Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CarGurus Inc shares valued at $891,702 were sold by Zales Samuel on Nov 18 ’24. At $35.43 per share, Zales Samuel sold 25,168 shares. The insider’s holdings dropped to 442,321 shares worth approximately $15.8 million following the completion of this transaction.
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Also, Trevisan Jason sold 10,000 shares, netting a total of over 354,100 in proceeds. Following the sale of shares at $35.41 each, the insider now holds 779,606 shares.
Before that, Hallowell Zachary Emerson had sold 9,544 shares from its account. In a trade valued at $337,953, the CEO, CarOffer traded CarGurus Inc shares for $35.41 each. Upon closing the transaction, the insider’s holdings decreased to 9,544 shares, worth approximately $4.54 million.
As published in a research note from JMP Securities on June 07, 2024, CarGurus Inc [CARG] has been rated up from a Mkt perform to a Mkt outperform and the price target has been revised to $30. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in late February. As of September 15, 2023, UBS has initiated its “Neutral” rating for CARG. Earlier on July 20, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for CARG stock.
Analyzing CARG Stock Performance
During the last five days, there has been a drop of approximately -0.45%. Over the course of the year, CarGurus Inc shares have jumped approximately 47.89%. Shares of the company reached a 52-week high of $37.94 on 11/12/24 and a 52-week low of $21.18 on 04/17/24. A 50-day SMA is recorded $31.73, while a 200-day SMA reached $26.30. Nevertheless, trading volume fell to 0.72 million shares from 0.64 million shares the previous day.
Support And Resistance Levels for CarGurus Inc (CARG)
According to the 24-hour chart, there is a support level at 35.01, which, if violated, would cause prices to drop to 34.28. In the upper region, resistance lies at 36.23. The next price resistance is at 36.72. RSI (Relative Strength Index) is 65.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.59, which suggests the price will decrease in the coming days. Percent R is at 28.15%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
