At the time of writing, CarGurus Inc [CARG] stock is trading at $31.88, down -0.96%. An important factor to consider is whether the stock is rising or falling in short-term value. The CARG shares have gain 3.10% over the last week, with a monthly amount drifted -21.38%, and not 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 $31.88 at the most recent close of the market. An investor can expect a potential return of 17.63% based on the average CARG price forecast.
Analyzing the CARG fundamentals
According to CarGurus Inc [NASDAQ:CARG], the company’s sales were 894.38M for trailing twelve months, which represents an 2.43% jump. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.04 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.36.
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 31.42 points at the first support level, and at 30.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.67, and for the 2nd resistance point, it is at 33.47.
Ratios To Look Out For
It is important to note that CarGurus Inc [NASDAQ:CARG] has a current ratio of 4.07. On the other hand, the Quick Ratio is 4.07, and the Cash Ratio is 3.27. Considering the valuation of this stock, the price to sales ratio is 3.72, the price to book ratio is 6.12 and price to earnings (TTM) ratio is 176.33.
Transactions by insiders
Recent insider trading involved Sarnoff Dafna, Officer, that happened on Mar 03 ’25 when 1759.0 shares were purchased. Executive Chair, Steinert Langley completed a deal on Feb 27 ’25 to sell 7643.0 shares. Meanwhile, Executive Chair Steinert Langley sold 865.0 shares on Feb 27 ’25.
