CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales Sells 9,857 Shares

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 9,857 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $36.62, for a total transaction of $360,963.34. Following the sale, the chief operating officer now directly owns 434,821 shares of the company’s stock, valued at approximately $15,923,145.02. This represents a 2.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Samuel Zales also recently made the following trade(s):

• On Monday, December 16th, Samuel Zales sold 7,500 shares of CarGurus stock. The stock was sold at an average price of $37.70, for a total value of $282,750.00.
• On Monday, November 18th, Samuel Zales sold 25,168 shares of CarGurus stock. The shares were sold at an average price of $35.43, for a total value of $891,702.24.
• On Wednesday, October 16th, Samuel Zales sold 25,168 shares of CarGurus stock. The shares were sold at an average price of $31.62, for a total value of $795,812.16.

CarGurus Stock Down 0.5 %

NASDAQ:CARG opened at $36.76 on Wednesday. CarGurus, Inc. has a 52 week low of $21.18 and a 52 week high of $39.10. The stock’s fifty day moving average is $36.12 and its two-hundred day moving average is $30.71. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of -79.91, a price-to-earnings-growth ratio of 2.00 and a beta of 1.58.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CARG shares. Oppenheimer boosted their price target on shares of CarGurus from $32.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Royal Bank of Canada boosted their target price on shares of CarGurus from $30.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, November 11th. BTIG Research raised their price target on shares of CarGurus from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. B. Riley upped their price objective on CarGurus from $30.00 to $40.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their price objective on CarGurus from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.86.

Hedge Funds Weigh In On CarGurus

A number of hedge funds and other institutional investors have recently bought and sold shares of CARG. Point72 Hong Kong Ltd acquired a new stake in shares of CarGurus during the third quarter worth about $28,000. Signaturefd LLC grew its holdings in shares of CarGurus by 81.3% in the third quarter. Signaturefd LLC now owns 959 shares of the company’s stock valued at $29,000 after purchasing an additional 430 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in CarGurus during the 3rd quarter worth approximately $30,000. Quarry LP lifted its holdings in CarGurus by 155.8% during the 3rd quarter. Quarry LP now owns 1,499 shares of the company’s stock worth $45,000 after buying an additional 913 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in CarGurus by 19.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,459 shares of the company’s stock valued at $74,000 after buying an additional 393 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

CarGurus Company Profile

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.