At the time of writing, CarGurus Inc [CARG] stock is trading at $32.04, up 1.20%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CARG shares have gain 1.88% over the last week, with a monthly amount glided 7.55%, 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 $31.94. Currently, Wall Street analysts expect the stock to reach $28.06 within the next 12 months. CarGurus Inc [NASDAQ: CARG] shares were valued at $32.04 at the most recent close of the market. An investor can expect a potential drop of -12.42% based on the average CARG price forecast.
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 31.65 points at the first support level, and at 31.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.40, and for the 2nd resistance point, it is at 32.75.
Ratios To Look Out For
It is important to note that CarGurus Inc [NASDAQ:CARG] has a current ratio of 2.47. Also, the Quick Ratio is 2.47, while the Cash Ratio stands at 1.95. Considering the valuation of this stock, the price to sales ratio is 3.78, the price to book ratio is 7.30.
Transactions by insiders
Recent insider trading involved Zales Samuel, COO and President, that happened on Oct 16 ’24 when 25168.0 shares were sold. Officer, Zales Samuel completed a deal on Oct 16 ’24 to buy 25168.0 shares. Meanwhile, Chief Marketing Officer Sarnoff Dafna sold 5264.0 shares on Oct 02 ’24.
