CarGurus Inc’s recently made public that its Officer Zamora Javier Esquivel acquired Company’s shares for reported $70105.0 on Aug 09 ’24. In the deal valued at $25.53 per share,2,746 shares were bought.
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Then, Zales Samuel sold 25,168 shares, generating $666,700 in total proceeds. Upon selling the shares at $26.49, the COO and President now owns 488,083 shares.
Before that, Quinn Matthew Todd sold 3,978 shares. CarGurus Inc shares valued at $99,092 were divested by the Chief Technology Officer at a price of $24.91 per share. As a result of the transaction, Quinn Matthew Todd now holds 217,374 shares, worth roughly $5.86 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 Friday, CarGurus Inc [NASDAQ:CARG] saw its stock jump 20.27% to $26.94. Over the last five days, the stock has gained 15.47%. CarGurus Inc shares have risen nearly 11.51% since the year began. Nevertheless, the stocks have risen 40.02% over the past one year. While a 52-week high of $26.90 was reached on 08/09/24, a 52-week low of $16.70 was recorded on 04/17/24. SMA at 50 days reached $25.06, while 200 days put it at $23.08. A total of 2.0 million shares were traded, compared to the trading of 1.42 million shares in the previous session.
Levels Of Support And Resistance For CARG Stock
The 24-hour chart illustrates a support level at 25.48, which if violated will result in even more drops to 24.02. On the upside, there is a resistance level at 27.70. A further resistance level may holdings at 28.46. The Relative Strength Index (RSI) on the 14-day chart is 63.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.12%. Stochastics%K at 41.10% 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.
