CarGurus Inc (CARG) COO Samuel Zales Sells 15,000 Shares

CarGurus Inc (NASDAQ:CARG) COO Samuel Zales sold 15,000 shares of the stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $41.39, for a total transaction of $620,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Samuel Zales also recently made the following trade(s):

  • On Thursday, October 11th, Samuel Zales sold 15,000 shares of CarGurus stock. The shares were sold at an average price of $42.45, for a total transaction of $636,750.00.
  • On Tuesday, September 11th, Samuel Zales sold 15,000 shares of CarGurus stock. The shares were sold at an average price of $51.01, for a total transaction of $765,150.00.

CarGurus stock opened at $38.45 on Friday. CarGurus Inc has a 12-month low of $28.00 and a 12-month high of $57.25. The stock has a market cap of $4.55 billion and a price-to-earnings ratio of 346.67.

CarGurus (NASDAQ:CARG) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. CarGurus had a net margin of 11.78% and a return on equity of 9.82%. The company had revenue of $119.04 million for the quarter, compared to analysts’ expectations of $112.70 million. During the same period last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 43.4% compared to the same quarter last year. Sell-side analysts predict that CarGurus Inc will post 0.13 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. First Interstate Bank boosted its stake in shares of CarGurus by 100,560.0% during the 2nd quarter. First Interstate Bank now owns 5,033 shares of the company’s stock worth $175,000 after purchasing an additional 5,028 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of CarGurus during the 2nd quarter worth about $205,000. NEXT Financial Group Inc acquired a new stake in shares of CarGurus during the 3rd quarter worth about $206,000. CIBC Asset Management Inc acquired a new stake in shares of CarGurus during the 3rd quarter worth about $209,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of CarGurus during the 2nd quarter worth about $227,000. 62.68% of the stock is currently owned by institutional investors.

CARG has been the topic of a number of research reports. BidaskClub raised shares of CarGurus from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 26th. Zacks Investment Research raised shares of CarGurus from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Thursday, August 2nd. JMP Securities raised shares of CarGurus from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a research note on Wednesday, August 8th. Royal Bank of Canada raised shares of CarGurus from a “sector perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a research note on Wednesday, August 8th. Finally, DA Davidson set a $53.00 price objective on shares of CarGurus and gave the company a “buy” rating in a research note on Wednesday, August 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $52.00.

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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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