CarGurus, Inc. (NASDAQ:CARG – Get Free Report) CEO Zachary Emerson Hallowell sold 2,203 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $38.12, for a total transaction of $83,978.36. Following the completion of the sale, the chief executive officer now owns 115,983 shares in the company, valued at approximately $4,421,271.96. This trade represents a 1.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Zachary Emerson Hallowell also recently made the following trade(s):
- On Friday, January 3rd, Zachary Emerson Hallowell sold 4,580 shares of CarGurus stock. The shares were sold at an average price of $35.78, for a total value of $163,872.40.
CarGurus Trading Up 1.9 %
NASDAQ:CARG traded up $0.70 during mid-day trading on Tuesday, hitting $38.49. The stock had a trading volume of 835,034 shares, compared to its average volume of 762,007. The company has a 50 day simple moving average of $36.87 and a 200-day simple moving average of $31.44. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of -83.67, a P/E/G ratio of 1.67 and a beta of 1.58. CarGurus, Inc. has a 52 week low of $21.18 and a 52 week high of $39.10.
Institutional Investors Weigh In On CarGurus
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Needham & Company LLC lifted their target price on CarGurus from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Oppenheimer lifted their price objective on shares of CarGurus from $32.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. BTIG Research increased their target price on shares of CarGurus from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada raised their price target on shares of CarGurus from $30.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, DA Davidson boosted their price objective on shares of CarGurus from $26.50 to $38.50 and gave the company a “neutral” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.41.
Read Our Latest Stock Analysis on CarGurus
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.
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