Timing, Fundamentals, and Diversification of CarGurus Inc. (CARG)

The closing price of CarGurus Inc. (NASDAQ: CARG) was $16.59 for the day, up 0.61% from the previous closing price of $16.49. In other words, the price has increased by $+0.10 from its previous closing price. On the day, 989320 shares were traded. CARG stock price reached its highest trading level at $16.85 during the session, while it also had its lowest trading level at $16.27.

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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 4.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.52. 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

BTIG Research reiterated its Buy rating for the stock on June 21, 2022, while the target price for the stock was revised from $40 to $33.

Insider Transactions:

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.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.13 while its Price-to-Book (P/B) ratio in mrq is 3.41.

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 13.99, while the 200-Day Moving Average is calculated to be 20.41.

Shares Statistics:

CARG traded an average of 1.82M shares per day over the past three months and 1.37M shares per day over the past ten days. A total of 118.68M shares are outstanding, with a floating share count of 101.40M. Shares short for CARG as of Oct 13, 2022 were 7.71M with a Short Ratio of 9.10M, 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%.

Earnings Estimates

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.

Revenue Estimates

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.