company’s stock worth $186,939,000 after acquiring an additional 1,632,759 shares in the last quarter. HMI Capital LLC grew its stake in shares of CarGurus by 248.5% in the 3rd quarter. HMI Capital LLC now owns 4,357,679 shares of the company’s stock worth $134,870,000 after acquiring an additional 3,107,349 shares in the last quarter. State Street Corp grew its stake in shares of CarGurus by 4.0% in the 3rd quarter. State Street Corp now owns 1,532,799 shares of the company’s stock worth $47,440,000 after acquiring an additional 59,333 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of CarGurus by 93.4% in the 2nd quarter. Wells Fargo & Company MN now owns 891,158 shares of the company’s stock worth $32,179,000 after acquiring an additional 430,302 shares in the last quarter. Hedge funds and other institutional investors own 79.93% of the company’s stock.

Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of CarGurus from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Needham & Company LLC assumed coverage on shares of CarGurus in a research note on Thursday, September 12th. They issued a “hold” rating for the company. TheStreet upgraded shares of CarGurus from a “d+” rating to a “c-” rating in a research note on Thursday, November 7th. BidaskClub lowered shares of CarGurus from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 7th. Finally, Royal Bank of Canada lowered their price objective on shares of CarGurus to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price 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.

Further Reading: Market Timing

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

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