CarGurus Inc’s recently made public that its COO and President Zales Samuel unloaded Company’s shares for reported $0.73 million on Sep 16 ’24. In the deal valued at $28.88 per share,25,168 shares were sold. As a result of this transaction, Zales Samuel now holds 455,415 shares worth roughly $13.57 million.
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Then, Zales Samuel bought 25,168 shares, generating $726,899 in total proceeds.
Before that, Sarnoff Dafna sold 3,107 shares. CarGurus Inc shares valued at $88,301 were divested by the Chief Marketing Officer at a price of $28.42 per share. As a result of the transaction, Sarnoff Dafna now holds 128,952 shares, worth roughly $3.84 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 Monday, CarGurus Inc [NASDAQ:CARG] saw its stock fall -1.85% to $29.79. Over the last five days, the stock has gained 2.76%. CarGurus Inc shares have risen nearly 23.30% since the year began. Nevertheless, the stocks have risen 69.74% over the past one year. While a 52-week high of $30.99 was reached on 09/19/24, a 52-week low of $16.70 was recorded on 04/17/24. SMA at 50 days reached $27.02, while 200 days put it at $24.41.
Levels Of Support And Resistance For CARG Stock
The 24-hour chart illustrates a support level at 29.49, which if violated will result in even more drops to 29.20. On the upside, there is a resistance level at 30.33. A further resistance level may holdings at 30.87. The Relative Strength Index (RSI) on the 14-day chart is 60.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.21%. Stochastics %K at 84.24% indicates the stock is a selling.
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.
