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

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 400,025 shares of the company’s stock, valued at approximately $15,344,959. The trade was a 4.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 value of $360,963.34.
• 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 stock was sold at an average price of $35.43, for a total transaction of $891,702.24.

CarGurus Stock Performance

Shares of CARG opened at $39.07 on Wednesday. The stock has a 50-day moving average of $37.62 and a two-hundred day moving average of $32.51. The stock has a market cap of $4.05 billion, a P/E ratio of -84.93, a P/E/G ratio of 1.80 and a beta of 1.59. CarGurus, Inc. has a one year low of $21.18 and a one year high of $41.33.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CARG shares. JPMorgan Chase & Co. increased their price objective on shares of CarGurus from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. BTIG Research upped their price objective on CarGurus from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. B. Riley increased their price target on shares of CarGurus from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, November 11th. DA Davidson boosted their price objective on shares of CarGurus from $26.50 to $38.50 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Oppenheimer increased their price objective on CarGurus from $32.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two equities research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.41.

Institutional Investors Weigh In On CarGurus

Institutional investors and hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC increased its stake in shares of 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 acquiring an additional 532 shares during the period. Fifth Third Bancorp grew its position in CarGurus by 100.0% during the 4th quarter. Fifth Third Bancorp now owns 912 shares of the company’s stock worth $33,000 after purchasing an additional 456 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of CarGurus during the 3rd quarter valued at about $28,000. Principal Securities Inc. lifted its holdings in shares of CarGurus by 82.7% in the 4th quarter. Principal Securities Inc. now owns 937 shares of the company’s stock valued at $34,000 after buying an additional 424 shares during the period. Finally, USA Financial Formulas purchased a new stake in shares of CarGurus in the fourth quarter worth about $35,000. Institutional investors and hedge funds 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.