CarGurus, Inc. (NASDAQ:CARG – Get Free Report) CMO Dafna Sarnoff sold 3,107 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $28.42, for a total value of $88,300.94. Following the sale, the chief marketing officer now owns 128,952 shares of the company’s stock, valued at approximately $3,664,815.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
CarGurus Stock Up 0.6 %
CarGurus stock traded up $0.18 during mid-day trading on Wednesday, hitting $28.08. 775,883 shares of the company’s stock were exchanged, compared to its average volume of 888,196. The company’s 50 day simple moving average is $26.17 and its 200-day simple moving average is $24.43. The firm has a market capitalization of $2.93 billion, a P/E ratio of 100.29, a PEG ratio of 1.41 and a beta of 1.57. CarGurus, Inc. has a fifty-two week low of $16.70 and a fifty-two week high of $29.40.
CarGurus (NASDAQ:CARG – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. CarGurus had a positive return on equity of 11.06% and a negative net margin of 5.57%. The company had revenue of $218.69 million for the quarter, compared to analyst estimates of $214.85 million. Research analysts expect that CarGurus, Inc. will post 1.18 EPS for the current year.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on CarGurus
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of CarGurus by 1.1% during the first quarter. Vanguard Group Inc. now owns 10,198,538 shares of the company’s stock worth $235,382,000 after acquiring an additional 107,244 shares during the period. Wellington Management Group LLP raised its position in CarGurus by 39.6% in the 4th quarter. Wellington Management Group LLP now owns 5,705,962 shares of the company’s stock valued at $137,856,000 after buying an additional 1,619,076 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in CarGurus by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,208,420 shares of the company’s stock valued at $53,357,000 after acquiring an additional 126,216 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in CarGurus by 6.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,461,119 shares of the company’s stock valued at $38,282,000 after acquiring an additional 89,346 shares in the last quarter. Finally, Select Equity Group L.P. boosted its position in CarGurus by 2.8% during the 2nd quarter. Select Equity Group L.P. now owns 1,145,692 shares of the company’s stock worth $30,017,000 after acquiring an additional 31,431 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.
About CarGurus
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.
See Also
- Five stocks we like better than CarGurus
- How to Read Stock Charts for Beginners
- Why Dick’s Could Be a Slam Dunk for Your Investment Portfolio
- What is the Australian Securities Exchange (ASX)
- Introduction to Fibonacci Retracement Levels
- How to Use the MarketBeat Dividend Calculator
- Top 3 Stocks to Outperform the S&P 500 in a Downturn
Receive News & Ratings for CarGurus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarGurus and related companies with MarketBeat.com's FREE daily email newsletter.