The stock of CarGurus Inc (CARG) has seen a 6.36% increase in the past week, with a -1.16% drop in the past month, and a -0.39% decrease in the past quarter. The volatility ratio for the week is 2.57%, and the volatility levels for the past 30 days are at 2.53% for CARG. The simple moving average for the last 20 days is 1.09% for CARG stock, with a simple moving average of 8.62% for the last 200 days.
Is It Worth Investing in CarGurus Inc (NASDAQ: CARG) Right Now?
The price-to-earnings ratio for CarGurus Inc (NASDAQ: CARG) is above average at 86.88x, Company’s 36-month beta value is 1.56.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for CARG is 84.38M, and currently, short sellers hold a 8.53% ratio of that floaft. The average trading volume of CARG on April 26, 2024 was 1.09M shares.
CARG) stock’s latest price update
CarGurus Inc (NASDAQ: CARG) has seen a decline in its stock price by -1.84 in relation to its previous close of 23.34. However, the company has experienced a 6.36% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-20 that A sizable debt burden and a lack of profits introduce financial risk for this business. This company will struggle to post consistent growth in a higher rate environment.
Analysts’ Opinion of CARG
Many brokerage firms have already submitted their reports for CARG stocks, with Needham repeating the rating for CARG by listing it as a “Buy.” The predicted price for CARG in the upcoming period, according to Needham is $24 based on the research report published on February 27, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see CARG reach a price target of $21. The rating they have provided for CARG stocks is “Neutral” according to the report published on September 15th, 2023.
B. Riley Securities gave a rating of “Buy” to CARG, setting the target price at $28 in the report published on July 20th of the previous year.
CARG Trading at 0.21% from the 50-Day Moving Average
After a stumble in the market that brought CARG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.02% of loss for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 2.57%, as shares sank -0.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.78% upper at present.
During the last 5 trading sessions, CARG rose by +6.36%, which changed the moving average for the period of 200-days by +0.35% in comparison to the 20-day moving average, which settled at $22.66. In addition, CarGurus Inc saw -5.17% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CARG starting from Zales Samuel, who sale 17,668 shares at the price of $21.42 back on Apr 16 ’24. After this action, Zales Samuel now owns 548,845 shares of CarGurus Inc, valued at $378,449 using the latest closing price.
Sarnoff Dafna, the Chief Marketing Officer of CarGurus Inc, sale 4,301 shares at $22.46 during a trade that took place back on Apr 02 ’24, which means that Sarnoff Dafna is holding 155,617 shares at $96,600 based on the most recent closing price.
Stock Fundamentals for CARG
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.71 for the gross margin
The net margin for CarGurus Inc stands at 0.04. The total capital return value is set at 0.04. Equity return is now at value 4.60, with 3.37 for asset returns.
Based on CarGurus Inc (CARG), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.64.
Currently, EBITDA for the company is 81.1 million with net debt to EBITDA at -1.2. When we switch over and look at the enterprise to sales, we see a ratio of 2.59. The receivables turnover for the company is 22.88for trailing twelve months and the total asset turnover is 0.99. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.30.
Conclusion
In a nutshell, CarGurus Inc (CARG) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
