The closing price of CarGurus Inc. (NASDAQ: CARG) was $13.60 for the day, up 2.18% from the previous closing price of $13.31. In other words, the price has increased by $+0.29 from its previous closing price. On the day, 3268302 shares were traded.
Our analysis of CARG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.94. For the most recent quarter (mrq), Quick Ratio is recorded 3.90 and its Current Ratio is at 4.10. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
On June 21, 2022, BTIG Research reiterated its Buy rating and also upped its target price recommendation from $40 to $33.
On February 02, 2022, Northcoast started tracking the stock assigning a Buy rating and target price of $43.Northcoast initiated its Buy rating on February 02, 2022, with a $43 target price.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 21 when Zales Samuel sold 17,707 shares for $25.02 per share. The transaction valued at 443,029 led to the insider holds 392,587 shares of the business.
Zales Samuel sold 2,293 shares of CARG for $57,348 on Jul 20. The COO and President now owns 392,587 shares after completing the transaction at $25.01 per share. On May 17, another insider, Zales Samuel, who serves as the COO and President of the company, sold 9,039 shares for $25.25 each. As a result, the insider received 228,235 and left with 403,403 shares of the company.
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.96 while its Price-to-Book (P/B) ratio in mrq is 2.79.
Stock Price History:
Over the past 52 weeks, CARG has reached a high of $50.03, while it has fallen to a 52-week low of $9.14. The 50-Day Moving Average of the stock is 14.43, while the 200-Day Moving Average is calculated to be 25.76.
CARG traded an average of 1.73M shares per day over the past three months and 3.05M shares per day over the past ten days. A total of 118.68M shares are outstanding, with a floating share count of 101.41M. Shares short for CARG as of Oct 13, 2022 were 7.71M with a Short Ratio of 6.63M, compared to 7.66M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 6.50% and a Short% of Float of 8.49%.
The firm’s stock currently is rated by 10 analysts. On average, analysts expect EPS of $0.26 for the current quarter, with a high estimate of $0.31 and a low estimate of $0.22, while EPS last year was $0.38. The consensus estimate for the next quarter is $0.29, with high estimates of $0.35 and low estimates of $0.24.
Analysts are recommending an EPS of between $1.25 and $1.16 for the fiscal current year, implying an average EPS of $1.2. EPS for the following year is $1.35, with 11 analysts recommending between $1.56 and $1.13.
A total of 12 analysts have provided revenue estimates for CARG’s current fiscal year. The highest revenue estimate was $1.93B, while the lowest revenue estimate was $1.82B, resulting in an average revenue estimate of $1.88B. In the same quarter a year ago, actual revenue was $951.37M, up 97.50% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $2.27B in the next fiscal year. The high estimate is $2.69B and the low estimate is $2.07B. The average revenue growth estimate for next year is up 20.90% from the average revenue estimate for this year.