CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales Sells 25,168 Shares

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 25,168 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $31.62, for a total value of $795,812.16. Following the sale, the chief operating officer now owns 449,821 shares of the company’s stock, valued at $14,223,340.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, August 16th, Samuel Zales sold 25,168 shares of CarGurus stock. The stock was sold at an average price of $28.34, for a total transaction of $713,261.12.

CarGurus Price Performance

Shares of NASDAQ CARG opened at $31.58 on Friday. The stock has a market capitalization of $3.29 billion, a PE ratio of 112.79, a P/E/G ratio of 1.48 and a beta of 1.56. CarGurus, Inc. has a one year low of $16.70 and a one year high of $31.94. The business’s fifty day moving average price is $29.16 and its 200-day moving average price is $25.92.

CarGurus (NASDAQ:CARG) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.23 by $0.07. The business had revenue of $218.69 million for the quarter, compared to the consensus estimate of $214.85 million. CarGurus had a negative net margin of 5.57% and a positive return on equity of 11.06%. As a group, equities analysts expect that CarGurus, Inc. will post 1.18 EPS for the current fiscal year.

Institutional Trading of CarGurus

A number of institutional investors have recently modified their holdings of CARG. Vanguard Group Inc. raised its holdings in CarGurus by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 10,198,538 shares of the company’s stock valued at $235,382,000 after acquiring an additional 107,244 shares during the period. Wellington Management Group LLP raised its stake in shares of CarGurus by 39.6% during the 4th quarter. Wellington Management Group LLP now owns 5,705,962 shares of the company’s stock valued at $137,856,000 after purchasing an additional 1,619,076 shares during the period. Thrivent Financial for Lutherans lifted its holdings in CarGurus by 6.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,461,119 shares of the company’s stock worth $38,282,000 after purchasing an additional 89,346 shares in the last quarter. Select Equity Group L.P. boosted its stake in CarGurus by 2.8% in the 2nd quarter. Select Equity Group L.P. now owns 1,145,692 shares of the company’s stock worth $30,017,000 after purchasing an additional 31,431 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in CarGurus by 26.5% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,090,335 shares of the company’s stock valued at $28,567,000 after buying an additional 228,380 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CARG. Oppenheimer upped their price objective on shares of CarGurus from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. DA Davidson reaffirmed a “neutral” rating and issued a $26.50 target price on shares of CarGurus in a report on Tuesday, September 10th. JMP Securities reiterated a “market outperform” rating and set a $32.00 price target on shares of CarGurus in a report on Monday, September 9th. JPMorgan Chase & Co. upped their price objective on CarGurus from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. Finally, B. Riley raised their target price on CarGurus from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $29.35.

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.