On April 2, 2024, Dafna Sarnoff, Chief Marketing Officer at CarGurus Inc (NASDAQ:CARG) sold 8,602 shares of the company's stock. This transaction was filed with her SEC and is described in her SEC filing.
CarGurus Inc is an online automotive marketplace that connects 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 car search experience, helping users find great deals from top dealers.
Over the past year, Dafna Sarnoff sold a total of 19,175 shares of CarGurus Inc, but did not buy any shares. CarGurus Inc.'s insider trading history shows that there were no insider buys and 6 insider sells in the past year.
CarGurus Inc. stock was trading at $22.75 on the day of the most recent insider sale, giving the company a market cap of $2.442 billion. The company's price-to-earnings ratio of 126.28 is significantly higher than the industry median of 16.345, and is also higher than the company's historical median price-to-earnings ratio.
The Price to GF Value ratio is 1.11 and the GF Value is $20.50, indicating that CarGurus Inc is considered moderately overvalued based on the GF Value. GF Value is calculated by considering historical trading multiples, GuruFocus adjustment factors based on past earnings and growth, and Morningstar analyst estimates of future business performance.
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.
