CarGurus Inc (NASDAQ:CARG) CEO Langley Steinert sold 36,016 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $36.48, for a total transaction of $1,313,863.68. Following the sale, the chief executive officer now owns 2,113,078 shares of the company’s stock, valued at approximately $77,085,085.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
- On Monday, January 6th, Langley Steinert sold 36,016 shares of CarGurus stock. The stock was sold at an average price of $35.98, for a total transaction of $1,295,855.68.
- On Thursday, January 2nd, Langley Steinert sold 36,016 shares of CarGurus stock. The stock was sold at an average price of $36.04, for a total transaction of $1,298,016.64.
- On Thursday, December 12th, Langley Steinert sold 36,016 shares of CarGurus stock. The stock was sold at an average price of $37.25, for a total transaction of $1,341,596.00.
- On Tuesday, December 10th, Langley Steinert sold 36,016 shares of CarGurus stock. The stock was sold at an average price of $37.30, for a total transaction of $1,343,396.80.
- On Wednesday, December 4th, Langley Steinert sold 36,016 shares of CarGurus stock. The stock was sold at an average price of $39.27, for a total transaction of $1,414,348.32.
- On Monday, December 2nd, Langley Steinert sold 36,016 shares of CarGurus stock. The stock was sold at an average price of $39.13, for a total transaction of $1,409,306.08.
- On Friday, November 15th, Langley Steinert sold 23,945 shares of CarGurus stock. The stock was sold at an average price of $39.33, for a total transaction of $941,756.85.
- On Wednesday, November 13th, Langley Steinert sold 36,016 shares of CarGurus stock. The stock was sold at an average price of $37.98, for a total transaction of $1,367,887.68.
- On Monday, November 11th, Langley Steinert sold 36,016 shares of CarGurus stock. The stock was sold at an average price of $38.01, for a total transaction of $1,368,968.16.
- On Thursday, November 7th, Langley Steinert sold 36,016 shares of CarGurus stock. The stock was sold at an average price of $37.16, for a total transaction of $1,338,354.56.
NASDAQ:CARG traded down $0.11 on Friday, reaching $35.18. 569,972 shares of the company’s stock were exchanged, compared to its average volume of 639,151. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.85 and a quick ratio of 2.85. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 61.72, a P/E/G ratio of 2.08 and a beta of 1.88. CarGurus Inc has a 52 week low of $28.65 and a 52 week high of $45.25. The stock has a fifty day simple moving average of $37.50 and a 200-day simple moving average of $34.93.
CarGurus (NASDAQ:CARG) last issued its earnings results on Tuesday, November 5th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.10. The firm had revenue of $150.50 million during the quarter, compared to analyst estimates of $147.99 million. CarGurus had a net margin of 7.44% and a return on equity of 18.30%. The company’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the business earned $0.08 earnings per share. As a group, sell-side analysts predict that CarGurus Inc will post 0.35 EPS for the current year.
Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in CarGurus by 10.1% during the second quarter. Vanguard Group Inc. now owns 5,585,376 shares of the company’s stock worth $201,687,000 after purchasing an additional 512,647 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of CarGurus by 208.6% in the third quarter. Tower Research Capital LLC TRC now owns 1,114 shares of the company’s stock valued at $34,000 after acquiring an additional 753 shares during the period. Millennium Management LLC bought a new position in shares of CarGurus in the third quarter valued at approximately $998,000. Janus Henderson Group PLC bought a new position in shares of CarGurus in the second quarter valued at approximately $203,000. Finally, Raymond James Trust N.A. bought a new position in shares of CarGurus in the third quarter valued at approximately $296,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.
A number of analysts recently issued reports on the stock. Needham & Company LLC assumed coverage on shares of CarGurus in a report on Thursday, September 12th. They set a “hold” rating for the company. BidaskClub downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Royal Bank of Canada decreased their price objective on shares of CarGurus to $50.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Zacks Investment Research lowered shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, TheStreet upgraded shares of CarGurus from a “d+” rating to a “c-” rating in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. CarGurus has a consensus rating of “Buy” and a consensus price target of $48.70.
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.
