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CarGurus Inc (NASDAQ:CARG) CEO Sells $574,550.46 in Stock

Last updated on Monday, September 28, 2020 | 2020 MarketBeat

CarGurus Inc (NASDAQ:CARG) CEO Langley Steinert sold 25,986 shares of CarGurus stock in a transaction on Friday, September 25th. The stock was sold at an average price of $22.11, for a total value of $574,550.46.

Langley Steinert also recently made the following trade(s):

  • On Wednesday, September 23rd, Langley Steinert sold 12,006 shares of CarGurus stock. The shares were sold at an average price of $23.26, for a total value of $279,259.56.
  • On Monday, September 21st, Langley Steinert sold 12,006 shares of CarGurus stock. The stock was sold at an average price of $22.66, for a total transaction of $272,055.96.
  • On Friday, September 18th, Langley Steinert sold 12,006 shares of CarGurus stock. The shares were sold at an average price of $23.65, for a total transaction of $283,941.90.
  • On Wednesday, September 16th, Langley Steinert sold 12,468 shares of CarGurus stock. The shares were sold at an average price of $24.56, for a total transaction of $306,214.08.
  • On Monday, September 14th, Langley Steinert sold 12,006 shares of CarGurus stock. The stock was sold at an average price of $24.13, for a total transaction of $289,704.78.
  • On Thursday, September 10th, Langley Steinert sold 12,006 shares of CarGurus stock. The stock was sold at an average price of $23.57, for a total value of $282,981.42.
  • On Tuesday, September 8th, Langley Steinert sold 12,006 shares of CarGurus stock. The stock was sold at an average price of $22.80, for a total transaction of $273,736.80.
  • On Friday, September 4th, Langley Steinert sold 25,986 shares of CarGurus stock. The shares were sold at an average price of $23.53, for a total value of $611,450.58.
  • On Wednesday, September 2nd, Langley Steinert sold 36,475 shares of CarGurus stock. The stock was sold at an average price of $24.82, for a total value of $905,309.50.
  • On Monday, August 24th, Langley Steinert sold 4 shares of CarGurus stock. The shares were sold at an average price of $27.32, for a total value of $109.28.

Shares of CARG stock traded down $0.02 during mid-day trading on Monday, reaching $21.93. The company's stock had a trading volume of 1,435,878 shares, compared to its average volume of 1,700,865. The firm has a market capitalization of $2.48 billion, a PE ratio of 57.71, a price-to-earnings-growth ratio of 2.17 and a beta of 1.85. The company's 50 day simple moving average is $25.18 and its 200-day simple moving average is $23.79. CarGurus Inc has a 12-month low of $14.25 and a 12-month high of $40.91.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.18. The firm had revenue of $94.70 million during the quarter, compared to the consensus estimate of $86.55 million. CarGurus had a return on equity of 18.56% and a net margin of 7.73%. The firm's quarterly revenue was down 34.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 EPS. On average, equities research analysts predict that CarGurus Inc will post 0.33 EPS for the current fiscal year.

Several research firms recently weighed in on CARG. Benchmark increased their target price on CarGurus from $32.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Needham & Company LLC reiterated a "hold" rating on shares of CarGurus in a report on Friday, August 7th. JMP Securities boosted their target price on shares of CarGurus from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Thursday, June 18th. Zacks Investment Research lowered shares of CarGurus from a "buy" rating to a "hold" rating in a research report on Wednesday, August 12th. Finally, DA Davidson reiterated a "buy" rating and issued a $31.00 price target on shares of CarGurus in a report on Monday, June 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and a consensus target price of $29.70.

Large investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. lifted its position in CarGurus by 341.4% during the 2nd quarter. Advisor Group Holdings Inc. now owns 2,825 shares of the company's stock worth $72,000 after acquiring an additional 2,185 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of CarGurus in the 2nd quarter worth approximately $80,000. First Mercantile Trust Co. bought a new stake in shares of CarGurus in the 2nd quarter worth approximately $83,000. Strs Ohio boosted its position in CarGurus by 2,750.0% during the 2nd quarter. Strs Ohio now owns 5,700 shares of the company's stock valued at $144,000 after purchasing an additional 5,500 shares during the period. Finally, Ameritas Investment Partners Inc. grew its stake in CarGurus by 14.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,630 shares of the company's stock worth $193,000 after buying an additional 970 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

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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Insider Buying and Selling by Quarter for CarGurus (NASDAQ:CARG)

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