CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas Sells 6,283 Shares

CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 6,283 shares of CarGurus stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $32.18, for a total value of $202,186.94. Following the sale, the director now directly owns 310,618 shares in the company, valued at $9,995,687.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Anastasios Parafestas also recently made the following trade(s):

  • On Wednesday, August 28th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $31.93, for a total value of $638,600.00.
  • On Friday, August 30th, Anastasios Parafestas sold 35,000 shares of CarGurus stock. The shares were sold at an average price of $32.58, for a total value of $1,140,300.00.
  • On Monday, August 26th, Anastasios Parafestas sold 13,098 shares of CarGurus stock. The shares were sold at an average price of $31.79, for a total value of $416,385.42.
  • On Thursday, August 22nd, Anastasios Parafestas sold 35,000 shares of CarGurus stock. The shares were sold at an average price of $32.23, for a total value of $1,128,050.00.
  • On Monday, August 19th, Anastasios Parafestas sold 10,000 shares of CarGurus stock. The shares were sold at an average price of $31.82, for a total value of $318,200.00.
  • On Friday, August 16th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $31.12, for a total value of $622,400.00.
  • On Tuesday, August 13th, Anastasios Parafestas sold 13,002 shares of CarGurus stock. The stock was sold at an average price of $32.17, for a total value of $418,274.34.
  • On Wednesday, August 7th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $32.91, for a total value of $658,200.00.
  • On Thursday, August 1st, Anastasios Parafestas sold 55,000 shares of CarGurus stock. The stock was sold at an average price of $37.40, for a total value of $2,057,000.00.
  • On Tuesday, July 30th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The stock was sold at an average price of $36.85, for a total value of $2,948,000.00.

NASDAQ:CARG traded up $0.15 during trading hours on Friday, hitting $33.21. 534,931 shares of the stock were exchanged, compared to its average volume of 721,452. The company’s 50 day moving average is $33.56 and its two-hundred day moving average is $36.95. CarGurus Inc has a twelve month low of $30.22 and a twelve month high of $57.25. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $4.37 billion, a P/E ratio of 58.26, a price-to-earnings-growth ratio of 3.69 and a beta of 1.88.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. CarGurus had a return on equity of 17.12% and a net margin of 8.22%. The firm had revenue of $145.03 million for the quarter, compared to the consensus estimate of $140.67 million. During the same quarter in the prior year, the business earned $0.06 EPS. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. On average, equities research analysts expect that CarGurus Inc will post 0.24 EPS for the current year.

Several brokerages have recently commented on CARG. Cowen began coverage on CarGurus in a report on Monday, May 20th. They issued a “market perform” rating and a $42.00 target price on the stock. TheStreet downgraded CarGurus from a “c-” rating to a “d+” rating in a report on Tuesday, May 14th. Zacks Investment Research raised CarGurus from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a report on Friday, August 9th. ValuEngine raised CarGurus from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, SunTrust Banks reissued a “buy” rating and issued a $54.00 target price on shares of CarGurus in a report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. CarGurus presently has a consensus rating of “Buy” and a consensus price target of $48.42.

Large investors have recently bought and sold shares of the business. Advisor Group Inc. lifted its holdings in CarGurus by 55.1% during the 2nd quarter. Advisor Group Inc. now owns 1,194 shares of the company’s stock worth $42,000 after buying an additional 424 shares in the last quarter. Point72 Hong Kong Ltd raised its position in shares of CarGurus by 2,651.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,284 shares of the company’s stock valued at $82,000 after acquiring an additional 2,201 shares during the last quarter. CSat Investment Advisory L.P. bought a new stake in shares of CarGurus during the 2nd quarter valued at $90,000. DekaBank Deutsche Girozentrale bought a new stake in shares of CarGurus during the 1st quarter valued at $136,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of CarGurus during the 2nd quarter valued at $145,000. 66.83% of the stock is currently owned by hedge funds and other institutional investors.

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.

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