CarGurus Inc (NASDAQ:CARG) CEO Langley Steinert Sells 130,456 Shares

CarGurus Inc (NASDAQ:CARG) CEO Langley Steinert sold 130,456 shares of the stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $36.36, for a total transaction of $4,743,380.16. The sale was disclosed in a filing with the SEC, which is available through this link.

Langley Steinert also recently made the following trade(s):

  • On Friday, July 5th, Langley Steinert sold 58,703 shares of CarGurus stock. The stock was sold at an average price of $36.01, for a total transaction of $2,113,895.03.
  • On Wednesday, July 3rd, Langley Steinert sold 176,109 shares of CarGurus stock. The stock was sold at an average price of $36.05, for a total transaction of $6,348,729.45.
  • On Monday, June 10th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $35.18, for a total transaction of $4,130,343.08.
  • On Thursday, June 6th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $34.27, for a total transaction of $4,023,503.62.
  • On Tuesday, June 4th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $33.68, for a total transaction of $3,954,234.08.
  • On Wednesday, May 8th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $40.06, for a total transaction of $4,703,284.36.
  • On Monday, May 6th, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $40.59, for a total transaction of $4,765,509.54.
  • On Thursday, May 2nd, Langley Steinert sold 117,406 shares of CarGurus stock. The stock was sold at an average price of $39.88, for a total transaction of $4,682,151.28.

Shares of NASDAQ CARG opened at $37.97 on Friday. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 66.61, a PEG ratio of 4.14 and a beta of 1.83. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.25. CarGurus Inc has a 1 year low of $30.29 and a 1 year high of $57.25. The company has a 50-day simple moving average of $35.89.

CarGurus (NASDAQ:CARG) last issued its earnings results on Thursday, May 9th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.09. The company had revenue of $135.30 million for the quarter, compared to analyst estimates of $129.54 million. CarGurus had a net margin of 13.94% and a return on equity of 18.43%. The company’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 EPS. As a group, equities research analysts expect that CarGurus Inc will post 0.23 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its stake in CarGurus by 1.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,972 shares of the company’s stock worth $880,000 after acquiring an additional 270 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in CarGurus by 0.9% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 52,080 shares of the company’s stock worth $2,086,000 after acquiring an additional 460 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in CarGurus during the 4th quarter worth approximately $30,000. Comerica Bank boosted its stake in CarGurus by 7.2% during the 1st quarter. Comerica Bank now owns 18,632 shares of the company’s stock worth $740,000 after acquiring an additional 1,248 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its stake in CarGurus by 0.3% during the 4th quarter. Two Sigma Advisers LP now owns 777,920 shares of the company’s stock worth $26,239,000 after acquiring an additional 2,000 shares during the last quarter. 74.79% of the stock is currently owned by institutional investors.

A number of brokerages have commented on CARG. SunTrust Banks decreased their price objective on shares of EOG Resources to $120.00 and set a “buy” rating on the stock in a report on Wednesday, June 12th. Goldman Sachs Group set a €137.00 ($159.30) price objective on shares of Safran and gave the stock a “buy” rating in a report on Monday, March 18th. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. DA Davidson set a $54.00 price objective on shares of CarGurus and gave the stock a “buy” rating in a report on Tuesday, March 26th. Finally, TheStreet raised shares of Third Point Reinsurance from a “d+” rating to a “c-” rating in a research note on Tuesday, May 14th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. CarGurus presently has an average rating of “Buy” and a consensus target price of $48.92.

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.

Recommended Story: What is Elliott Wave theory?

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

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.