CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas Sells 30,000 Shares

CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 30,000 shares of CarGurus stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $36.81, for a total value of $1,104,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • 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 value of $1,078,500.00.
  • On Wednesday, July 3rd, Anastasios Parafestas sold 45,000 shares of CarGurus stock. The shares were sold at an average price of $36.07, for a total value 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 value of $2,861,600.00.
  • On Wednesday, June 26th, Anastasios Parafestas sold 86,482 shares of CarGurus stock. The shares were sold at an average price of $36.85, for a total value of $3,186,861.70.
  • On Monday, June 24th, Anastasios Parafestas sold 188,049 shares of CarGurus stock. The shares were sold at an average price of $38.69, for a total value of $7,275,615.81.
  • On Thursday, June 20th, Anastasios Parafestas sold 131,000 shares of CarGurus stock. The shares were sold at an average price of $38.53, for a total value 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 value of $2,900,800.00.
  • On Friday, June 14th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The shares were sold at an average price of $35.71, for a total value of $1,071,300.00.
  • On Wednesday, June 12th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The shares were sold at an average price of $35.41, for a total value of $1,062,300.00.
  • On Monday, June 10th, Anastasios Parafestas sold 25,000 shares of CarGurus stock. The shares were sold at an average price of $35.26, for a total value of $881,500.00.

Shares of CARG stock opened at $37.97 on Friday. CarGurus Inc has a 1-year low of $30.29 and a 1-year high of $57.25. The stock’s fifty day simple moving average is $35.89. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.25. The stock has a market cap of $4.15 billion, a P/E ratio of 66.61, a price-to-earnings-growth ratio of 4.14 and a beta of 1.83.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, May 9th. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.09. The firm had revenue of $135.30 million for the quarter, compared to the consensus estimate of $129.54 million. CarGurus had a return on equity of 18.43% and a net margin of 13.94%. The firm’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 EPS. Sell-side analysts predict that CarGurus Inc will post 0.23 EPS for the current year.

Several research analysts recently weighed in on the company. TheStreet upgraded Third Point Reinsurance from a “d+” rating to a “c-” rating in a research note on Tuesday, May 14th. Goldman Sachs Group set a €137.00 ($159.30) target price on Safran and gave the stock a “buy” rating in a research note on Monday, March 18th. Cowen assumed coverage on TrueCar in a research note on Monday, May 20th. They set a “hold” rating and a $7.00 target price on the stock. SunTrust Banks dropped their target price on EOG Resources to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, June 12th. Finally, Benchmark restated a “buy” rating and set a $18.00 target price on shares of TEGNA in a research note on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $48.92.

A number of institutional investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System grew its stake in CarGurus by 1.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,972 shares of the company’s stock valued at $880,000 after purchasing an additional 270 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in CarGurus by 0.9% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 52,080 shares of the company’s stock valued at $2,086,000 after purchasing an additional 460 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new stake in CarGurus during the 4th quarter valued at about $30,000. Comerica Bank grew its stake in CarGurus by 7.2% during the 1st quarter. Comerica Bank now owns 18,632 shares of the company’s stock valued at $740,000 after purchasing an additional 1,248 shares during the last quarter. Finally, Two Sigma Advisers LP grew its stake in CarGurus by 0.3% during the 4th quarter. Two Sigma Advisers LP now owns 777,920 shares of the company’s stock valued at $26,239,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 74.79% of the company’s stock.

About CarGurus

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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