CarGurus Inc. [NASDAQ: CARG] loss -4.34% on the last trading session, reaching $26.20 price per share at the time. CarGurus Inc. represents 112.36 million in outstanding shares, while the company has a total market value of $2.96 billion with the latest information. CARG stock price has been found in the range of $26.05 to $27.74.
If compared to the average trading volume of 2.05M shares, CARG reached a trading volume of 2716933 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about CarGurus Inc. [CARG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CARG shares is $30.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CARG stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for CarGurus Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 11, 2020. While these analysts kept the previous recommendation, RBC Capital Mkts dropped their target price from $25 to $22. The new note on the price target was released on April 17, 2020, representing the official price target for CarGurus Inc. stock. Previously, the target price had yet another raise to $23, while BTIG Research analysts kept a Buy rating on CARG stock.
The Average True Range (ATR) for CarGurus Inc. is set at 1.34, with the Price to Sales ratio for CARG stock in the period of the last 12 months amounting to 4.84. The Price to Book ratio for the last quarter was 10.61, with the Price to Cash per share for the same quarter was set at 1.38. Price to Free Cash Flow for CARG in the course of the last twelve months was 43.74 with Quick ratio for the last quarter at 3.60.
Trading performance analysis for CARG stock
CarGurus Inc. [CARG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.11. With this latest performance, CARG shares gained by 5.35% in over the last four-week period, additionally sinking by -31.86% over the last 6 months – not to mention a drop of -25.23% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CARG stock in for the last two-week period is set at 58.43, with the RSI for the last a single of trading hit 53.74, and the three-weeks RSI is set at 57.30 for CarGurus Inc. [CARG]. The present Moving Average for the last 50 days of trading for this stock 22.18, while it was recorded at 27.28 for the last single week of trading, and 29.86 for the last 200 days.
CarGurus Inc. [CARG]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and CarGurus Inc. [CARG] shares currently have an operating margin of +5.96 and a Gross Margin at +93.06. CarGurus Inc.’s Net Margin is presently recorded at +7.16.
Return on Total Capital for CARG is now 13.49, given the latest momentum, and Return on Invested Capital for the company is 16.47. Return on Equity for this stock inclined to 18.69, with Return on Assets sitting at 12.58. When it comes to the capital structure of this company, CarGurus Inc. [CARG] has a Total Debt to Total Equity ratio set at 27.10. Additionally, CARG Total Debt to Total Capital is recorded at 21.32, with Total Debt to Total Assets ending up at 17.68. Long-Term Debt to Equity for the company is recorded at 23.68, with the Long-Term Debt to Total Capital now at 18.63.
Reflecting on the efficiency of the workforce at the company, CarGurus Inc. [CARG] managed to generate an average of $45,761 per employee. Receivables Turnover for the company is 32.96 with a Total Asset Turnover recorded at a value of 1.76.CarGurus Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.60 and a Current Ratio set at 3.60.
CarGurus Inc. [CARG]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, CarGurus Inc. posted 0.1/share EPS, while the average EPS was predicted by analysts to be reported at 0.07/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 42.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CARG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CarGurus Inc. go to 32.35%.
An analysis of insider ownership at CarGurus Inc. [CARG]
There are presently around $2,427 million, or 96.00% of CARG stock, in the hands of institutional investors. The top three institutional holders of CARG stocks are: HMI CAPITAL, LLC with ownership of 7,400,000, which is approximately 39.229% of the company’s market cap and around 3.20% of the total institutional ownership; MANUFACTURERS LIFE INSURANCE COMPANY, THE, holding 7,235,895 shares of the stock with an approximate value of $198.19 million in CARG stocks shares; and VANGUARD GROUP INC, currently with $197.49 million in CARG stock with ownership of nearly 2.458% of the company’s market capitalization.
89 institutional holders increased their position in CarGurus Inc. [NASDAQ:CARG] by around 21,917,726 shares. Additionally, 116 investors decreased positions by around 26,164,787 shares, while 21 investors held positions by with 40,529,824 shares. The mentioned changes placed institutional holdings at 88,612,337 shares, according to the latest SEC report filing. CARG stock had 28 new institutional investments in for a total of 10,224,716 shares, while 57 institutional investors sold positions of 3,267,060 shares during the same period.