Anastasios Parafestas Sells 30,000 Shares of CarGurus Inc (NASDAQ:CARG) Stock

CarGurus Inc (NASDAQ:CARG) Director Anastasios Parafestas sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $36.81, for a total value of $1,104,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, July 8th, Anastasios Parafestas sold 30,000 shares of CarGurus stock. The stock was sold at an average price of $35.95, for a total value of $1,078,500.00.
  • On Wednesday, July 3rd, Anastasios Parafestas sold 45,000 shares of CarGurus stock. The stock was sold at an average price of $36.07, for a total value of $1,623,150.00.
  • On Friday, June 28th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The stock was sold at an average price of $35.77, for a total value of $2,861,600.00.
  • On Wednesday, June 26th, Anastasios Parafestas sold 86,482 shares of CarGurus stock. The stock was sold at an average price of $36.85, for a total value of $3,186,861.70.
  • 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 value 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 value 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 value 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 value 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 value 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 value of $881,500.00.

Shares of CARG stock opened at $37.97 on Friday. The company has a fifty day moving average price of $35.89. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.25. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 66.61, a P/E/G ratio of 4.14 and a beta of 1.83. CarGurus Inc has a fifty-two week low of $30.29 and a fifty-two week high of $57.25.

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

A number of brokerages have recently issued reports on CARG. Goldman Sachs Group set a €137.00 ($159.30) target price on Safran and gave the company a “buy” rating in a research report on Monday, March 18th. BTIG Research set a $14.00 target price on ARBOR RLTY TR I/SH and gave the company a “buy” rating in a research report on Wednesday, April 17th. SunTrust Banks decreased their target price on EOG Resources to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, June 12th. DA Davidson set a $54.00 target price on CarGurus and gave the company a “buy” rating in a research report on Tuesday, March 26th. Finally, TheStreet upgraded Third Point Reinsurance from a “d+” rating to a “c-” rating in a research report on Tuesday, May 14th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $48.92.

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in CarGurus by 13.6% in the 4th quarter. Geode Capital Management LLC now owns 824,067 shares of the company’s stock valued at $27,795,000 after purchasing an additional 98,854 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in CarGurus by 4.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 7,494,720 shares of the company’s stock valued at $300,238,000 after purchasing an additional 295,775 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in CarGurus by 356.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 15,934 shares of the company’s stock valued at $537,000 after purchasing an additional 12,444 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new position in CarGurus in the 4th quarter valued at $30,000. Finally, O Brien Greene & Co. Inc purchased a new position in CarGurus in the 4th quarter valued at $320,000. Institutional investors own 74.79% of the company’s stock.

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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