CarGurus (NASDAQ:CARG) Director Anastasios Parafestas sold 48,482 shares of the business’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $32.30, for a total transaction of $1,565,968.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
CarGurus opened at $32.19 on Friday, MarketBeat reports. CarGurus has a twelve month low of $31.29 and a twelve month high of $32.72. The stock has a market capitalization of $3.47 billion and a PE ratio of 268.25.
CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Thursday, May 3rd. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $98.70 million for the quarter, compared to the consensus estimate of $94.15 million. The company’s revenue for the quarter was up 47.3% on a year-over-year basis. research analysts anticipate that CarGurus will post 0.11 earnings per share for the current year.
A number of analysts have recently weighed in on the stock. DA Davidson upgraded shares of CarGurus from a “neutral” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Tuesday, May 1st. They noted that the move was a valuation call. Benchmark boosted their target price on shares of CarGurus from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Sunday, May 6th. BidaskClub downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a report on Saturday, April 14th. Zacks Investment Research upgraded shares of CarGurus from a “sell” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Tuesday, May 1st. Finally, ValuEngine downgraded shares of CarGurus from a “hold” rating to a “sell” rating in a report on Tuesday, May 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $35.80.
Large investors have recently modified their holdings of the stock. Quantitative Systematic Strategies LLC bought a new position in CarGurus during the 4th quarter valued at about $210,000. A.R.T. Advisors LLC bought a new position in CarGurus during the 1st quarter valued at about $290,000. Skye Global Management LP bought a new position in CarGurus during the 1st quarter valued at about $308,000. Arrowstreet Capital Limited Partnership bought a new position in CarGurus during the 4th quarter valued at about $271,000. Finally, Millennium Management LLC bought a new position in CarGurus during the 1st quarter valued at about $499,000. Institutional investors own 57.39% 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.
Receive News & Ratings for CarGurus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarGurus and related companies with MarketBeat.com's FREE daily email newsletter.