CarGurus Inc’s recent filing unveils that its Chief Marketing Officer Sarnoff Dafna unloaded Company’s shares for reported $88301.0 on Sep 03 ’24. In the deal valued at $28.42 per share,3,107 shares were sold. As a result of this transaction, Sarnoff Dafna now holds 128,952 shares worth roughly $3.76 million.
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Then, Sarnoff Dafna bought 3,107 shares, generating $88,301 in total proceeds.
Before that, Schwartz Greg M sold 11,000 shares. CarGurus Inc shares valued at $311,190 were divested by the Director at a price of $28.29 per share. As a result of the transaction, Schwartz Greg M now holds 10,129 shares, worth roughly $0.29 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 2.46% to $29.12. Over the last five days, the stock has gained 6.94%. CarGurus Inc shares have risen nearly 20.53% since the year began. Nevertheless, the stocks have risen 62.95% over the past one year. While a 52-week high of $29.40 was reached on 08/30/24, a 52-week low of $16.70 was recorded on 04/17/24. SMA at 50 days reached $26.45, while 200 days put it at $24.17.
Levels Of Support And Resistance For CARG Stock
The 24-hour chart illustrates a support level at 28.74, which if violated will result in even more drops to 28.37. On the upside, there is a resistance level at 29.38. A further resistance level may holdings at 29.65. The Relative Strength Index (RSI) on the 14-day chart is 61.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.90%. Stochastics %K at 65.04% indicates the stock is a holding.
How much short interest is there in CarGurus Inc?
A steep rise in short interest was recorded in CarGurus Inc stocks on 2024-08-30, dropping by -0.56 million shares to a total of 5.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 6.33 million shares. There was a decline of -9.65%, which implies that there is a negative sentiment for the stock.
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.
