CarGurus, Inc. (NASDAQ:CARG – Get Free Report) CTO Matthew Todd Quinn sold 3,978 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $24.91, for a total transaction of $99,091.98. Following the transaction, the chief technology officer now directly owns 217,374 shares in the company, valued at $5,414,786.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
CarGurus Stock Performance
NASDAQ CARG opened at $24.33 on Friday. The firm has a 50-day simple moving average of $24.34 and a 200 day simple moving average of $23.57. CarGurus, Inc. has a twelve month low of $16.70 and a twelve month high of $26.90. The stock has a market cap of $2.53 billion, a PE ratio of 86.89, a PEG ratio of 1.48 and a beta of 1.57.
CarGurus (NASDAQ:CARG – Get Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. CarGurus had a net margin of 4.04% and a return on equity of 8.80%. The business had revenue of $215.80 million during the quarter, compared to analysts’ expectations of $217.29 million. Research analysts forecast that CarGurus, Inc. will post 0.98 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several equities analysts have commented on CARG shares. JMP Securities raised shares of CarGurus from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Friday, June 7th. DA Davidson upped their price target on shares of CarGurus from $22.00 to $25.50 and gave the company a “neutral” rating in a report on Monday, May 13th. Citigroup upped their price target on shares of CarGurus from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday. UBS Group upped their price target on shares of CarGurus from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Finally, Royal Bank of Canada upped their price target on shares of CarGurus from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.41.
View Our Latest Stock Analysis on CARG
About CarGurus
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.
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