Thomas Michael Caputo Sells 5,300 Shares of CarGurus Inc (NASDAQ:CARG) Stock

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CarGurus Inc (NASDAQ:CARG) insider Thomas Michael Caputo sold 5,300 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $38.06, for a total transaction of $201,718.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of CARG stock opened at $37.97 on Friday. CarGurus Inc has a 1 year low of $30.29 and a 1 year high of $57.25. The company’s fifty day simple moving average is $35.89. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.74 and a current ratio of 2.74. The company has a market cap of $4.15 billion, a P/E ratio of 129.17, a price-to-earnings-growth ratio of 4.14 and a beta of 1.83.

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

Several hedge funds have recently modified their holdings of CARG. Hound Partners LLC grew its position in shares of CarGurus by 61.5% during the 4th quarter. Hound Partners LLC now owns 5,532,298 shares of the company’s stock valued at $186,604,000 after acquiring an additional 2,106,372 shares during the period. BlackRock Inc. grew its position in shares of CarGurus by 20.8% during the 4th quarter. BlackRock Inc. now owns 3,790,254 shares of the company’s stock valued at $127,846,000 after acquiring an additional 651,931 shares during the period. Norges Bank bought a new stake in shares of CarGurus during the 4th quarter valued at $15,947,000. Deutsche Bank AG grew its position in shares of CarGurus by 109.3% during the 4th quarter. Deutsche Bank AG now owns 661,143 shares of the company’s stock valued at $22,299,000 after acquiring an additional 345,250 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of CarGurus by 4.1% during 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 acquiring an additional 295,775 shares during the period. 74.79% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on the stock. BidaskClub upgraded shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a research note on Tuesday. Goldman Sachs Group set a €137.00 ($159.30) target price on shares of Safran and gave the company a “buy” rating in a research note on Monday, March 18th. SunTrust Banks decreased their target price on shares of EOG Resources to $120.00 and set a “buy” rating for the company in a research note on Wednesday, June 12th. Finally, DA Davidson set a $54.00 target price on shares of CarGurus and gave the company a “buy” rating in a research note on Tuesday, March 26th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $48.92.

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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Insider Buying and Selling by Quarter for CarGurus (NASDAQ:CARG)

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