There is no shortage of investors who are bullish on CarGurus Inc. (CARG) stock

As of right now, CarGurus Inc. [CARG] is trading at $14.90, climbing down -2.10%. An important factor to consider is whether the stock is rising or falling in short-term value. The CARG shares have lost -10.08% over the last week, with a monthly amount drifted -20.53%, and not seem to be holding up well over a long-time horizon.

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Sponsored

On 6, September 2022, CarGurus to Present at Truist Securities Internet Growth Summit. In a post published today on Yahoo Finance, CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, today announced that Jason Trevisan, Chief Executive Officer, is scheduled to virtually present at the Truist Securities Internet Growth Summit on Monday, September 12th at 2:00 PM ET.

From an analyst’s perspective:

Previously, BTIG Research reaffirmed its Buy rating on June 21, 2022, and dropped its price target to $33. On February 02, 2022, Northcoast initiated with a Buy rating and assigned a price target of $43 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $45 on January 07, 2022. RBC Capital Mkts upgraded its rating to a Outperform and raised its price target to $40 on August 26, 2021. Needham upgraded its rating to Buy for this stock on August 12, 2021, but kept the price target unchanged to $38. In a note dated August 12, 2021, Needham upgraded an Buy rating on this stock.

Through the last year, CarGurus Inc.’s stock price ranged from $15.10 to $50.03. Currently, Wall Street analysts expect the stock to reach $29.40 within the next 12 months. CarGurus Inc. [NASDAQ: CARG] shares were valued at $14.90 at the most recent close of the market. An investor can expect a potential return of 97.32% based on the average price forecast.

Analyzing the CARG fundamentals

For Apple Inc, (CARG), the latest quarter sales were 511.23 billion, which represents an 134.80% increase. Gross Margin for this corporation currently stands at +67.65% with Operating Margin at +15.73%, Pretax Margin comes in at +15.70%, and Net Margin reading is -0.02%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.59 points at the first support level, and at 14.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.25, and for the 2nd resistance point, it is at 15.59.

CarGurus Inc. [CARG] reported earnings per share of $0.32 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.31/share, meaning a difference of $0.01 and a surprise factor of 3.20%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.36 per share as compared to estimates of $0.35 per share, a difference of $0.01 representing a surprise of 2.90%.

Ratios To Look Out For

It is important to note that CarGurus Inc. [NASDAQ:CARG] has a current ratio of 3.60. On the other hand, the Quick Ratio is 3.13, and the Cash Ratio is 1.93. Considering the valuation of this stock, the price to sales ratio is 4.14, the price to book ratio is 7.67.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 4 insider purchases totaling 89,582 shares and 10 insider sales totaling 63,376 shares over the past 3 months. Recent insider trading involved Zales Samuel, COO and President, that happened on Jul 21 when 17707.0 shares were sold. COO and President, Zales Samuel completed a deal on Jul 20 to sell 2293.0 shares. Meanwhile, COO and President Zales Samuel sold 9039.0 shares on May 17.