CarGurus Inc’s recent filing unveils that its Officer Zales Samuel acquired Company’s shares for reported $0.59 million on Nov 08 ’24. In the deal valued at $37.23 per share,15,807 shares were bought.
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Then, Zales Samuel sold 25,168 shares, generating $795,812 in total proceeds. Upon selling the shares at $31.62, the COO and President now owns 449,821 shares.
Before that, Zales Samuel bought 25,168 shares. CarGurus Inc shares valued at $795,853 were divested by the Officer at a price of $31.62 per share.
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 jump 4.88% to $36.51. Over the last five days, the stock has gained 16.68%. CarGurus Inc shares have risen nearly 51.12% since the year began. Nevertheless, the stocks have risen 94.82% over the past one year. While a 52-week high of $37.89 was reached on 11/08/24, a 52-week low of $18.59 was recorded on 04/17/24. SMA at 50 days reached $30.40, while 200 days put it at $25.81.
Levels Of Support And Resistance For CARG Stock
The 24-hour chart illustrates a support level at 35.53, which if violated will result in even more drops to 34.56. On the upside, there is a resistance level at 37.12. A further resistance level may holdings at 37.74. The Relative Strength Index (RSI) on the 14-day chart is 82.71, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.69%. Stochastics %K at 75.85% 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 2024-10-15, dropping by 88786.0 shares to a total of 5.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.72 million shares. There was a decline of -1.58%, 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.
