CarGurus Inc (NASDAQ:CARG), an online auto marketplace that connects buyers and sellers of new and used cars, reported insider sales, according to a recent SEC filing. CarGurus Inc.'s Chief Marketing Officer Dafna Sarnoff sold 10,573 shares of the company's stock on March 18, 2024. The transaction was disclosed in her SEC filing.
Insiders sold a total of 10,573 shares, but did not buy any shares in the company over the past year. CarGurus Inc's insider trading history shows a pattern of 4 insider selling and zero insider buying over the past year.
CarGurus Inc. stock was trading at $22.56 on the latest insider trading day, giving the company a market cap of $2.518 billion. CarGurus Inc's price-to-earnings ratio of 130.22 is significantly higher than the industry median of 16.525, and also higher than the company's historical median price-to-earnings ratio.
According to GF Value, CarGurus Inc's stock price is $22.56 and GuruFocus Value is $20.66, and the price to GF Value ratio is 1.09, indicating that the stock is moderately overvalued.
GF Value is a proprietary intrinsic value estimate by GuruFocus and is calculated based on historical trading multiples, GuruFocus adjustment factors related to the company's past performance, and future performance estimates provided by Morningstar analysts. will be done.
Investors and analysts often monitor insider transactions because they can get an inside view of a company's stock valuation and future prospects. The recent sale by CarGurus Inc.'s Chief Marketing Officer may attract market attention as stakeholders consider the impact of such insider activity.
This article created by GuruFocus is intended to provide general insight and is not intended as financial advice. Our commentary is based on historical data and analyst forecasts using an unbiased methodology and is not intended to serve as specific investment guidance. It does not constitute a recommendation to buy or sell stocks, and does not take into account your individual investment objectives or financial situation. Our objective is to provide fundamental data-driven analysis over time. Please note that our analysis may not incorporate the latest announcements or qualitative information from price-sensitive companies. GuruFocus has no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
