CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas Sells 10,000 Shares of Stock

CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 10,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.82, for a total value of $318,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, August 16th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $31.12, for a total value of $622,400.00.
  • On Tuesday, August 13th, Anastasios Parafestas sold 13,002 shares of CarGurus stock. The shares were sold at an average price of $32.17, for a total value of $418,274.34.
  • On Wednesday, August 7th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $32.91, for a total value of $658,200.00.
  • On Thursday, August 1st, Anastasios Parafestas sold 55,000 shares of CarGurus stock. The shares were sold at an average price of $37.40, for a total value of $2,057,000.00.
  • On Tuesday, July 30th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $36.85, for a total value of $2,948,000.00.
  • On Friday, July 26th, Anastasios Parafestas sold 75,900 shares of CarGurus stock. The shares were sold at an average price of $36.57, for a total value of $2,775,663.00.
  • On Wednesday, July 24th, Anastasios Parafestas sold 111,400 shares of CarGurus stock. The shares were sold at an average price of $35.65, for a total value of $3,971,410.00.
  • On Friday, July 19th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $36.05, for a total value of $2,884,000.00.
  • 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 value 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 value of $1,126,200.00.

Shares of CARG traded down $0.38 during trading hours on Thursday, reaching $32.01. 9,992 shares of the company’s stock traded hands, compared to its average volume of 996,462. The stock has a market cap of $4.25 billion, a PE ratio of 56.19, a price-to-earnings-growth ratio of 3.59 and a beta of 1.83. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.23. The firm’s 50 day simple moving average is $35.05 and its 200-day simple moving average is $37.60. CarGurus Inc has a 12 month low of $30.22 and a 12 month high of $57.25.

CarGurus (NASDAQ:CARG) last released its earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.03. The company had revenue of $145.03 million during the quarter, compared to the consensus estimate of $140.67 million. CarGurus had a return on equity of 17.12% and a net margin of 8.22%. CarGurus’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. As a group, analysts expect that CarGurus Inc will post 0.24 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. increased its stake in shares of CarGurus by 55.1% during the second quarter. Advisor Group Inc. now owns 1,194 shares of the company’s stock valued at $42,000 after buying an additional 424 shares during the period. Point72 Hong Kong Ltd boosted its position in shares of CarGurus by 2,651.8% during the second quarter. Point72 Hong Kong Ltd now owns 2,284 shares of the company’s stock valued at $82,000 after purchasing an additional 2,201 shares in the last quarter. CSat Investment Advisory L.P. bought a new stake in shares of CarGurus during the second quarter valued at approximately $90,000. DekaBank Deutsche Girozentrale bought a new stake in shares of CarGurus during the first quarter valued at approximately $136,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of CarGurus during the second quarter valued at approximately $145,000. Institutional investors own 66.83% of the company’s stock.

CARG has been the subject of several recent research reports. Zacks Investment Research raised CarGurus from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a report on Friday, August 9th. SunTrust Banks restated a “buy” rating and issued a $54.00 target price on shares of CarGurus in a research note on Wednesday, June 12th. Benchmark restated a “buy” rating and issued a $51.00 target price on shares of CarGurus in a research note on Friday, May 10th. ValuEngine upgraded CarGurus from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, BidaskClub downgraded CarGurus from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $48.42.

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.

Featured Story: How do buyers and sellers choose a strike price?

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

Receive News & Ratings for CarGurus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarGurus and related companies with MarketBeat.com's FREE daily email newsletter.