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Insider Trends: CarGurus Sees 90 Days of Insider Buying Trend Scaling Back with Share Sale

05/11/2021 13:35

05:31 PM EDT, 05/11/2021 (MT Newswires) -- On May 07, 2021, Langley Steinert, 10% Owner, Director and Executive Chairman, reported a sale of 31,098 shares in CarGurus (CARG) for $846,273. After the Form 4 filing with the SEC, Steinert has control over 1,358,774 shares of company stock of which 1,241,892 shares are held directly and 116,882 are controlled indirectly. These holdings have an approximate market value of $37.5 million as of the prior-day closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 35 insider transactions reported to the SEC for CarGurus. These transactions came from the activities of 10 different insiders that resulted in a net acquisition of 423,699 company shares. In the preceding 90-day window of time, there were 36 transactions from 9 insiders that resulted in the net disposition of 214,901 shares.

This level of insider transactions is lower than the peer group average in the 65-company Online Services (NEC) peer group over the last 90-day period. Activity in the peer group averaged 91.8 transactions per company, and disposition of 11,146 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1494259/000112760221016268/xslF345X03/form4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.