Anastasios Parafestas Sells 60,000 Shares of CarGurus Inc (CARG) Stock

CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 60,000 shares of CarGurus stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $40.23, for a total value of $2,413,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Wednesday, April 10th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The stock was sold at an average price of $39.22, for a total value of $2,353,200.00.
  • On Monday, April 8th, Anastasios Parafestas sold 66,600 shares of CarGurus stock. The stock was sold at an average price of $41.25, for a total value of $2,747,250.00.
  • On Thursday, April 4th, Anastasios Parafestas sold 104,400 shares of CarGurus stock. The stock was sold at an average price of $41.14, for a total value of $4,295,016.00.
  • On Tuesday, April 2nd, Anastasios Parafestas sold 42,260 shares of CarGurus stock. The stock was sold at an average price of $40.29, for a total value of $1,702,655.40.
  • On Friday, March 29th, Anastasios Parafestas sold 102,929 shares of CarGurus stock. The stock was sold at an average price of $39.48, for a total value of $4,063,636.92.
  • On Wednesday, March 27th, Anastasios Parafestas sold 99,912 shares of CarGurus stock. The stock was sold at an average price of $38.86, for a total value of $3,882,580.32.
  • On Monday, March 25th, Anastasios Parafestas sold 149,510 shares of CarGurus stock. The stock was sold at an average price of $37.87, for a total value of $5,661,943.70.
  • On Thursday, March 21st, Anastasios Parafestas sold 68,582 shares of CarGurus stock. The stock was sold at an average price of $39.36, for a total value of $2,699,387.52.
  • On Tuesday, March 19th, Anastasios Parafestas sold 151,519 shares of CarGurus stock. The stock was sold at an average price of $39.16, for a total value of $5,933,484.04.
  • On Friday, March 15th, Anastasios Parafestas sold 109,111 shares of CarGurus stock. The stock was sold at an average price of $38.92, for a total value of $4,246,600.12.

Shares of NASDAQ CARG opened at $41.00 on Tuesday. CarGurus Inc has a 1-year low of $29.18 and a 1-year high of $57.25. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 71.93, a P/E/G ratio of 36.18 and a beta of 1.93.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings data on Thursday, February 28th. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.07. The company had revenue of $126.09 million for the quarter, compared to analysts’ expectations of $122.13 million. CarGurus had a return on equity of 15.03% and a net margin of 13.10%. On average, equities analysts predict that CarGurus Inc will post 0.22 EPS for the current fiscal year.

Several equities research analysts have weighed in on the company. BidaskClub raised CarGurus from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. Zacks Investment Research cut CarGurus from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. DA Davidson set a $54.00 price objective on CarGurus and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Goldman Sachs Group raised CarGurus from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $43.00 to $48.00 in a research note on Monday, March 18th. Finally, TheStreet raised CarGurus from a “d+” rating to a “c-” rating in a research note on Tuesday, March 12th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $49.27.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Trust N.A. bought a new position in shares of CarGurus during the first quarter valued at approximately $203,000. CMH Wealth Management LLC bought a new position in shares of CarGurus during the first quarter valued at approximately $401,000. Calamos Advisors LLC bought a new position in shares of CarGurus during the first quarter valued at approximately $210,000. Deutsche Bank AG grew its stake in shares of CarGurus by 109.3% during the fourth quarter. Deutsche Bank AG now owns 661,143 shares of the company’s stock valued at $22,299,000 after buying an additional 345,250 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of CarGurus by 13.6% during the fourth quarter. Geode Capital Management LLC now owns 824,067 shares of the company’s stock valued at $27,795,000 after buying an additional 98,854 shares during the last quarter. 72.05% of the stock is currently owned by hedge funds and other institutional investors.

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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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