CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas Sells 50,000 Shares

CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 50,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $33.70, for a total transaction of $1,685,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, June 24th, Anastasios Parafestas sold 188,049 shares of CarGurus stock. The shares were sold at an average price of $38.69, for a total transaction of $7,275,615.81.
  • On Thursday, June 20th, Anastasios Parafestas sold 131,000 shares of CarGurus stock. The shares were sold at an average price of $38.53, for a total transaction of $5,047,430.00.
  • On Tuesday, June 18th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $36.26, for a total transaction of $2,900,800.00.
  • On Friday, June 14th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The shares were sold at an average price of $35.71, for a total transaction of $1,071,300.00.
  • On Wednesday, June 12th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The shares were sold at an average price of $35.41, for a total transaction of $1,062,300.00.
  • On Monday, June 10th, Anastasios Parafestas sold 25,000 shares of CarGurus stock. The shares were sold at an average price of $35.26, for a total transaction of $881,500.00.
  • On Thursday, June 6th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $34.32, for a total transaction of $686,400.00.
  • On Tuesday, June 4th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $33.70, for a total transaction of $674,000.00.
  • On Wednesday, May 29th, Anastasios Parafestas sold 33,308 shares of CarGurus stock. The shares were sold at an average price of $34.03, for a total transaction of $1,133,471.24.
  • On Friday, May 24th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $35.36, for a total transaction of $2,828,800.00.

CARG stock opened at $36.74 on Wednesday. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.25. CarGurus Inc has a twelve month low of $30.29 and a twelve month high of $57.25. The business’s 50 day moving average is $36.39. The firm has a market capitalization of $4.25 billion, a PE ratio of 64.46, a P/E/G ratio of 7.51 and a beta of 1.95.

CarGurus (NASDAQ:CARG) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. CarGurus had a net margin of 13.94% and a return on equity of 18.43%. The company had revenue of $135.30 million for the quarter, compared to analysts’ expectations of $129.54 million. During the same quarter last year, the company earned $0.06 earnings per share. The firm’s revenue for the quarter was up 37.2% on a year-over-year basis. On average, equities analysts predict that CarGurus Inc will post 0.23 EPS for the current year.

Several equities research analysts recently issued reports on CARG shares. Benchmark restated a “buy” rating and set a $50.00 price objective on shares of CarGurus in a research report on Friday, March 1st. Citigroup increased their target price on shares of CarGurus from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. BidaskClub raised shares of CarGurus from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. Zacks Investment Research lowered shares of CarGurus from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $52.00 target price on shares of CarGurus in a research note on Thursday, May 9th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. CarGurus has a consensus rating of “Buy” and an average target price of $49.25.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in shares of CarGurus by 8.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 152,439 shares of the company’s stock valued at $8,489,000 after purchasing an additional 12,174 shares during the period. JPMorgan Chase & Co. increased its holdings in CarGurus by 209.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 247,319 shares of the company’s stock valued at $13,773,000 after acquiring an additional 167,404 shares during the last quarter. Strs Ohio increased its holdings in CarGurus by 23.8% in the 4th quarter. Strs Ohio now owns 28,600 shares of the company’s stock valued at $964,000 after acquiring an additional 5,500 shares during the last quarter. Quantamental Technologies LLC bought a new stake in CarGurus in the 4th quarter valued at $78,000. Finally, Kornitzer Capital Management Inc. KS bought a new stake in CarGurus in the 4th quarter valued at $3,630,000. 74.79% of the stock is currently owned by 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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Insider Buying and Selling by Quarter for CarGurus (NASDAQ:CARG)

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