The Insider Activity Report For CarGurus Inc. (CARG): Who’s Selling?

CarGurus Inc. (NASDAQ:CARG) trading with an addition of $0.78 to $34.78 on Friday, an upside of 2.29 percent. An average of 979,327 shares of common stock have been traded in the last five days. There was a gain of $2.53 in the past week. The last 20 days have seen an average of 961,157 shares traded, while the 50-day average volume stands at 1,105,271.

CARG stock has increased by 15.06% in the last month. The company shares reached their 1-month lowest point of $29.28 on 09/09/21. With the stock rallying to its 52-week high on 02/11/21, shares of the company touched a low of $19.24 and a high of $36.54 in 52 weeks. In spite of this, the price is down -4.82% from the 52-week high.

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Insider Transactions

2 days have passed since CarGurus Inc. (CARG) last reported insider trading activity. Steinert Langley, who is Executive Chairman, most recently acquired $3,110 shares at $31.84 per share on Oct 06. In this transaction, the insider spent $99,022. Executive Chairman, Steinert Langley, disposed of 27,988 shares at a price of $31.84 on Oct 06. The insider now owns more than $891,138 worth of shares. Prior to that, Executive Chairman Steinert Langley went on to Sale 3,110 shares at $31.80 each on Oct 05. An amount of $98,898 was transacted.

Valuation Metrics

CarGurus Inc. (CARG) has a trailing price-to-earnings (P/E) ratio of 36.48, which compares with the 30.20 for the broader industry and 30.74 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, CarGurus Inc.’s PE ratio has ranged between 607.26 and 26.77. The stock’s beta is 1.83. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.60, the price-to-book (PB) ratio at 7.25, and the price-to-cash flow ratio at 19.44.

The company has a payout ratio of 0.00%.

The quick ratio of CarGurus Inc. for the three months ended June 29 was 3.80, and the current ratio was 3.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 86.10% against a 5-year average of 94.0%. CarGurus Inc.’s EBITDA margin for the year ending June 29 is 23.38%, while its operating margin for the same period stands at 20.50%. Its gross profit as reported stood at $508.75 million compared to revenue of $551.45 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, CarGurus Inc.’s return on assets was 17.50%, compared to 7.1% over the last five years. For the broader industry, ROE averaged 7.41 over the past year.

Earnings Surprise

For the three-month period that ended June 29, CarGurus Inc. had $85.0 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $217.75 million in the quarter, while revenues of $171.37 million were grew 56.49%. The analyst consensus anticipated CarGurus Inc.’s latest quarter earnings to come in at $0.25 per share, but it turned out to be $0.41, a 64.00% surprise. For the quarter, EBITDA amounted to $51.9 million. Shareholders own equity worth $117.37 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at CarGurus Inc. (CARG) price momentum. RSI 9-day as of the close on 07 October was 72.28%, suggesting the stock is Overbought, with historical volatility in this time frame at 51.48%.

As of today, CARG’s price is $32.81 +7.76% or $2.53 from its 5-day moving average. CARG is currently trading +11.28% higher than its 20-day SMA and +23.59% higher than its 100-day SMA. However, the stock’s current price level is +19.96% above the SMA50 and +3.34% above the SMA200.

The stochastic %K and %D were 75.00% and 54.79%, respectively, and the average true range (ATR) was 1.35. With the 14-day stochastic at 92.25% and the average true range at 1.28, the RSI (14) stands at 67.79%. The stock has reached 1.45 on the 9-day MACD Oscillator while the 14-day reading was at 1.53.

Analyst Ratings

RBC Capital Mkts upgraded CarGurus Inc. (NASDAQ: CARG) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a a Sector perform.The consensus rating for CarGurus Inc. (CARG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CARG, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.

What is CARG’s price target for the next 12 months?

Analysts predict a range of price targets between $31.00 and $59.00, with a median target of $38.00. Taking a look at these predictions, the average price target given by analysts for CarGurus Inc. (CARG) stock is $38.17.


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