CarGurus, Inc. (NASDAQ:CARG – Get Free Report) COO Samuel Zales sold 25,168 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $28.34, for a total value of $713,261.12. Following the sale, the chief operating officer now owns 480,583 shares of the company’s stock, valued at approximately $13,619,722.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Samuel Zales also recently made the following trade(s):
- On Tuesday, July 16th, Samuel Zales sold 25,168 shares of CarGurus stock. The shares were sold at an average price of $26.49, for a total transaction of $666,700.32.
- On Thursday, June 6th, Samuel Zales sold 30,000 shares of CarGurus stock. The stock was sold at an average price of $25.00, for a total transaction of $750,000.00.
CarGurus Price Performance
NASDAQ CARG opened at $28.21 on Tuesday. The business’s fifty day moving average is $25.46 and its 200-day moving average is $24.02. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 100.75, a PEG ratio of 1.40 and a beta of 1.57. CarGurus, Inc. has a one year low of $16.70 and a one year high of $28.70.
Analyst Ratings Changes
View Our Latest Stock Analysis on CARG
Institutional Trading of CarGurus
A number of large investors have recently added to or reduced their stakes in CARG. GAMMA Investing LLC bought a new position in shares of CarGurus during the 4th quarter valued at approximately $32,000. CWM LLC lifted its stake in CarGurus by 54.1% in the second quarter. CWM LLC now owns 1,381 shares of the company’s stock valued at $36,000 after purchasing an additional 485 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in CarGurus by 43.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,579 shares of the company’s stock valued at $41,000 after purchasing an additional 479 shares during the period. Headlands Technologies LLC bought a new position in CarGurus during the first quarter valued at $49,000. Finally, Daiwa Securities Group Inc. purchased a new stake in CarGurus in the fourth quarter worth $65,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.
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.
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