CarGurus Inc (NASDAQ: CARG)’s stock price has plunge by 1.43relation to previous closing price of 32.89. Nevertheless, the company has seen a 7.54% surge in its stock price over the last five trading sessions. zacks.com reported 2024-11-07 that The headline numbers for CarGurus (CARG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in CarGurus Inc (NASDAQ: CARG) Right Now?
The stock has a 36-month beta value of 1.54. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for CARG is 82.92M, and at present, short sellers hold a 6.79% of that float. On November 08, 2024, the average trading volume of CARG was 662.27K shares.
CARG’s Market Performance
CARG stock saw an increase of 7.54% in the past week, with a monthly gain of 9.23% and a quarterly increase of 23.83%. The volatility ratio for the week is 3.25%, and the volatility levels for the last 30 days are 2.26% for CarGurus Inc (CARG). The simple moving average for the last 20 days is 5.38% for CARG stock, with a simple moving average of 29.87% for the last 200 days.
Analysts’ Opinion of CARG
Many brokerage firms have already submitted their reports for CARG stocks, with JMP Securities repeating the rating for CARG by listing it as a “Mkt Outperform.” The predicted price for CARG in the upcoming period, according to JMP Securities is $30 based on the research report published on June 07, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see CARG reach a price target of $24, previously predicting the price at $22. The rating they have provided for CARG stocks is “Buy” according to the report published on February 27th, 2024.
UBS gave a rating of “Neutral” to CARG, setting the target price at $21 in the report published on September 15th of the previous year.
CARG Trading at 10.70% 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 -0.18% of loss for the given period.
Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 3.25%, as shares surge +10.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.00% upper at present.
During the last 5 trading sessions, CARG rose by +7.54%, which changed the moving average for the period of 200-days by +46.57% in comparison to the 20-day moving average, which settled at $31.66. In addition, CarGurus Inc saw 38.08% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CARG starting from Zales Samuel, who sale 25,168 shares at the price of $31.62 back on Oct 16 ’24. After this action, Zales Samuel now owns 449,821 shares of CarGurus Inc, valued at $795,812 using the latest closing price.
Zales Samuel, the Officer of CarGurus Inc, proposed sale 25,168 shares at $31.62 during a trade that took place back on Oct 16 ’24, which means that Zales Samuel is holding shares at $795,853 based on the most recent closing price.
Stock Fundamentals for CARG
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.78 for the gross margin
The net margin for CarGurus Inc stands at -0.05. The total capital return value is set at 0.1. Equity return is now at value -8.48, with -5.45 for asset returns.
Based on CarGurus Inc (CARG), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.79. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is 7.09.
Currently, EBITDA for the company is 81.1 million with net debt to EBITDA at -0.24. When we switch over and look at the enterprise to sales, we see a ratio of 3.9. The receivables turnover for the company is 22.06for trailing twelve months and the total asset turnover is 1.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.47.
Conclusion
To sum up, CarGurus Inc (CARG) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
