Samuel Zales Sells 20,000 Shares of CarGurus, Inc. (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 20,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $38.36, for a total transaction of $767,200.00. Following the completion of the transaction, the chief operating officer now directly owns 400,025 shares in the company, valued at $15,344,959. This trade represents a 4.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, January 2nd, Samuel Zales sold 9,857 shares of CarGurus stock. The shares were sold at an average price of $36.62, for a total transaction of $360,963.34.
• On Monday, December 16th, Samuel Zales sold 7,500 shares of CarGurus stock. The shares were sold at an average price of $37.70, for a total transaction of $282,750.00.
• On Monday, November 18th, Samuel Zales sold 25,168 shares of CarGurus stock. The stock was sold at an average price of $35.43, for a total value of $891,702.24.

CarGurus Trading Up 1.4 %

CARG stock opened at $39.60 on Thursday. The stock has a market cap of $4.11 billion, a PE ratio of -86.09, a P/E/G ratio of 1.80 and a beta of 1.59. CarGurus, Inc. has a 12 month low of $21.18 and a 12 month high of $41.33. The company has a 50-day moving average price of $37.66 and a 200 day moving average price of $32.56.

Analysts Set New Price Targets

Several equities analysts have weighed in on CARG shares. Citigroup upgraded CarGurus from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. BTIG Research raised their target price on shares of CarGurus from $30.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. B. Riley upped their price target on shares of CarGurus from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Oppenheimer lifted their price objective on shares of CarGurus from $32.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of CarGurus from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.41.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CARG. Point72 Hong Kong Ltd purchased a new stake in shares of CarGurus in the third quarter worth approximately $28,000. Signaturefd LLC increased its stake in CarGurus by 81.3% in the third quarter. Signaturefd LLC now owns 959 shares of the company’s stock worth $29,000 after purchasing an additional 430 shares during the period. Global Retirement Partners LLC increased its stake in CarGurus by 198.5% in the fourth quarter. Global Retirement Partners LLC now owns 800 shares of the company’s stock worth $29,000 after purchasing an additional 532 shares during the period. Kathleen S. Wright Associates Inc. bought a new stake in shares of CarGurus during the third quarter worth $30,000. Finally, Fifth Third Bancorp boosted its stake in shares of CarGurus by 100.0% during the fourth quarter. Fifth Third Bancorp now owns 912 shares of the company’s stock valued at $33,000 after purchasing an additional 456 shares during the period. Hedge funds and other 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.