Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of CarGurus Inc (NASDAQ: CARG) was $22.91 for the day, down -1.84% from the previous closing price of $23.34. In other words, the price has decreased by -$1.84 from its previous closing price. On the day, 1.08 million shares were traded. CARG stock price reached its highest trading level at $23.21 during the session, while it also had its lowest trading level at $22.81.
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 7.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.54. 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 Apr 16 ’24 when Zales Samuel sold 17,668 shares for $21.42 per share. The transaction valued at 378,449 led to the insider holds 548,845 shares of the business.
Sarnoff Dafna sold 4,301 shares of CARG for $96,600 on Apr 02 ’24. The Chief Marketing Officer now owns 155,617 shares after completing the transaction at $22.46 per share. On Apr 01 ’24, another insider, Sarnoff Dafna, who serves as the Chief Marketing Officer of the company, sold 4,301 shares for $23.04 each. As a result, the insider received 99,095 and left with 163,798 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 2507636992 and an Enterprise Value of 2343734016. As of this moment, CarGurus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 86.88, and their Forward P/E ratio for the next fiscal year is 14.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.69 while its Price-to-Book (P/B) ratio in mrq is 4.02. Its current Enterprise Value per Revenue stands at 2.564 whereas that against EBITDA is 35.316.
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 0.21%, while the 200-Day Moving Average is calculated to be 8.62%.
Shares Statistics:
CARG traded an average of 1.09M shares per day over the past three months and 703560 shares per day over the past ten days. A total of 92.18M shares are outstanding, with a floating share count of 84.38M. Insiders hold about 21.46% of the company’s shares, while institutions hold 83.75% stake in the company. Shares short for CARG as of 1713139200 were 7199495 with a Short Ratio of 6.63, compared to 1710460800 on 9185500. Therefore, it implies a Short% of Shares Outstanding of 7199495 and a Short% of Float of 9.4799995.
