CarGurus Inc. [CARG] is -34.05% lower this YTD. Is it still time to buy?

CarGurus Inc. [NASDAQ: CARG] jumped around 0.04 points on Tuesday, while shares priced at $23.20 at the close of the session, up 0.17%. The company report on August 25, 2020 that CarGurus Announces Global Lending Services as New Lending Partner to Its Financing Platform.

CarGurus (Nasdaq: CARG), a leading online automotive marketplace, today announced that Global Lending Services (GLS) has joined its multi-lender financing platform that allows eligible consumers to get pre-qualified for auto loans from the CarGurus website. CarGurus launched its online financing capability last year through a partnership with Capital One, and has since added Westlake Financial Services and now GLS as additional auto loan lenders to its financing program.

“As a trusted automotive shopping leader to both consumers and dealers, CarGurus is thrilled to welcome GLS as the latest lender to our financing platform,” said Tom Caputo, Chief Product Officer at CarGurus. “Adding GLS is a win for shoppers that will see a wider selection of rates to choose from and a win for dealerships that will have better-informed, ready-to-buy shoppers coming to their locations. Financing is an often forgotten, yet crucial step in the online car shopping journey, and creating a marketplace of lenders for online auto financing will help consumers conduct this research earlier in the process and ultimately come to dealerships better prepared to buy a vehicle.”.

CarGurus Inc. stock is now -34.05% down from its year-to-date (YTD) trading value. CARG Stock saw the intraday high of $23.71 and lowest of $22.06 per share. The company’s 52-week high price is 40.91, which means current price is +62.81% above from all time high which was touched on 01/21/20.

Compared to the average trading volume of 1.36M shares, CARG reached a trading volume of 1307543 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $34.90 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 2.30. 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.

BTIG Research have made an estimate for CarGurus Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 07, 2020. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Neutral. The new note on the price target was released on July 28, 2020, representing the official price target for CarGurus Inc. stock. Previously, the target price had yet another raise to $28, while Citigroup analysts kept a Neutral rating on CARG stock. On April 17, 2020, analysts decreased their price target for CARG shares from 25 to 22.

The Average True Range (ATR) for CarGurus Inc. is set at 1.32, with the Price to Sales ratio for CARG stock in the period of the last 12 months amounting to 4.81. The Price to Book ratio for the last quarter was 8.85, with the Price to Cash per share for the same quarter was set at 1.52. Price to Free Cash Flow for CARG in the course of the last twelve months was 35.45 with Quick ratio for the last quarter at 5.00.

How has CARG stock performed recently?

CarGurus Inc. [CARG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.84. With this latest performance, CARG shares dropped by -22.63% in over the last four-week period, additionally plugging by 8.46% over the last 6 months – not to mention a drop of -31.50% 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 32.23, with the RSI for the last a single of trading hit 26.28, and the three-weeks RSI is set at 38.15 for CarGurus Inc. [CARG]. The present Moving Average for the last 50 days of trading for this stock 26.40, while it was recorded at 23.92 for the last single week of trading, and 27.66 for the last 200 days.

CarGurus Inc. [CARG]: Deeper insight into the fundamentals

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 5.00 and a Current Ratio set at 5.00.

Earnings analysis for CarGurus Inc. [CARG]

With the latest financial reports released by the company, CarGurus Inc. posted 0.14/share EPS, while the average EPS was predicted by analysts to be reported at 0.09/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 55.60%. 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 40.00%.

Insider trade positions for CarGurus Inc. [CARG]

There are presently around $2,108 million, or 98.10% of CARG stock, in the hands of institutional investors. The top three institutional holders of CARG stocks are: MANUFACTURERS LIFE INSURANCE COMPANY, THE with ownership of 8,121,399, which is approximately 12.238% of the company’s market cap and around 3.30% of the total institutional ownership; VANGUARD GROUP INC, holding 7,735,746 shares of the stock with an approximate value of $179.47 million in CARG stocks shares; and DURABLE CAPITAL PARTNERS LP, currently with $154.14 million in CARG stock with ownership of nearly 144.784% of the company’s market capitalization.

Positions in CarGurus Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 122 institutional holders increased their position in CarGurus Inc. [NASDAQ:CARG] by around 23,539,923 shares. Additionally, 82 investors decreased positions by around 20,819,479 shares, while 19 investors held positions by with 46,518,706 shares. The mentioned changes placed institutional holdings at 90,878,108 shares, according to the latest SEC report filing. CARG stock had 54 new institutional investments in for a total of 6,255,485 shares, while 31 institutional investors sold positions of 9,860,411 shares during the same period.

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