CarGurus Inc (CARG) Insider Sells $294,660.00 in Stock

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CarGurus Inc (NASDAQ:CARG) insider Oliver Ian Chrzan sold 6,000 shares of the stock in a transaction on Friday, August 31st. The stock was sold at an average price of $49.11, for a total transaction of $294,660.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Friday, August 24th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $49.63, for a total transaction of $297,780.00.
  • On Friday, August 17th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $49.72, for a total transaction of $298,320.00.
  • On Monday, August 13th, Oliver Ian Chrzan sold 30,000 shares of CarGurus stock. The stock was sold at an average price of $51.54, for a total transaction of $1,546,200.00.
  • On Friday, August 3rd, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $44.29, for a total transaction of $265,740.00.
  • On Friday, July 27th, Oliver Ian Chrzan sold 54,000 shares of CarGurus stock. The stock was sold at an average price of $40.13, for a total transaction of $2,167,020.00.
  • On Friday, July 20th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $37.45, for a total transaction of $224,700.00.
  • On Friday, July 13th, Oliver Ian Chrzan sold 18,000 shares of CarGurus stock. The stock was sold at an average price of $37.05, for a total transaction of $666,900.00.
  • On Friday, June 29th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $34.63, for a total transaction of $207,780.00.
  • On Friday, June 22nd, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $34.49, for a total transaction of $206,940.00.
  • On Friday, June 15th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $35.11, for a total transaction of $210,660.00.

Shares of CARG stock traded down $0.48 during mid-day trading on Thursday, hitting $47.35. The stock had a trading volume of 8,820 shares, compared to its average volume of 1,005,375. CarGurus Inc has a fifty-two week low of $25.85 and a fifty-two week high of $56.17. The stock has a market capitalization of $5.40 billion and a PE ratio of 398.00.

CarGurus (NASDAQ:CARG) last released its earnings results on Tuesday, August 7th. The company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. CarGurus had a net margin of 10.34% and a return on equity of 12.60%. The company had revenue of $110.33 million during the quarter, compared to analysts’ expectations of $103.84 million. equities research analysts forecast that CarGurus Inc will post 0.1 earnings per share for the current year.

CARG has been the subject of several recent analyst reports. BidaskClub upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Benchmark raised their target price on shares of CarGurus from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. DA Davidson set a $53.00 target price on shares of CarGurus and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded shares of CarGurus from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Thursday, August 2nd. Finally, ValuEngine upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $44.17.

Several hedge funds have recently added to or reduced their stakes in CARG. Wells Fargo & Company MN increased its holdings in shares of CarGurus by 470.2% in the 2nd quarter. Wells Fargo & Company MN now owns 389,552 shares of the company’s stock valued at $13,532,000 after purchasing an additional 321,230 shares in the last quarter. Millennium Management LLC purchased a new position in shares of CarGurus in the 1st quarter valued at about $499,000. TD Asset Management Inc. increased its holdings in shares of CarGurus by 66.0% in the 2nd quarter. TD Asset Management Inc. now owns 68,471 shares of the company’s stock valued at $2,378,000 after purchasing an additional 27,220 shares in the last quarter. First Interstate Bank increased its holdings in shares of CarGurus by 100,560.0% in the 2nd quarter. First Interstate Bank now owns 5,033 shares of the company’s stock valued at $175,000 after purchasing an additional 5,028 shares in the last quarter. Finally, BBT Capital Management LLC purchased a new position in shares of CarGurus in the 2nd quarter valued at about $5,033,000. Institutional investors own 63.29% of the company’s stock.

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.

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

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