In a filing, CarGurus Inc revealed its Executive Chair Steinert Langley unloaded Company’s shares for reported $0.39 million on Dec 23 ’24. In the deal valued at $35.92 per share,10,935 shares were sold. As a result of this transaction, Steinert Langley now holds 896,122 shares worth roughly $33.22 million.
Then, Steinert Langley sold 1,225 shares, generating $44,005 in total proceeds. Upon selling the shares at $35.92, the Executive Chair now owns 51,368 shares.
Before that, Steinert Langley sold 45,406 shares. CarGurus Inc shares valued at $1,691,662 were divested by the Executive Chair at a price of $37.26 per share. As a result of the transaction, Steinert Langley now holds 997,869 shares, worth roughly $36.99 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 0.52% to $37.07. Over the last five days, the stock has gained 2.74%. CarGurus Inc shares have risen nearly 53.44% since the year began. Nevertheless, the stocks have risen 51.68% over the past one year. While a 52-week high of $39.10 was reached on 12/06/24, a 52-week low of $21.18 was recorded on 04/17/24. SMA at 50 days reached $35.23, while 200 days put it at $28.01.
Levels Of Support And Resistance For CARG Stock
The 24-hour chart illustrates a support level at 36.44, which if violated will result in even more drops to 35.80. On the upside, there is a resistance level at 37.40. A further resistance level may holdings at 37.72. The Relative Strength Index (RSI) on the 14-day chart is 54.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.76%. Stochastics %K at 37.74% 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 2024-12-13, dropping by 71279.0 shares to a total of 5.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.58 million shares. There was a decline of -1.29%, 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.
