CarGurus Inc (CARG) VP Sells $207,780.00 in Stock

CarGurus Inc (NASDAQ:CARG) VP Oliver Ian Chrzan sold 6,000 shares of CarGurus stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $34.63, for a total transaction of $207,780.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Oliver Ian Chrzan also recently made the following trade(s):

  • On Friday, June 22nd, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $34.49, for a total transaction of $206,940.00.
  • On Friday, June 15th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $35.11, for a total transaction of $210,660.00.
  • On Monday, June 11th, Oliver Ian Chrzan sold 1,472 shares of CarGurus stock. The shares were sold at an average price of $35.00, for a total transaction of $51,520.00.
  • On Friday, June 8th, Oliver Ian Chrzan sold 28,528 shares of CarGurus stock. The shares were sold at an average price of $34.72, for a total transaction of $990,492.16.
  • On Friday, June 1st, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $32.65, for a total transaction of $195,900.00.
  • On Friday, May 25th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $30.99, for a total transaction of $185,940.00.
  • On Friday, May 18th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $32.03, for a total transaction of $192,180.00.
  • On Friday, May 4th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $30.49, for a total transaction of $182,940.00.
  • On Friday, April 27th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $30.59, for a total transaction of $183,540.00.
  • On Friday, April 20th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $32.92, for a total transaction of $197,520.00.

CarGurus opened at $35.52 on Wednesday, MarketBeat reports. The firm has a market cap of $3.86 billion and a P/E ratio of 296.00. CarGurus Inc has a twelve month low of $25.85 and a twelve month high of $40.60.

CarGurus (NASDAQ:CARG) last posted its earnings results on Thursday, May 3rd. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The business had revenue of $98.70 million for the quarter, compared to analyst estimates of $94.15 million. The business’s revenue for the quarter was up 47.3% on a year-over-year basis. research analysts forecast that CarGurus Inc will post 0.11 earnings per share for the current fiscal year.

Several analysts have recently issued reports on CARG shares. Zacks Investment Research cut shares of CarGurus from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. ValuEngine cut shares of CarGurus from a “hold” rating to a “sell” rating in a research note on Tuesday, May 1st. Benchmark reissued a “buy” rating and set a $44.00 price objective (up from $42.00) on shares of CarGurus in a research note on Monday, April 30th. DA Davidson started coverage on shares of CarGurus in a research note on Wednesday, April 4th. They set a “neutral” rating and a $41.00 price objective for the company. Finally, BidaskClub cut shares of CarGurus from a “buy” rating to a “hold” rating in a research note on Saturday, April 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.80.

Several large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of CarGurus by 13.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 3,808,722 shares of the company’s stock valued at $146,522,000 after acquiring an additional 466,106 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of CarGurus by 55.6% during the 1st quarter. Lord Abbett & CO. LLC now owns 970,288 shares of the company’s stock valued at $37,327,000 after acquiring an additional 346,567 shares in the last quarter. Clearbridge Investments LLC acquired a new position in shares of CarGurus during the 4th quarter valued at $6,752,000. Geode Capital Management LLC acquired a new position in shares of CarGurus during the 4th quarter valued at $5,533,000. Finally, ArrowMark Colorado Holdings LLC acquired a new position in shares of CarGurus during the 4th quarter valued at $4,054,000. Institutional investors and hedge funds own 50.56% of the company’s stock.

CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars worldwide. The company's marketplace enables users with third-party validation on pricing, dealer reputation, and other information. As of June 30, 2017, it had an active dealer network of approximately 40,000 dealers; and approximately 5.4 million car listings.

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

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