The stock price of CarGurus Inc (NASDAQ: CARG) has surged by 0.75 when compared to previous closing price of 36.08, but the company has seen a -3.50% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-17 that Seventh annual survey finds consumer satisfaction and buying power on the rise as shoppers increasingly tap the power of online tools to research and guide their decisions BOSTON, Dec. 17, 2024 (GLOBE NEWSWIRE) — CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today released its seventh annual U.S. Consumer Insights Report2, examining shopper trends along the car buying and selling journey.
Is It Worth Investing in CarGurus Inc (NASDAQ: CARG) Right Now?
The 36-month beta value for CARG is also noteworthy at 1.59. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 4 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CARG is 82.93M, and at present, short sellers hold a 6.64% of that float. The average trading volume of CARG on December 20, 2024 was 623.11K shares.
CARG’s Market Performance
The stock of CarGurus Inc (CARG) has seen a -3.50% decrease in the past week, with a 3.39% rise in the past month, and a 22.03% gain in the past quarter. The volatility ratio for the week is 3.50%, and the volatility levels for the past 30 days are at 2.60% for CARG. The simple moving average for the past 20 days is -2.88% for CARG’s stock, with a 31.06% simple moving average for the past 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 4.44% 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 -7.03% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 3.50%, as shares surge +2.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.42% upper at present.
During the last 5 trading sessions, CARG fell by -3.11%, which changed the moving average for the period of 200-days by +56.79% in comparison to the 20-day moving average, which settled at $37.44. In addition, CarGurus Inc saw 50.46% 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 7,500 shares at the price of $37.70 back on Dec 16 ’24. After this action, Zales Samuel now owns 434,821 shares of CarGurus Inc, valued at $282,750 using the latest closing price.
Steinert Langley, the Executive Chair of CarGurus Inc, sale 45,406 shares at $37.30 during a trade that took place back on Dec 17 ’24, which means that Steinert Langley is holding 1,043,275 shares at $1,693,795 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
- 0.79 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 -8.11, with -5.33 for asset returns.
Currently, EBITDA for the company is 81.1 million with net debt to EBITDA at -0.58. When we switch over and look at the enterprise to sales, we see a ratio of 4.17. The receivables turnover for the company is 19.96for trailing twelve months and the total asset turnover is 1.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.85.
Conclusion
In summary, CarGurus Inc (CARG) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
