At the time of writing, CarGurus Inc [CARG] stock is trading at $35.64, down -0.70%. 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 2.38% over the last week, with a monthly amount glided 13.32%, 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 $18.90 and $37.94. Currently, Wall Street analysts expect the stock to reach $29.25 within the next 12 months. CarGurus Inc [NASDAQ: CARG] shares were valued at $35.64 at the most recent close of the market. An investor can expect a potential drop of -17.93% based on the average CARG price forecast.
Analyzing the CARG fundamentals
According to CarGurus Inc [NASDAQ:CARG], the company’s sales were 888.97M for trailing twelve months, which represents an 5.44% jump. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at -0.05%, 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 -0.08 and Total Capital is 0.1.
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 35.34 points at the first support level, and at 35.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.97, and for the 2nd resistance point, it is at 36.30.
Ratios To Look Out For
It is important to note that CarGurus Inc [NASDAQ:CARG] has a current ratio of 2.85. Further, the Quick Ratio stands at 2.84, while the Cash Ratio is 2.23. Considering the valuation of this stock, the price to sales ratio is 4.13, the price to book ratio is 7.62.
Transactions by insiders
Recent insider trading involved Zales Samuel, COO and President, that happened on Nov 11 ’24 when 0.12 million shares were sold. COO and President, Zales Samuel completed a deal on Nov 08 ’24 to sell 15807.0 shares. Meanwhile, Officer Zales Samuel bought 0.12 million shares on Nov 11 ’24.
