Anastasios Parafestas Sells 120,000 Shares of CarGurus Inc (CARG) Stock

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CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 120,000 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $47.76, for a total value of $5,731,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, September 4th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The stock was sold at an average price of $49.01, for a total value of $5,881,200.00.
  • On Thursday, August 30th, Anastasios Parafestas sold 102,442 shares of CarGurus stock. The stock was sold at an average price of $49.66, for a total value of $5,087,269.72.
  • On Tuesday, August 28th, Anastasios Parafestas sold 120,000 shares of CarGurus stock. The stock was sold at an average price of $49.89, for a total value of $5,986,800.00.

CarGurus stock traded down $0.62 during trading on Friday, reaching $47.68. 612,800 shares of the company’s stock were exchanged, compared to its average volume of 620,278. CarGurus Inc has a 52-week low of $25.85 and a 52-week high of $56.17. The stock has a market cap of $5.24 billion and a price-to-earnings ratio of 402.50.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $110.33 million during the quarter, compared to analysts’ expectations of $103.84 million. CarGurus had a net margin of 10.34% and a return on equity of 12.60%. analysts predict that CarGurus Inc will post 0.1 earnings per share for the current year.

A number of analysts recently weighed in on the stock. JMP Securities raised shares of CarGurus from a “market perform” rating to an “outperform” rating and set a $55.00 price target for the company in a research report on Wednesday, August 8th. Zacks Investment Research cut shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Royal Bank of Canada raised shares of CarGurus from a “sector perform” rating to an “outperform” rating and set a $33.00 price target for the company in a research report on Wednesday, August 8th. ValuEngine raised shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Finally, BidaskClub raised shares of CarGurus from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 26th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $44.17.

Large investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its position in 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 buying an additional 321,230 shares during the last quarter. Millennium Management LLC purchased a new position in CarGurus in the 1st quarter valued at about $499,000. TD Asset Management Inc. boosted its position in 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 buying an additional 27,220 shares during the last quarter. First Interstate Bank boosted its position in 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 buying an additional 5,028 shares during the last quarter. Finally, BBT Capital Management LLC purchased a new position in CarGurus in the 2nd quarter valued at about $5,033,000. 63.29% of the stock is owned by institutional investors.

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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