Oliver Ian Chrzan Sells 6,000 Shares of CarGurus Inc (CARG) Stock

CarGurus Inc (NASDAQ:CARG) insider Oliver Ian Chrzan sold 6,000 shares of the firm’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $45.14, for a total transaction of $270,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Friday, October 26th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $41.73, for a total transaction of $250,380.00.
  • On Friday, October 19th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $41.49, for a total transaction of $248,940.00.
  • On Monday, October 15th, Oliver Ian Chrzan sold 30,000 shares of CarGurus stock. The shares were sold at an average price of $41.87, for a total transaction of $1,256,100.00.
  • On Friday, October 5th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $49.96, for a total transaction of $299,760.00.
  • On Friday, September 28th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $55.41, for a total transaction of $332,460.00.
  • On Friday, September 21st, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $51.55, for a total transaction of $309,300.00.
  • On Friday, September 14th, Oliver Ian Chrzan sold 30,000 shares of CarGurus stock. The shares were sold at an average price of $51.84, for a total transaction of $1,555,200.00.
  • On Friday, September 7th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $47.94, for a total transaction of $287,640.00.
  • On Friday, August 31st, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $49.11, for a total transaction of $294,660.00.
  • On Friday, August 24th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $49.63, for a total transaction of $297,780.00.

Shares of NASDAQ CARG opened at $42.25 on Wednesday. The stock has a market capitalization of $4.92 billion and a PE ratio of 352.08. CarGurus Inc has a 1 year low of $28.00 and a 1 year high of $57.25.

CarGurus (NASDAQ:CARG) last issued its earnings results on Tuesday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $110.33 million for the quarter, compared to analyst estimates of $103.84 million. CarGurus had a net margin of 10.34% and a return on equity of 12.60%. On average, sell-side analysts expect that CarGurus Inc will post 0.1 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on the stock. DA Davidson set a $53.00 price objective on shares of CarGurus and gave the company a “buy” rating in a research report on Wednesday, August 8th. BidaskClub cut shares of CarGurus from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 3rd. ValuEngine upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research upgraded shares of CarGurus from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Thursday, August 2nd. Finally, Royal Bank of Canada raised shares of CarGurus from a “sector perform” rating to an “outperform” rating and set a $33.00 target price on the stock in a research note on Wednesday, August 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $48.00.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Allen Investment Management LLC bought a new position in shares of CarGurus in the 3rd quarter valued at about $371,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of CarGurus in the 3rd quarter valued at about $1,251,000. CIBC Asset Management Inc bought a new position in shares of CarGurus in the 3rd quarter valued at about $209,000. Comerica Bank bought a new position in shares of CarGurus in the 3rd quarter valued at about $722,000. Finally, Chicago Equity Partners LLC bought a new position in shares of CarGurus in the 3rd quarter valued at about $3,336,000. 63.35% of the stock is currently owned by institutional investors.

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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.

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

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