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After finishing at $25.49 in the prior trading day, CarGurus Inc (NASDAQ: CARG) closed at $25.10, down -1.53%. In other words, the price has decreased by -$1.53 from its previous closing price. On the day, 1.34 million shares were traded. CARG stock price reached its highest trading level at $26.045 during the session, while it also had its lowest trading level at $24.16.
Ratios:
Our goal is to gain a better understanding of CARG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 64.27. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 02 ’24 when Quinn Matthew Todd sold 3,978 shares for $24.91 per share. The transaction valued at 99,092 led to the insider holds 217,374 shares of the business.
Zales Samuel sold 25,168 shares of CARG for $640,022 on Jun 17 ’24. The COO and President now owns 511,345 shares after completing the transaction at $25.43 per share. On Jun 06 ’24, another insider, Zales Samuel, who serves as the COO and President of the company, sold 30,000 shares for $25.00 each. As a result, the insider received 750,000 and left with 518,845 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 2534991360 and an Enterprise Value of 2479774976. As of this moment, CarGurus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 78.29, and their Forward P/E ratio for the next fiscal year is 14.90. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.91 while its Price-to-Book (P/B) ratio in mrq is 4.64. Its current Enterprise Value per Revenue stands at 2.761 whereas that against EBITDA is 33.288.
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 3.58%, while the 200-Day Moving Average is calculated to be 13.58%.
Shares Statistics:
The stock has traded on average 810.02K shares per day over the past 3-months and 1064790 shares per day over the last 10 days, according to various share statistics. A total of 92.18M shares are outstanding, with a floating share count of 83.39M. Insiders hold about 19.97% of the company’s shares, while institutions hold 83.87% stake in the company. Shares short for CARG as of 1718323200 were 7257556 with a Short Ratio of 8.96, compared to 1715731200 on 7096539. Therefore, it implies a Short% of Shares Outstanding of 7257556 and a Short% of Float of 13.77.
