The closing price of CarGurus Inc (NASDAQ: CARG) was $22.22 for the day, down -2.20% from the previous closing price of $22.72. In other words, the price has decreased by -$0.50 from its previous closing price. On the day, 1360977 shares were traded. CARG stock price reached its highest trading level at $22.97 during the session, while it also had its lowest trading level at $22.02.
Ratios:
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 7.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.65. 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.
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 Feb 29 ’24 when Zamora Javier Esquivel sold 23,557 shares for $22.13 per share. The transaction valued at 521,316 led to the insider holds 111,589 shares of the business.
Eldridge Andrea Lee sold 22,358 shares of CARG for $494,783 on Feb 29 ’24. The Chief People Officer now owns 117,432 shares after completing the transaction at $22.13 per share. On Feb 29 ’24, another insider, Zales Samuel, who serves as the COO and President of the company, sold 17,668 shares for $22.22 each. As a result, the insider received 392,583 and left with 564,609 shares of the company.
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 2.39B and an Enterprise Value of 2.27B. As of this moment, CarGurus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 84.26, and their Forward P/E ratio for the next fiscal year is 14.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.61 while its Price-to-Book (P/B) ratio in mrq is 3.90. Its current Enterprise Value per Revenue stands at 2.48 whereas that against EBITDA is 28.01.
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 23.12, while the 200-Day Moving Average is calculated to be 20.88.
Shares Statistics:
CARG traded an average of 991.92K shares per day over the past three months and 1.39M shares per day over the past ten days. A total of 92.18M shares are outstanding, with a floating share count of 84.65M. Insiders hold about 21.21% of the company’s shares, while institutions hold 83.86% stake in the company. Shares short for CARG as of Feb 29, 2024 were 8.02M with a Short Ratio of 8.09, compared to 6.71M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.47% and a Short% of Float of 10.56%.
Earnings Estimates
The firm’s stock currently is rated by 12 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 $1.55, with 12 analysts recommending between $1.84 and $1.22.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 13 analysts. It ranges from a high estimate of $221.6M 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 -6.50% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $226.69M, a decrease of -1.60% over than the figure of -$6.50% in the same quarter last year. There is a high estimate of $245.11M 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 $946.4M, while the lowest revenue estimate was $872M, resulting in an average revenue estimate of $913.04M. In the same quarter a year ago, actual revenue was $914.24M, down -0.10% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $1.01B in the next fiscal year. The high estimate is $1.04B and the low estimate is $932M. The average revenue growth estimate for next year is up 10.40% from the average revenue estimate for this year.
