CarGurus, Inc. (NASDAQ:CARG) Major Shareholder Argonaut 22 Llc Sells 1,523,000 Shares

CarGurus, Inc. (NASDAQ:CARG) major shareholder Argonaut 22 Llc sold 1,523,000 shares of CarGurus stock in a transaction on Monday, October 16th. The shares were sold at an average price of $14.88, for a total value of $22,662,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of CarGurus, Inc. (NASDAQ CARG) traded up 3.10% on Friday, reaching $30.96. The company had a trading volume of 299,499 shares. The company has a 50 day moving average price of $28.88 and a 200 day moving average price of $28.88. The stock’s market capitalization is $2.39 billion. CarGurus, Inc. has a 52-week low of $25.85 and a 52-week high of $35.00.

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CarGurus Company Profile

CarGurus, Inc is an online automotive marketplace connecting buyers and sellers of new and used cars. Using proprietary technology, search algorithms, and data analytics. The Company’s marketplace empowers users with unbiased third-party validation on pricing and dealer reputation as well as other information that aids them in finding Great Deals from Great Dealers.

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