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, June 12th. The shares were sold at an average price of $35.41, for a total value of $1,062,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • 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.
  • On Thursday, June 6th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $34.32, for a total value of $686,400.00.
  • On Tuesday, June 4th, Anastasios Parafestas sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $33.70, for a total value of $674,000.00.
  • On Friday, May 31st, Anastasios Parafestas sold 50,000 shares of CarGurus stock. The shares were sold at an average price of $33.70, for a total value of $1,685,000.00.
  • On Wednesday, May 29th, Anastasios Parafestas sold 33,308 shares of CarGurus stock. The shares were sold at an average price of $34.03, for a total value of $1,133,471.24.
  • On Friday, May 24th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $35.36, for a total value of $2,828,800.00.
  • On Wednesday, May 22nd, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $35.82, for a total value of $2,865,600.00.
  • On Monday, May 20th, Anastasios Parafestas sold 80,000 shares of CarGurus stock. The shares were sold at an average price of $36.38, for a total value of $2,910,400.00.
  • On Thursday, May 16th, Anastasios Parafestas sold 71,596 shares of CarGurus stock. The shares were sold at an average price of $37.25, for a total value of $2,666,951.00.
  • On Tuesday, May 14th, Anastasios Parafestas sold 60,000 shares of CarGurus stock. The shares were sold at an average price of $38.89, for a total value of $2,333,400.00.

NASDAQ CARG traded up $0.17 on Friday, hitting $35.86. 20,190 shares of the company’s stock were exchanged, compared to its average volume of 1,030,001. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.74 and a quick ratio of 2.74. CarGurus Inc has a 52 week low of $30.29 and a 52 week high of $57.25. The stock has a market capitalization of $3.91 billion, a PE ratio of 62.37, a PEG ratio of 6.92 and a beta of 1.95.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, May 9th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.09. CarGurus had a return on equity of 18.43% and a net margin of 13.94%. The firm had revenue of $135.30 million during the quarter, compared to analysts’ expectations of $129.54 million. During the same period in the prior year, the company earned $0.06 earnings per share. The company’s quarterly revenue was up 37.2% on a year-over-year basis. As a group, sell-side analysts expect that CarGurus Inc will post 0.23 earnings per share for the current year.

Several brokerages recently issued reports on CARG. Citigroup boosted their price target on CarGurus from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Benchmark reiterated a “buy” rating and issued a $50.00 price target on shares of CarGurus in a research note on Friday, March 1st. Zacks Investment Research upgraded CarGurus from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Friday, March 1st. TheStreet upgraded CarGurus from a “d+” rating to a “c-” rating in a research note on Tuesday, March 12th. Finally, Goldman Sachs Group upgraded CarGurus from a “neutral” rating to a “buy” rating and boosted their price target for the company from $43.00 to $48.00 in a research note on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $49.25.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. lifted its stake in CarGurus by 281.2% during the first quarter. Advisor Group Inc. now owns 770 shares of the company’s stock worth $31,000 after purchasing an additional 568 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in shares of CarGurus during the fourth quarter worth $30,000. DekaBank Deutsche Girozentrale acquired a new position in shares of CarGurus during the first quarter worth $136,000. Raymond James Trust N.A. acquired a new position in shares of CarGurus during the first quarter worth $203,000. Finally, Calamos Advisors LLC acquired a new position in shares of CarGurus during the first quarter worth $210,000. Hedge funds and other institutional investors own 74.84% of the company’s stock.

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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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