CarGurus Inc (NASDAQ: CARG) closed the day trading at $22.14 up 1.33% from the previous closing price of $21.85. In other words, the price has increased by $+0.29 from its previous closing price. On the day, 1735435 shares were traded. CARG stock price reached its highest trading level at $22.48 during the session, while it also had its lowest trading level at $21.97.
Ratios:
For a better understanding of CARG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.83. For the most recent quarter (mrq), Quick Ratio is recorded 3.30 and its Current Ratio is at 3.30. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.30.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on February 27, 2024, Reiterated its Buy rating but revised its target price to $24 from $22 previously.
On September 15, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $21.
On July 20, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $28.B. Riley Securities initiated its Buy rating on July 20, 2023, with a $28 target price.
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 2.35B and an Enterprise Value of 2.23B. As of this moment, CarGurus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 83.96, and their Forward P/E ratio for the next fiscal year is 14.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.72 while its Price-to-Book (P/B) ratio in mrq is 3.88. Its current Enterprise Value per Revenue stands at 2.44 whereas that against EBITDA is 27.51.
Stock Price History:
Over the past 52 weeks, CARG has reached a high of $24.64, while it has fallen to a 52-week low of $15.34. The 50-Day Moving Average of the stock is 23.43, while the 200-Day Moving Average is calculated to be 20.68.
Shares Statistics:
Over the past 3-months, CARG traded about 921.01K shares per day on average, while over the past 10 days, CARG traded about 1.49M shares per day. A total of 92.18M shares are outstanding, with a floating share count of 89.08M. Insiders hold about 20.66% of the company’s shares, while institutions hold 79.85% stake in the company. Shares short for CARG as of Feb 15, 2024 were 6.96M with a Short Ratio of 7.56, compared to 7.1M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.44% and a Short% of Float of 9.08%.
Earnings Estimates
Current recommendations for the stock of the company come from 13 analysts. On average, analysts expect EPS of $0.28 for the current quarter, with a high estimate of $0.35 and a low estimate of $0.24, while EPS last year was $0.26. The consensus estimate for the next quarter is $0.3, with high estimates of $0.36 and low estimates of $0.24.
Analysts are recommending an EPS of between $1.46 and $0.81 for the fiscal current year, implying an average EPS of $1.25. EPS for the following year is $1.49, with 13 analysts recommending between $1.82 and $1.14.
Revenue Estimates
13 analysts predict $220.67M in revenue for the current quarter. It ranges from a high estimate of $256.51M to a low estimate of $210.93M. As of the current estimate, CarGurus Inc’s year-ago sales were $231.96M, an estimated decrease of -4.90% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $230.93M, an increase of 0.20% over than the figure of -$4.90% in the same quarter last year. There is a high estimate of $264.1M for the next quarter, whereas the lowest estimate is $218M.
A total of 13 analysts have provided revenue estimates for CARG’s current fiscal year. The highest revenue estimate was $1.02B, while the lowest revenue estimate was $872M, resulting in an average revenue estimate of $925.58M. In the same quarter a year ago, actual revenue was $914.24M, up 1.20% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $1.02B in the next fiscal year. The high estimate is $1.14B and the low estimate is $932M. The average revenue growth estimate for next year is up 10.10% from the average revenue estimate for this year.
