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CarGurus Inc [CARG] Stock sold by Insider Zales Samuel for $0.64 million

CarGurus Inc’s recent filing unveils that its COO and President Zales Samuel unloaded Company’s shares for reported $0.64 million on Jun 17 ’24. In the deal valued at $25.43 per share,25,168 shares were sold. As a result of this transaction, Zales Samuel now holds 511,345 shares worth roughly $13.03 million.

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Then, Zales Samuel sold 30,000 shares, generating $750,000 in total proceeds. Upon selling the shares at $25.00, the COO and President now owns 518,845 shares.

Before that, Zamora Javier Esquivel sold 6,680 shares. CarGurus Inc shares valued at $167,000 were divested by the General Counsel and Secretary at a price of $25.00 per share. As a result of the transaction, Zamora Javier Esquivel now holds 102,130 shares, worth roughly $2.6 million.

JMP Securities upgraded its CarGurus Inc [CARG] rating to a Mkt outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Buy”‘ rating for it. UBS began covering CARG with “Neutral” recommendation on September 15, 2023. B. Riley Securities started covering the stock on July 20, 2023. It rated CARG as “a Buy”.

Price Performance Review of CARG

On Tuesday, CarGurus Inc [NASDAQ:CARG] saw its stock jump 2.04% to $25.49. Over the last five days, the stock has gained 1.27%. CarGurus Inc shares have risen nearly 5.50% since the year began. Nevertheless, the stocks have risen 12.64% over the past one year. While a 52-week high of $26.90 was reached on 06/12/24, a 52-week low of $16.70 was recorded on 04/17/24. SMA at 50 days reached $24.23, while 200 days put it at $22.10. A total of 0.58 million shares were traded, compared to the trading of 1.46 million shares in the previous session.

Levels Of Support And Resistance For CARG Stock

The 24-hour chart illustrates a support level at 25.02, which if violated will result in even more drops to 24.56. On the upside, there is a resistance level at 25.75. A further resistance level may holdings at 26.02. The Relative Strength Index (RSI) on the 14-day chart is 54.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.00%. Stochastics%K at 42.84% indicates the stock is a holding.

The most recent change occurred on June 27, 2023 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $29 price target.

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