CarGurus Inc (CARG) VP Oliver Ian Chrzan Sells 6,000 Shares of Stock

CarGurus Inc (NASDAQ:CARG) VP Oliver Ian Chrzan sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $34.49, for a total transaction of $206,940.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Friday, June 15th, Oliver Ian Chrzan sold 6,000 shares of CarGurus stock. The shares were sold at an average price of $35.11, for a total transaction of $210,660.00.
  • On Monday, June 11th, Oliver Ian Chrzan sold 1,472 shares of CarGurus stock. The shares were sold at an average price of $35.00, for a total transaction of $51,520.00.
  • 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 shares were 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 shares were 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 shares were sold at an average price of $32.92, for a total transaction of $197,520.00.

Shares of CARG opened at $34.93 on Tuesday. CarGurus Inc has a twelve month low of $25.85 and a twelve month high of $40.60.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Thursday, May 3rd. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The firm had revenue of $98.70 million for the quarter, compared to the consensus estimate of $94.15 million. CarGurus’s quarterly revenue was up 47.3% compared to the same quarter last year. analysts forecast that CarGurus Inc will post 0.11 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of CARG. Arrowstreet Capital Limited Partnership purchased a new stake in CarGurus in the fourth quarter worth approximately $271,000. A.R.T. Advisors LLC purchased a new stake in CarGurus in the first quarter worth approximately $290,000. Skye Global Management LP purchased a new stake in CarGurus in the first quarter worth approximately $308,000. Millennium Management LLC purchased a new stake in CarGurus in the first quarter worth approximately $499,000. Finally, Verition Fund Management LLC purchased a new stake in CarGurus in the first quarter worth approximately $518,000. Institutional investors own 50.56% of the company’s stock.

CARG has been the subject of several analyst reports. DA Davidson raised shares of CarGurus from a “neutral” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Tuesday, May 1st. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Benchmark initiated coverage on shares of CarGurus in a research report on Thursday, March 22nd. They set a “buy” rating and a $42.00 price target for the company. BidaskClub raised shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. Finally, ValuEngine downgraded shares of CarGurus from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $35.80.

About CarGurus

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)

Receive News & Ratings for CarGurus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarGurus and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply