At the time of writing, CarGurus Inc [CARG] stock is trading at $26.94, up 20.27%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CARG shares have gain 15.47% over the last week, with a monthly amount glided 5.69%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
CarGurus Inc [NASDAQ: CARG] stock has seen the most recent analyst activity on June 07, 2024, when JMP Securities upgraded its rating to a Mkt Outperform but kept the price target unchanged to $30 for it. Previously, Needham reaffirmed its Buy rating on February 27, 2024, and elevated its price target to $24. On September 15, 2023, UBS initiated with a Neutral rating and assigned a price target of $21 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $28 on July 20, 2023. JP Morgan initiated its recommendation with a Overweight and recommended $29 as its price target on June 27, 2023. Piper Sandler downgraded its rating to Underweight for this stock on February 16, 2023, but kept the price target unchanged to $12.
For the past year, the stock price of CarGurus Inc fluctuated between $16.70 and $26.90. Currently, Wall Street analysts expect the stock to reach $26.94 within the next 12 months. CarGurus Inc [NASDAQ: CARG] shares were valued at $26.94 at the most recent close of the market.
Analyzing the CARG fundamentals
According to CarGurus Inc [NASDAQ:CARG], the company’s sales were 877.03M for trailing twelve months, which represents an -8.78% plunge. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.07 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.43.
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 25.48 points at the first support level, and at 24.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.70, and for the 2nd resistance point, it is at 28.46.
Ratios To Look Out For
It is important to note that CarGurus Inc [NASDAQ:CARG] has a current ratio of 2.47. Further, the Quick Ratio stands at 2.47, while the Cash Ratio is 1.95. Considering the valuation of this stock, the price to sales ratio is 3.20, the price to book ratio is 6.14.
Transactions by insiders
Recent insider trading involved Zamora Javier Esquivel, Officer, that happened on Aug 09 ’24 when 2746.0 shares were purchased. COO and President, Zales Samuel completed a deal on Jul 16 ’24 to sell 25168.0 shares. Meanwhile, Chief Technology Officer Quinn Matthew Todd sold 3978.0 shares on Jul 02 ’24.
