CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales Sells 20,000 Shares

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 20,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $38.36, for a total value of $767,200.00. Following the completion of the transaction, the chief operating officer now owns 400,025 shares in the company, valued at approximately $15,344,959. This trade represents a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Samuel Zales also recently made the following trade(s):

• On Thursday, January 2nd, Samuel Zales sold 9,857 shares of CarGurus stock. The stock was sold at an average price of $36.62, for a total value of $360,963.34.
• On Monday, December 16th, Samuel Zales sold 7,500 shares of CarGurus stock. The stock was sold at an average price of $37.70, for a total value of $282,750.00.
• On Monday, November 18th, Samuel Zales sold 25,168 shares of CarGurus stock. The stock was sold at an average price of $35.43, for a total value of $891,702.24.

CarGurus Stock Up 1.7 %

CARG traded up $0.65 on Tuesday, hitting $39.07. The company had a trading volume of 735,319 shares, compared to its average volume of 787,224. The company has a market cap of $4.05 billion, a PE ratio of -84.93, a PEG ratio of 1.80 and a beta of 1.59. CarGurus, Inc. has a 12-month low of $21.18 and a 12-month high of $41.33. The business’s fifty day simple moving average is $37.62 and its 200 day simple moving average is $32.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CARG. Algert Global LLC purchased a new position in CarGurus in the second quarter worth about $223,000. SG Americas Securities LLC purchased a new position in shares of CarGurus during the third quarter valued at approximately $211,000. GAMMA Investing LLC boosted its position in shares of CarGurus by 19.0% during the third quarter. GAMMA Investing LLC now owns 2,459 shares of the company’s stock valued at $74,000 after buying an additional 393 shares during the period. Kathleen S. Wright Associates Inc. purchased a new position in shares of CarGurus during the third quarter valued at approximately $30,000. Finally, Creative Planning boosted its position in shares of CarGurus by 152.3% during the third quarter. Creative Planning now owns 25,391 shares of the company’s stock valued at $762,000 after buying an additional 15,328 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. B. Riley raised their price target on CarGurus from $30.00 to $40.00 and gave the company a “buy” rating in a report on Monday, November 11th. BTIG Research raised their price target on CarGurus from $30.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price target on CarGurus from $36.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, November 8th. DA Davidson raised their price target on CarGurus from $26.50 to $38.50 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Citigroup raised CarGurus from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.41.

CarGurus Company Profile

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.