CarGurus Inc (NASDAQ:CARG) insider Oliver Ian Chrzan sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $38.41, for a total value of $230,460.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
Oliver Ian Chrzan also recently made the following trade(s):
Get CarGurus alerts: On Friday, November 16th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $38.29, for a total value of $229,740.00. On Tuesday, November 13th, Oliver Ian Chrzan sold 24,000 shares of CarGurus stock. The shares were sold at an average price of $41.88, for a total value of $1,005,120.00. On Friday, November 9th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $41.74, for a total value of $250,440.00. On Friday, November 2nd, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $45.14, for a total value of $270,840.00. On Friday, October 26th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $41.73, for a total value of $250,380.00. On Friday, October 19th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $41.49, for a total value of $248,940.00. On Monday, October 15th, Oliver Ian Chrzan sold 30,000 shares of CarGurus stock. The stock was sold at an average price of $41.87, for a total value of $1,256,100.00. On Friday, October 5th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $49.96, for a total value of $299,760.00. On Friday, September 28th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $55.41, for a total value of $332,460.00. On Friday, September 21st, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $51.55, for a total value of $309,300.00. Shares of NASDAQ CARG traded up $1.26 during midday trading on Monday, hitting $39.30. The company’s stock had a trading volume of 488,483 shares, compared to its average volume of 739,314. CarGurus Inc has a 12-month low of $28.52 and a 12-month high of $57.25. The company has a market cap of $4.19 billion and a price-to-earnings ratio of 327.50.
CarGurus (NASDAQ:CARG) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The company had revenue of $119.04 million for the quarter, compared to the consensus estimate of $112.70 million. CarGurus had a return on equity of 9.82% and a net margin of 11.78%. CarGurus’s quarterly revenue was up 43.4% on a year-over-year basis. During the same period last year, the business posted $0.02 EPS. Research analysts expect that CarGurus Inc will post 0.13 EPS for the current year.
Several equities research analysts have recently weighed in on CARG shares. Zacks Investment Research upgraded CarGurus from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Thursday, August 2nd. JMP Securities upgraded CarGurus from a “market perform” rating to an “outperform” rating and set a $55.00 price target on the stock in a report on Wednesday, August 8th. Royal Bank of Canada upgraded CarGurus from a “sector perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a report on Wednesday, August 8th. DA Davidson set a $53.00 price target on CarGurus and gave the stock a “buy” rating in a report on Wednesday, August 8th. Finally, Benchmark increased their price target on CarGurus from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. CarGurus has an average rating of “Buy” and a consensus target price of $51.57.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CARG. Cubist Systematic Strategies LLC purchased a new position in CarGurus during the 2nd quarter worth $205,000. NEXT Financial Group Inc purchased a new position in CarGurus during the 3rd quarter worth $206,000. CIBC Asset Management Inc purchased a new position in CarGurus during the 3rd quarter worth $209,000. NumerixS Investment Technologies Inc purchased a new position in CarGurus during the 2nd quarter worth $227,000. Finally, LPL Financial LLC purchased a new position in CarGurus during the 3rd quarter worth $234,000. Institutional investors own 64.76% of the company’s stock.
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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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