CarGurus Inc. (NASDAQ:CARG) saw a downside of -2.54% to close Monday at $33.81 after subtracting -$0.88 on the day. The 5-day average trading volume is 1,257,600 shares of the company’s common stock. It has gained $35.43 in the past week. An average of 1,021,030 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,131,754.
CARG’s 1-month performance is 7.27% or $2.29 on its low of $30.84 reached on 09/20/21. The company’s shares have touched a 52-week low of $19.24 and high of $36.54, with the stock’s rally to the 52-week high happening on 02/11/21. YTD, CARG has achieved 6.56% or $2.08. However, the current price is down -7.47%% from the 52-week high price.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
On Oct 06, 6 days have gone by since the last insider trading activity for CarGurus Inc. (CARG). Steinert Langley (Executive Chairman) most recently sold 3,110 shares at $31.84 per share on Oct 06. This transaction cost the insider $99,022. Executive Chairman, Steinert Langley, sold 27,988 shares at a price of $31.84 on Oct 06. Then, on Oct 05, Executive Chairman Steinert Langley sold 3,110 shares at a price of $31.80 per share. This transaction amounted to $98,898.
The company’s PE ratio for the last five years has touched a high of 607.26 and a low of 26.77. CARG stock has a beta of 1.84. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.65 while the price-to-book (PB) in the most recent quarter is 7.21, with the price to cash flow ratio at 19.63.
CarGurus Inc.’s quick ratio for the period ended June 29 was 3.80, with the current ratio over the same period at 3.80 meaning that CARG stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 86.10%. The trailing 12-month EBITDA margin is 23.38% while for the period ending June 29; CarGurus Inc.’s operating margin was 20.50%. The firm’s gross profit as reported stood at $508.75 million against revenue of $551.45 million.
For the quarterly period ending June 29 this year, CarGurus Inc.’s cash and short-term investments amounted to $85.0 million against total debt of $75.88 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 56.49% to $217.75 million, while revenue of $171.37 million was 21.3% off the previous quarter. Analysts expected CARG to announce $0.25 per share in earnings in its latest quarter, but it posted $0.41, representing a 64.00% surprise. EBITDA for the quarter stood at more than $51.9 million. CARG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 235.02 million, with total debt at $75.88 million. Shareholders hold equity totaling $117.37 million
Let’s look briefly at CarGurus Inc. (CARG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 61.95% to suggest the stock is trending Neutral, with historical volatility in this time period at 45.98%.
The stock’s 5-day moving average is $33.27, reflecting a +8.68% or $2.70 change from its current price. CARG is currently trading +6.59% above its 20-day SMA, +21.79% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +18.22% and +1.62% respectively.
Stochastic %K and %D was 77.57% and 68.91% and the average true range (ATR) pointed at 1.35. The RSI (14) points at 60.88%, while the 14-day stochastic is at 64.63% with the period’s ATR at 1.29. The stock’s 9-day MACD Oscillator is pointing at 1.66 and 1.82 on the 14-day charts.
In the most recent analyst report for CarGurus Inc. (NASDAQ: CARG), RBC Capital Mkts upgraded it to an Outperform rating. They previously had a Sector perform rating on the stock. Analysts offering their rating for CARG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CARG as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.
What is CARG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $31.00 and a high of $59.00, with their median price target at $38.00. Looking at these predictions, the average price target given by analysts is for CarGurus Inc. (CARG) stock is $38.17.