CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas Sells 15,000 Shares

CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 15,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $37.28, for a total value of $559,200.00. Following the sale, the director now owns 10,618 shares of the company’s stock, valued at approximately $395,839.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Monday, November 11th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The shares were sold at an average price of $38.03, for a total value of $1,140,900.00.
  • On Thursday, October 31st, Anastasios Parafestas sold 50,000 shares of CarGurus stock. The shares were sold at an average price of $35.27, for a total value of $1,763,500.00.
  • On Tuesday, October 29th, Anastasios Parafestas sold 50,000 shares of CarGurus stock. The shares were sold at an average price of $33.36, for a total value of $1,668,000.00.
  • On Wednesday, October 23rd, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $32.94, for a total value of $658,800.00.
  • On Friday, October 25th, Anastasios Parafestas sold 35,000 shares of CarGurus stock. The shares were sold at an average price of $32.94, for a total value of $1,152,900.00.
  • On Monday, October 21st, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $31.83, for a total value of $636,600.00.
  • On Thursday, October 17th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $31.03, for a total value of $620,600.00.
  • On Tuesday, October 8th, Anastasios Parafestas sold 8,290 shares of CarGurus stock. The shares were sold at an average price of $28.68, for a total value of $237,757.20.
  • On Wednesday, October 2nd, Anastasios Parafestas sold 10,000 shares of CarGurus stock. The shares were sold at an average price of $30.94, for a total value of $309,400.00.
  • On Friday, October 4th, Anastasios Parafestas sold 10,000 shares of CarGurus stock. The shares were sold at an average price of $30.29, for a total value of $302,900.00.

CARG traded up $0.50 during midday trading on Tuesday, hitting $38.30. 54,686 shares of the company were exchanged, compared to its average volume of 863,212. The company’s 50 day simple moving average is $32.12 and its 200 day simple moving average is $34.69. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 67.19, a price-to-earnings-growth ratio of 2.72 and a beta of 1.88. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 0.24. CarGurus Inc has a 1-year low of $28.65 and a 1-year high of $45.25.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.10. The company had revenue of $150.50 million for the quarter, compared to the consensus estimate of $147.99 million. CarGurus had a return on equity of 18.30% and a net margin of 7.44%. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS. On average, equities analysts anticipate that CarGurus Inc will post 0.35 EPS for the current year.

CARG has been the topic of several research reports. JMP Securities cut their target price on CarGurus to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. ValuEngine raised CarGurus from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Consumer Edge initiated coverage on CarGurus in a research report on Friday, August 2nd. They issued an “overweight” rating on the stock. Zacks Investment Research downgraded CarGurus from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, TheStreet raised CarGurus from a “d+” rating to a “c-” rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. CarGurus presently has a consensus rating of “Buy” and an average target price of $47.58.

A number of institutional investors and hedge funds have recently made changes to their positions in CARG. Tower Research Capital LLC TRC grew its position in CarGurus by 208.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,114 shares of the company’s stock worth $34,000 after purchasing an additional 753 shares during the period. Advisor Group Inc. grew its position 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 purchasing an additional 424 shares during the period. Point72 Hong Kong Ltd grew its position in CarGurus by 2,651.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,284 shares of the company’s stock worth $82,000 after purchasing an additional 2,201 shares during the period. CSat Investment Advisory L.P. acquired a new stake in CarGurus during the 2nd quarter worth about $90,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in CarGurus during the 2nd quarter worth about $145,000. 66.14% of the stock is currently owned by institutional investors.

CarGurus Company Profile

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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