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In the latest session, CarGurus Inc (NASDAQ: CARG) closed at $24.70 down -1.67% from its previous closing price of $25.12. In other words, the price has decreased by -$1.67 from its previous closing price. On the day, 0.64 million shares were traded. CARG stock price reached its highest trading level at $25.495 during the session, while it also had its lowest trading level at $24.6.
Ratios:
For a deeper understanding of CarGurus Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 63.25. For the most recent quarter (mrq), Quick Ratio is recorded 2.69 and its Current Ratio is at 2.69. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.32.
On February 27, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $22 to $24.
On September 15, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $21.UBS initiated its Neutral rating on September 15, 2023, with a $21 target price.
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 16 ’24 when Zales Samuel sold 25,168 shares for $26.49 per share. The transaction valued at 666,700 led to the insider holds 488,083 shares of the business.
Quinn Matthew Todd sold 3,978 shares of CARG for $99,092 on Jul 02 ’24. The Chief Technology Officer now owns 217,374 shares after completing the transaction at $24.91 per share. On Jun 17 ’24, another insider, Zales Samuel, who serves as the COO and President of the company, sold 25,168 shares for $25.43 each. As a result, the insider received 640,022 and left with 511,345 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 2573542400 and an Enterprise Value of 2562087168. As of this moment, CarGurus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 77.04, and their Forward P/E ratio for the next fiscal year is 14.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.87 while its Price-to-Book (P/B) ratio in mrq is 4.57. Its current Enterprise Value per Revenue stands at 2.853 whereas that against EBITDA is 34.393.
Stock Price History:
Over the past 52 weeks, CARG has reached a high of $26.90, while it has fallen to a 52-week low of $16.70. The 50-Day Moving Average of the stock is -1.46%, while the 200-Day Moving Average is calculated to be 8.26%.
Shares Statistics:
For the past three months, CARG has traded an average of 789.38K shares per day and 565250 over the past ten days. A total of 92.18M shares are outstanding, with a floating share count of 83.47M. Insiders hold about 19.89% of the company’s shares, while institutions hold 83.41% stake in the company. Shares short for CARG as of 1721001600 were 6171558 with a Short Ratio of 7.82, compared to 1718323200 on 7257556. Therefore, it implies a Short% of Shares Outstanding of 6171558 and a Short% of Float of 11.709999999999999.
