On April 2, 2024, Dafna Sarnoff, the Chief Marketing Officer of CarGurus Inc (CARG, Financial), sold 8,602 shares of the company. The transaction was filed with the SEC and can be found in the SEC Filing.
CarGurus Inc is an online automotive marketplace connecting buyers and sellers of new and used cars. The company uses proprietary technology, search algorithms, and data analytics to bring trust and transparency to the automotive search experience and help users find great deals from top-rated dealers.
Over the past year, Dafna Sarnoff has sold a total of 19,175 shares of CarGurus Inc and has not made any purchases of the stock. The insider transaction history for CarGurus Inc shows that there have been no insider buys and six insider sells over the past year.
Shares of CarGurus Inc were trading at $22.75 on the day of the insider's recent sale, giving the company a market cap of $2.442 billion. The price-earnings ratio of the company stands at 126.28, which is significantly higher than the industry median of 16.345 and also above the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.11, with a GF Value of $20.50, indicating that CarGurus Inc is considered modestly overvalued based on its GF Value. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
