At the time of writing, CarGurus Inc [CARG] stock is trading at $40.12, up 2.11%. 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 2.79% over the last week, with a monthly amount glided 11.79%, 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 January 16, 2025, when Needham reiterated its Buy rating and also boosted its price target to $45 from $39. Previously, JMP Securities upgraded its rating to Mkt Outperform on June 07, 2024, and kept the price target unchanged to $30. On February 27, 2024, Needham reiterated its Buy rating and revised its price target to $24 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $21 on September 15, 2023. B. Riley Securities initiated its recommendation with a Buy and recommended $28 as its price target on July 20, 2023. JP Morgan started tracking with a Overweight rating for this stock on June 27, 2023, and assigned it a price target of $29. In a note dated February 16, 2023, Piper Sandler downgraded an Underweight rating on this stock but restated the target price of $12.
For the past year, the stock price of CarGurus Inc fluctuated between $21.18 and $41.33. Currently, Wall Street analysts expect the stock to reach $37.5 within the next 12 months. CarGurus Inc [NASDAQ: CARG] shares were valued at $40.12 at the most recent close of the market. An investor can expect a potential drop of -6.53% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.39.
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 39.52 points at the first support level, and at 38.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.54, and for the 2nd resistance point, it is at 40.96.
Ratios To Look Out For
It is important to note that CarGurus Inc [NASDAQ:CARG] has a current ratio of 2.85. Also, the Quick Ratio is 2.84, while the Cash Ratio stands at 2.23. Considering the valuation of this stock, the price to sales ratio is 4.68, the price to book ratio is 8.58.
Transactions by insiders
Recent insider trading involved Zales Samuel, COO and President, that happened on Feb 03 ’25 when 20000.0 shares were sold. Officer, Zales Samuel completed a deal on Feb 03 ’25 to buy 20000.0 shares. Meanwhile, Executive Chair Steinert Langley sold 49520.0 shares on Jan 23 ’25.
