Samuel Zales Sells 7,500 Shares of CarGurus, Inc. (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 7,500 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $37.70, for a total transaction of $282,750.00. Following the completion of the sale, the chief operating officer now owns 434,821 shares of the company’s stock, valued at $16,392,751.70. This trade represents a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• 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 stock was sold at an average price of $31.62, for a total transaction of $795,812.16.

CarGurus Stock Down 0.0 %

Shares of CarGurus stock opened at $36.08 on Friday. CarGurus, Inc. has a 12-month low of $21.18 and a 12-month high of $39.10. The firm has a market capitalization of $3.74 billion, a PE ratio of -78.43, a price-to-earnings-growth ratio of 2.00 and a beta of 1.57. The stock’s fifty day moving average is $34.83 and its 200-day moving average is $29.63.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CARG. Principal Financial Group Inc. increased its stake in shares of CarGurus by 1.4% in the third quarter. Principal Financial Group Inc. now owns 450,015 shares of the company’s stock worth $13,514,000 after acquiring an additional 6,186 shares during the last quarter. Franklin Resources Inc. raised its position in shares of CarGurus by 0.8% in the third quarter. Franklin Resources Inc. now owns 261,890 shares of the company’s stock valued at $8,150,000 after purchasing an additional 2,051 shares during the period. Geode Capital Management LLC lifted its position in CarGurus by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,055,145 shares of the company’s stock worth $61,728,000 after acquiring an additional 74,730 shares during the last quarter. Barclays PLC lifted its position in shares of CarGurus by 252.2% during the 3rd quarter. Barclays PLC now owns 169,461 shares of the company’s stock worth $5,089,000 after purchasing an additional 121,341 shares during the last quarter. Finally, Zacks Investment Management acquired a new position in shares of CarGurus during the third quarter worth approximately $958,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CARG shares. BTIG Research upped their target price on CarGurus from $30.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. DA Davidson boosted their price target on CarGurus from $26.50 to $38.50 and gave the company a “neutral” rating in a report on Friday, November 8th. JMP Securities reaffirmed a “market outperform” rating and set a $46.00 price objective on shares of CarGurus in a research note on Monday. Needham & Company LLC increased their target price on CarGurus from $27.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Oppenheimer lifted 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. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.86.

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.