CarGurus Inc’s recent filing unveils that its COO and President Zales Samuel unloaded Company’s shares for reported $0.36 million on Jan 02 ’25. In the deal valued at $36.62 per share,9,857 shares were sold. As a result of this transaction, Zales Samuel now holds 434,821 shares worth roughly $15.46 million.
Then, Sarnoff Dafna sold 10,570 shares, generating $378,195 in total proceeds. Upon selling the shares at $35.78, the Chief Marketing Officer now owns 95,261 shares.
Before that, Quinn Matthew Todd sold 4,678 shares. CarGurus Inc shares valued at $167,379 were divested by the Chief Technology Officer at a price of $35.78 per share. As a result of the transaction, Quinn Matthew Todd now holds 195,795 shares, worth roughly $6.96 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 fall -4.18% to $35.56. Over the last five days, the stock has lost -0.48%. CarGurus Inc shares have fallen nearly -2.68% since the year began. Nevertheless, the stocks have risen 55.28% over the past one year. While a 52-week high of $39.10 was reached on 01/06/25, a 52-week low of $21.18 was recorded on 01/10/25. SMA at 50 days reached $35.99, while 200 days put it at $28.54.
Levels Of Support And Resistance For CARG Stock
The 24-hour chart illustrates a support level at 34.90, which if violated will result in even more drops to 34.25. On the upside, there is a resistance level at 36.41. A further resistance level may holdings at 37.26. The Relative Strength Index (RSI) on the 14-day chart is 43.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.30%. Stochastics %K at 47.32% 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.
