CarGurus Inc (NASDAQ:CARG) insider Sarah Amory Welch sold 2,500 shares of CarGurus stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $39.99, for a total value of $99,975.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Sarah Amory Welch also recently made the following trade(s):
- On Tuesday, February 12th, Sarah Amory Welch sold 2,500 shares of CarGurus stock. The shares were sold at an average price of $39.49, for a total value of $98,725.00.
Shares of CARG stock opened at $36.41 on Thursday. The firm has a market capitalization of $4.54 billion, a P/E ratio of 63.88, a P/E/G ratio of 37.27 and a beta of 1.93. CarGurus Inc has a one year low of $29.18 and a one year high of $57.25.
A number of research firms have recently issued reports on CARG. Zacks Investment Research upgraded CarGurus from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Friday, March 29th. BidaskClub upgraded CarGurus from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. BTIG Research lowered their price objective on CarGurus to $48.00 and set a “buy” rating on the stock in a research report on Wednesday. Citigroup boosted their price objective on CarGurus from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, Oppenheimer began coverage on CarGurus in a research report on Tuesday, January 8th. They set a “buy” rating and a $42.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $49.27.
Hedge funds have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc acquired a new stake in CarGurus in the 4th quarter valued at $30,000. Quantamental Technologies LLC acquired a new position in CarGurus in the fourth quarter worth $78,000. LPL Financial LLC acquired a new position in CarGurus in the third quarter worth $234,000. United Services Automobile Association acquired a new position in CarGurus in the third quarter worth $240,000. Finally, Raymond James Trust N.A. acquired a new position in CarGurus in the first quarter worth $203,000. 72.05% of the stock is currently owned by institutional investors and hedge funds.
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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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