CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas Sells 30,000 Shares

CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 30,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $35.41, for a total value of $1,062,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Anastasios Parafestas also recently made the following trade(s):

  • On Monday, June 10th, Anastasios Parafestas sold 25,000 shares of CarGurus stock. The stock was sold at an average price of $35.26, for a total value of $881,500.00.
  • On Thursday, June 6th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $34.32, for a total value of $686,400.00.
  • On Tuesday, June 4th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $33.70, for a total value of $674,000.00.
  • On Friday, May 31st, Anastasios Parafestas sold 50,000 shares of CarGurus stock. The stock was sold at an average price of $33.70, for a total value of $1,685,000.00.
  • On Wednesday, May 29th, Anastasios Parafestas sold 33,308 shares of CarGurus stock. The stock was sold at an average price of $34.03, for a total value of $1,133,471.24.
  • On Friday, May 24th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The stock was sold at an average price of $35.36, for a total value of $2,828,800.00.
  • On Wednesday, May 22nd, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $35.82, for a total value of $2,865,600.00.
  • On Monday, May 20th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $36.38, for a total value of $2,910,400.00.
  • On Thursday, May 16th, Anastasios Parafestas sold 71,596 shares of CarGurus stock. The shares were sold at an average price of $37.25, for a total value of $2,666,951.00.
  • On Tuesday, May 14th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The shares were sold at an average price of $38.89, for a total value of $2,333,400.00.

Shares of NASDAQ:CARG opened at $35.65 on Friday. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 62.54, a P/E/G ratio of 6.99 and a beta of 1.95. CarGurus Inc has a 12-month low of $30.29 and a 12-month high of $57.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.74 and a quick ratio of 2.74.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.09. The business had revenue of $135.30 million during the quarter, compared to analysts’ expectations of $129.54 million. CarGurus had a return on equity of 18.43% and a net margin of 13.94%. The firm’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 earnings per share. As a group, research analysts anticipate that CarGurus Inc will post 0.23 EPS for the current year.

A number of research firms have recently commented on CARG. Zacks Investment Research cut CarGurus from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. BidaskClub upgraded CarGurus from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. BTIG Research lowered their target price on CarGurus to $48.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. TheStreet cut CarGurus from a “c-” rating to a “d+” rating in a research note on Tuesday, May 14th. Finally, Cowen began coverage on CarGurus in a research note on Monday, May 20th. They issued a “market perform” rating and a $42.00 target price for the company. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. CarGurus has a consensus rating of “Buy” and a consensus target price of $49.25.

A number of large investors have recently made changes to their positions in the business. FMR LLC increased its holdings in shares of CarGurus by 0.7% in the 1st quarter. FMR LLC now owns 10,915,766 shares of the company’s stock worth $437,286,000 after purchasing an additional 79,685 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of CarGurus by 4.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 7,494,720 shares of the company’s stock worth $300,238,000 after purchasing an additional 295,775 shares in the last quarter. Hound Partners LLC increased its holdings in shares of CarGurus by 61.5% in the 4th quarter. Hound Partners LLC now owns 5,532,298 shares of the company’s stock worth $186,604,000 after purchasing an additional 2,106,372 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of CarGurus by 56.2% in the 1st quarter. Wellington Management Group LLP now owns 3,974,563 shares of the company’s stock worth $159,220,000 after purchasing an additional 1,429,467 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of CarGurus by 20.8% in the 4th quarter. BlackRock Inc. now owns 3,790,254 shares of the company’s stock worth $127,846,000 after purchasing an additional 651,931 shares in the last quarter. Institutional investors and hedge funds own 74.84% of the company’s stock.

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About CarGurus

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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