CarGurus (CARG) VP Oliver Ian Chrzan Sells 1,472 Shares

CarGurus (NASDAQ:CARG) VP Oliver Ian Chrzan sold 1,472 shares of CarGurus stock in a transaction on Monday, June 11th. The stock was sold at an average price of $35.00, for a total transaction of $51,520.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Oliver Ian Chrzan also recently made the following trade(s):

  • On Friday, June 8th, Oliver Ian Chrzan sold 28,528 shares of CarGurus stock. The shares were sold at an average price of $34.72, for a total transaction of $990,492.16.
  • On Friday, June 1st, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $32.65, for a total transaction of $195,900.00.
  • On Friday, May 25th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $30.99, for a total transaction of $185,940.00.
  • On Friday, May 18th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $32.03, for a total transaction of $192,180.00.
  • On Friday, May 4th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $30.49, for a total transaction of $182,940.00.
  • On Friday, April 27th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $30.59, for a total transaction of $183,540.00.
  • On Friday, April 20th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The stock was sold at an average price of $32.92, for a total transaction of $197,520.00.

Shares of CarGurus traded down $0.45, hitting $35.34, during trading hours on Thursday, according to Marketbeat.com. The stock had a trading volume of 1,320,383 shares, compared to its average volume of 487,310. The stock has a market cap of $3.73 billion and a P/E ratio of 294.67. CarGurus has a fifty-two week low of $25.85 and a fifty-two week high of $40.60.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC purchased a new stake in CarGurus in the 1st quarter worth $499,000. Verition Fund Management LLC purchased a new stake in shares of CarGurus in the first quarter valued at about $518,000. The Manufacturers Life Insurance Company grew its holdings in shares of CarGurus by 13.9% in the first quarter. The Manufacturers Life Insurance Company now owns 3,808,722 shares of the company’s stock valued at $146,522,000 after purchasing an additional 466,106 shares during the period. A.R.T. Advisors LLC purchased a new stake in shares of CarGurus in the first quarter valued at about $290,000. Finally, Lord Abbett & CO. LLC grew its holdings in shares of CarGurus by 55.6% in the first quarter. Lord Abbett & CO. LLC now owns 970,288 shares of the company’s stock valued at $37,327,000 after purchasing an additional 346,567 shares during the period. 50.56% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on CARG shares. Benchmark increased their price objective on shares of CarGurus from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Sunday, May 6th. Zacks Investment Research lowered shares of CarGurus from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. DA Davidson upgraded shares of CarGurus from a “neutral” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Tuesday, May 1st. They noted that the move was a valuation call. ValuEngine downgraded shares of CarGurus from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. Finally, BidaskClub downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Saturday, April 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average 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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