CarGurus Inc (NASDAQ: CARG) is -2.90% lower on its value in year-to-date trading and has touched a low of $15.34 and a high of $24.64 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CARG stock was last observed hovering at around $22.47 in the last trading session, with the day’s gains setting it 0.99%.
Currently trading at $23.46, the stock is 2.49% and 1.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing 4.41% at the moment leaves the stock 12.27% off its SMA200. CARG registered 31.72% gain for a year compared to 6-month gain of 32.99%. The firm has a 50-day simple moving average (SMA 50) of $2.63 and a 200-day simple moving average (SMA200) of $29.65.
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The stock witnessed a -0.55% loss in the last 1 month and extending the period to 3 months gives it a -0.34%, and is 2.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.17% over the week and 3.24% over the month.
CarGurus Inc (CARG) has around 1343 employees, a market worth around $2.52B and $914.24M in sales. Current P/E ratio is 88.96 and Fwd P/E is 15.44. Profit margin for the company is 3.40%. Distance from 52-week low is 52.93% and -4.79% from its 52-week high. The company has generated returns on investments over the last 12 months (3.89%).
CarGurus Inc quarterly earnings per share for the current quarter are estimated at $0.28 with sales reaching $216.81M over the same period.The EPS is expected to grow by 5.82% this year, but quarterly earnings will post -0.10% year-over-year. Quarterly sales are estimated to shrink -6.50% in year-over-year returns.
CarGurus Inc (CARG) Top Institutional Holders
343 institutions hold shares in CarGurus Inc (CARG), with institutional investors hold 105.70% of the company’s shares. The shares outstanding are 92.18M, and float is at 84.65M with Short Float at 9.48%. Institutions hold 102.81% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 14.82 million shares valued at $335.47 million. The investor’s holdings represent 92.66% of the CARG Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 10.26 million shares valued at $232.17 million to account for 64.12% of the shares outstanding. The other top investors are Dragoneer Investment Group, LLC which holds 9.28 million shares representing 58.03% and valued at over $210.09 million, while ArrowMark Colorado Holdings LLC holds 57.07% of the shares totaling 9.13 million with a market value of $206.64 million.
CarGurus Inc (CARG) Insider Activity
The most recent transaction is an insider sale by Zamora Javier Esquivel,the company’sGeneral Counsel and Secretary. SEC filings show that Zamora Javier Esquivel sold 23,557 shares of the company’s common stock on Feb 29 ’24 at a price of $22.13 per share for a total of $0.52 million. Following the sale, the insider now owns 0.11 million shares.
CarGurus Inc disclosed in a document filed with the SEC on Feb 29 ’24 that Eldridge Andrea Lee (Chief People Officer) sold a total of 22,358 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $22.13 per share for $0.49 million. Following the transaction, the insider now directly holds 0.12 million shares of the CARG stock.
Still, SEC filings show that on Feb 29 ’24, Zales Samuel (COO and President) disposed off 17,668 shares at an average price of $22.22 for $0.39 million. The insider now directly holds 564,609 shares of CarGurus Inc (CARG).
