CarGurus Inc [CARG] stock is trading at $37.87, up 0.13%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CARG shares have gain 6.32% over the last week, with a monthly amount glided 22.08%, and seem to be holding up well over a long-time horizon.
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.
CarGurus Inc [CARG] stock has fluctuated between $21.02 and $38.15 over the past year. Currently, Wall Street analysts expect the stock to reach $29.25 within the next 12 months. CarGurus Inc [NASDAQ: CARG] shares were valued at $37.87 at the most recent close of the market. An investor can expect a potential drop of -22.76% based on the average CARG price forecast.
Analyzing the CARG fundamentals
CarGurus Inc [NASDAQ:CARG] reported sales of 888.97M for the trailing twelve months, which represents a growth of 5.44%. 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 37.43 points at the first support level, and at 36.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.16, and for the 2nd resistance point, it is at 38.45.
Ratios To Look Out For
For context, CarGurus Inc’s Current Ratio is 2.85. In addition, the Quick Ratio stands at 2.84 and the Cash Ratio stands at 2.23. Considering the valuation of this stock, the price to sales ratio is 4.44, the price to book ratio is 8.09.
Transactions by insiders
Recent insider trading involved Sarnoff Dafna, Officer, that happened on Dec 02 ’24 when 2693.0 shares were purchased. Officer, Zales Samuel completed a deal on Dec 02 ’24 to buy 17666.0 shares. Meanwhile, COO and President Zales Samuel sold 25168.0 shares on Nov 18 ’24.
