CarGurus, Inc. (NASDAQ:CARG) COO Sells $767,200.00 in Stock

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 20,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $38.36, for a total value of $767,200.00. Following the sale, the chief operating officer now owns 400,025 shares of the company’s stock, valued at $15,344,959. This represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, January 2nd, Samuel Zales sold 9,857 shares of CarGurus stock. The shares were sold at an average price of $36.62, for a total value of $360,963.34.
• On Monday, December 16th, Samuel Zales sold 7,500 shares of CarGurus stock. The shares were sold at an average price of $37.70, for a total value of $282,750.00.
• On Monday, November 18th, Samuel Zales sold 25,168 shares of CarGurus stock. The shares were sold at an average price of $35.43, for a total value of $891,702.24.

CarGurus Price Performance

CARG stock traded up $0.65 on Tuesday, reaching $39.07. 735,319 shares of the company traded hands, compared to its average volume of 787,224. CarGurus, Inc. has a one year low of $21.18 and a one year high of $41.33. The company has a market cap of $4.05 billion, a P/E ratio of -84.93, a price-to-earnings-growth ratio of 1.80 and a beta of 1.59. The firm has a fifty day simple moving average of $37.62 and a 200-day simple moving average of $32.51.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC boosted its stake in CarGurus by 198.5% during the 4th quarter. Global Retirement Partners LLC now owns 800 shares of the company’s stock valued at $29,000 after purchasing an additional 532 shares during the last quarter. Fifth Third Bancorp boosted its stake in CarGurus by 100.0% during the 4th quarter. Fifth Third Bancorp now owns 912 shares of the company’s stock valued at $33,000 after purchasing an additional 456 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in CarGurus during the 3rd quarter valued at $28,000. Principal Securities Inc. boosted its stake in CarGurus by 82.7% during the 4th quarter. Principal Securities Inc. now owns 937 shares of the company’s stock valued at $34,000 after purchasing an additional 424 shares during the last quarter. Finally, USA Financial Formulas purchased a new stake in CarGurus during the 4th quarter valued at $35,000. Institutional investors own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on CARG shares. BTIG Research upped their price target on CarGurus from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Citigroup raised CarGurus from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Jefferies Financial Group increased their target price on CarGurus from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada increased their target price on CarGurus from $30.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their target price on CarGurus from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CarGurus currently has an average rating of “Moderate Buy” and a consensus target price of $38.41.

CarGurus Company Profile

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.