Understanding CarGurus Inc. (CARG) through its ratios

In the latest session, CarGurus Inc. (NASDAQ: CARG) closed at $18.74 up 0.32% from its previous closing price of $18.68. In other words, the price has increased by $+0.06 from its previous closing price. On the day, 804402 shares were traded. CARG stock price reached its highest trading level at $18.84 during the session, while it also had its lowest trading level at $18.35.

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For a deeper understanding of CarGurus Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.40 and its Current Ratio is at 4.40. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CARG now has a Market Capitalization of 2.16B and an Enterprise Value of 1.91B. As of this moment, CarGurus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.61, and their Forward P/E ratio for the next fiscal year is 18.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 3.11. Its current Enterprise Value per Revenue stands at 1.31 whereas that against EBITDA is 13.51.

Stock Price History:

Over the past 52 weeks, CARG has reached a high of $26.73, while it has fallen to a 52-week low of $9.14. The 50-Day Moving Average of the stock is 17.73, while the 200-Day Moving Average is calculated to be 16.25.

Shares Statistics:

For the past three months, CARG has traded an average of 1.14M shares per day and 1.34M over the past ten days. A total of 115.36M shares are outstanding, with a floating share count of 97.88M. Insiders hold about 1.60% of the company’s shares, while institutions hold 105.77% stake in the company. Shares short for CARG as of Apr 27, 2023 were 8.57M with a Short Ratio of 8.57M, compared to 9.45M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 7.51% and a Short% of Float of 10.36%.

Earnings Estimates

There are 7 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.23 for the current quarter, with a high estimate of $0.25 and a low estimate of $0.2, while EPS last year was $0.32. The consensus estimate for the next quarter is $0.23, with high estimates of $0.27 and low estimates of $0.16.

Analysts are recommending an EPS of between $1.05 and $0.57 for the fiscal current year, implying an average EPS of $0.93. EPS for the following year is $1.02, with 9 analysts recommending between $1.31 and $0.69.

Revenue Estimates

A total of 9 analysts believe the company’s revenue will be $229.8M this quarter.It ranges from a high estimate of $234.3M to a low estimate of $220.5M. As of the current estimate, CarGurus Inc.’s year-ago sales were $511.23M, an estimated decrease of -55.00% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $238.02M, a decrease of -44.20% over than the figure of -$55.00% in the same quarter last year. There is a high estimate of $243.3M for the next quarter, whereas the lowest estimate is $232M.

A total of 10 analysts have provided revenue estimates for CARG’s current fiscal year. The highest revenue estimate was $957.8M, while the lowest revenue estimate was $902.4M, resulting in an average revenue estimate of $939.84M. In the same quarter a year ago, actual revenue was $1.66B, down -43.20% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $1.06B in the next fiscal year. The high estimate is $1.14B and the low estimate is $1.01B. The average revenue growth estimate for next year is up 13.00% from the average revenue estimate for this year.