Director of CarGurus Inc., Stephen Kaufer, has sold off 90,000 shares of the company recently. The shares were sold at an average price of $38.47, totalling well over $3 million. The sale of stock was shared through a filing with the SEC, which can be found here.
Shares of CARG stock traded up $1.26 on Monday, reaching $39.30. The stock had a trading volume of 488,483 shares, compared to its average volume of 739,314. The stock has a market cap of $4.19 billion and a price-to-earnings ratio of 327.50. CarGurus Inc has a 12 month low of $28.52 and a 12 month high of $57.25.
CarGurus last issued its earnings results on Wednesday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. The company had revenue of $119.04 million for the quarter, compared to analysts’ expectations of $112.70 million. CarGurus had a net margin of 11.78% and a return on equity of 9.82%. CarGurus’s quarterly revenue was up 43.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 EPS. As a group, research analysts anticipate that CarGurus Inc will post 0.13 EPS for the current fiscal year.
CARG has been the topic of several analyst reports. Zacks Investment Research cut shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. BTIG Research initiated coverage on shares of CarGurus in a research report on Tuesday, November 13th. They set a “buy” rating and a $48.00 price target on the stock. ValuEngine raised shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Benchmark boosted their price target on shares of CarGurus from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Finally, Royal Bank of Canada boosted their price target on shares of CarGurus from $55.00 to $59.00 and gave the stock an “outperform” rating in a research report on Thursday, November 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $51.57.
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