Insider Selling: CarGurus Inc (NASDAQ:CARG) Director Sells 86,482 Shares of Stock

CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 86,482 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $36.85, for a total transaction of $3,186,861.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, July 17th, Anastasios Parafestas sold 74,582 shares of CarGurus stock. The stock was sold at an average price of $37.07, for a total transaction of $2,764,754.74.
  • On Friday, July 12th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The stock was sold at an average price of $37.54, for a total transaction of $1,126,200.00.
  • On Wednesday, July 10th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The stock was sold at an average price of $36.81, for a total transaction of $1,104,300.00.
  • On Monday, July 8th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The shares were sold at an average price of $35.95, for a total transaction of $1,078,500.00.
  • On Wednesday, July 3rd, Anastasios Parafestas sold 45,000 shares of CarGurus stock. The stock was sold at an average price of $36.07, for a total transaction of $1,623,150.00.
  • On Friday, June 28th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $35.77, for a total transaction of $2,861,600.00.
  • On Monday, June 24th, Anastasios Parafestas sold 188,049 shares of CarGurus stock. The stock was sold at an average price of $38.69, for a total transaction of $7,275,615.81.
  • On Thursday, June 20th, Anastasios Parafestas sold 131,000 shares of CarGurus stock. The stock was sold at an average price of $38.53, for a total transaction of $5,047,430.00.
  • On Tuesday, June 18th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $36.26, for a total transaction of $2,900,800.00.
  • On Friday, June 14th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The stock was sold at an average price of $35.71, for a total transaction of $1,071,300.00.

NASDAQ CARG traded down $0.61 on Friday, hitting $35.61. 447,398 shares of the stock were exchanged, compared to its average volume of 945,038. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.74 and a quick ratio of 2.74. The business has a fifty day simple moving average of $36.23. CarGurus Inc has a 52 week low of $30.29 and a 52 week high of $57.25. The stock has a market capitalization of $4.01 billion, a P/E ratio of 62.47, a PEG ratio of 4.00 and a beta of 1.83.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.09. CarGurus had a net margin of 13.94% and a return on equity of 18.43%. The firm had revenue of $135.30 million for the quarter, compared to analyst estimates of $129.54 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 37.2% compared to the same quarter last year. On average, equities analysts expect that CarGurus Inc will post 0.23 EPS for the current fiscal year.

Several brokerages recently issued reports on CARG. Benchmark reissued a “buy” rating and set a $18.00 price target on shares of TEGNA in a report on Friday, May 10th. DA Davidson set a $54.00 price target on shares of CarGurus and gave the stock a “buy” rating in a research report on Tuesday, March 26th. BTIG Research set a $14.00 price objective on shares of ARBOR RLTY TR I/SH and gave the company a “buy” rating in a report on Wednesday, April 17th. Cowen started coverage on shares of TrueCar in a report on Monday, May 20th. They set a “hold” rating and a $7.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $48.92.

A number of hedge funds and other institutional investors have recently bought and sold shares of CARG. Capital Impact Advisors LLC bought a new position in shares of CarGurus in the second quarter worth about $1,967,000. Xact Kapitalforvaltning AB lifted its holdings in shares of CarGurus by 77.4% in the second quarter. Xact Kapitalforvaltning AB now owns 9,400 shares of the company’s stock worth $339,000 after acquiring an additional 4,100 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of CarGurus in the first quarter worth about $296,000. First Trust Advisors LP lifted its holdings in shares of CarGurus by 24.4% in the first quarter. First Trust Advisors LP now owns 92,854 shares of the company’s stock worth $3,720,000 after acquiring an additional 18,225 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of CarGurus by 0.7% in the first quarter. FMR LLC now owns 10,915,766 shares of the company’s stock worth $437,286,000 after acquiring an additional 79,685 shares during the last quarter. 74.79% of the stock is currently owned by hedge funds and other institutional investors.

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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