CarGurus (CARG) CEO Langley Steinert Sells 13,050 Shares

CarGurus (NASDAQ:CARG) CEO Langley Steinert sold 13,050 shares of the stock in a transaction on Monday, June 11th. The shares were sold at an average price of $34.68, for a total transaction of $452,574.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Langley Steinert also recently made the following trade(s):

  • On Friday, June 8th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $34.30, for a total transaction of $4,027,025.80.
  • On Wednesday, June 6th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $33.35, for a total transaction of $3,915,490.10.
  • On Monday, June 4th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $33.56, for a total transaction of $3,940,145.36.
  • On Tuesday, May 22nd, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $31.48, for a total transaction of $3,695,940.88.
  • On Friday, May 18th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $32.22, for a total transaction of $3,782,821.32.
  • On Wednesday, May 16th, Langley Steinert sold 117,406 shares of CarGurus stock. The shares were sold at an average price of $31.98, for a total transaction of $3,754,643.88.

Shares of CarGurus stock traded down $0.58 during trading hours on Thursday, reaching $35.21. The company’s stock had a trading volume of 45,316 shares, compared to its average volume of 479,938. CarGurus has a one year low of $25.85 and a one year high of $40.60. The company has a market cap of $3.73 billion and a P/E ratio of 290.67.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. The business had revenue of $98.70 million during the quarter, compared to the consensus estimate of $94.15 million. The business’s quarterly revenue was up 47.3% on a year-over-year basis. equities analysts expect that CarGurus will post 0.11 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp lifted its position in shares of CarGurus by 12.8% in the 1st quarter. Northern Trust Corp now owns 20,129 shares of the company’s stock worth $775,000 after buying an additional 2,292 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of CarGurus by 36.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 27,886 shares of the company’s stock worth $1,073,000 after buying an additional 7,468 shares during the last quarter. A.R.T. Advisors LLC acquired a new stake in shares of CarGurus in the 1st quarter worth about $290,000. Skye Global Management LP acquired a new stake in shares of CarGurus in the 1st quarter worth about $308,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of CarGurus in the 4th quarter worth about $271,000. Institutional investors own 50.56% of the company’s stock.

A number of research firms have commented on CARG. DA Davidson upgraded shares of CarGurus from a “neutral” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Tuesday, May 1st. They noted that the move was a valuation call. Benchmark raised their price target on shares of CarGurus from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Sunday, May 6th. BidaskClub downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Saturday, April 14th. Zacks Investment Research upgraded shares of CarGurus from a “sell” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Tuesday, May 1st. Finally, ValuEngine downgraded shares of CarGurus from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.80.

CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars worldwide. The company's marketplace enables users with third-party validation on pricing, dealer reputation, and other information. As of June 30, 2017, it had an active dealer network of approximately 40,000 dealers; and approximately 5.4 million car listings.

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

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