CarGurus Inc (NASDAQ:CARG) CEO Sells $3,971,844.98 in Stock

CarGurus Inc (NASDAQ:CARG) CEO Langley Steinert sold 117,406 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $33.83, for a total transaction of $3,971,844.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Langley Steinert also recently made the following trade(s):

  • On Friday, August 2nd, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $36.69, for a total transaction of $4,307,626.14.
  • On Wednesday, July 10th, Langley Steinert sold 130,456 shares of CarGurus stock. The stock was sold at an average price of $36.36, for a total transaction of $4,743,380.16.
  • On Friday, July 5th, Langley Steinert sold 58,703 shares of CarGurus stock. The stock was sold at an average price of $36.01, for a total transaction of $2,113,895.03.
  • On Wednesday, July 3rd, Langley Steinert sold 176,109 shares of CarGurus stock. The stock was sold at an average price of $36.05, for a total transaction of $6,348,729.45.
  • On Monday, June 10th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $35.18, for a total transaction of $4,130,343.08.
  • On Thursday, June 6th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $34.27, for a total transaction of $4,023,503.62.
  • On Tuesday, June 4th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $33.68, for a total transaction of $3,954,234.08.

NASDAQ CARG traded up $0.12 during trading on Wednesday, reaching $33.00. 2,280,251 shares of the company’s stock traded hands, compared to its average volume of 864,111. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.74 and a current ratio of 2.74. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 57.89, a price-to-earnings-growth ratio of 4.00 and a beta of 1.83. The company has a 50 day simple moving average of $36.54. CarGurus Inc has a 12-month low of $30.22 and a 12-month high of $57.25.

CarGurus (NASDAQ:CARG) last posted its earnings results on Tuesday, August 6th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $145.03 million for the quarter, compared to the consensus estimate of $140.67 million. CarGurus had a net margin of 13.94% and a return on equity of 18.43%. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. As a group, analysts predict that CarGurus Inc will post 0.23 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CARG. Advisor Group Inc. increased its position in CarGurus by 55.1% during the 2nd quarter. Advisor Group Inc. now owns 1,194 shares of the company’s stock valued at $42,000 after purchasing an additional 424 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of CarGurus in the 1st quarter worth approximately $136,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of CarGurus in the 2nd quarter worth approximately $145,000. Raymond James Trust N.A. purchased a new position in shares of CarGurus in the 1st quarter worth approximately $203,000. Finally, Janus Henderson Group PLC purchased a new position in shares of CarGurus in the 2nd quarter worth approximately $203,000. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently commented on CARG shares. ValuEngine raised shares of CarGurus from a “hold” rating to a “buy” rating in a research note on Tuesday. BTIG Research reduced their price target on shares of CarGurus to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Zacks Investment Research downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research note on Wednesday. Consumer Edge began coverage on shares of CarGurus in a research report on Friday, August 2nd. They set an “overweight” rating on the stock. Finally, TheStreet downgraded shares of CarGurus from a “c-” rating to a “d+” rating in a research report on Tuesday, May 14th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $48.92.

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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