CarGurus Inc (NASDAQ: CARG) is 25.62% higher on its value in year-to-date trading and has touched a low of $16.70 and a high of $30.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CARG stock was last observed hovering at around $30.58 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $30.35, the stock is 6.57% and 13.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.0 million and changing -0.75% at the moment leaves the stock 24.75% off its SMA200. CARG registered 73.03% gain for a year compared to 6-month gain of 31.90%.
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The stock witnessed a 6.49% loss in the last 1 month and extending the period to 3 months gives it a 20.44%, and is 4.22% 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 2.23% over the week and 2.80% over the month.
CarGurus Inc (CARG) has around 1343 employees, a market worth around $3.14B and $877.03M in sales. Fwd P/E is 16.01. Profit margin for the company is -5.57%. Distance from 52-week low is 81.68% and -2.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.68%).
The EPS is expected to grow by 33.76% this year.
CarGurus Inc (CARG) Top Institutional Holders
360.0 institutions hold shares in CarGurus Inc (CARG), with institutional investors hold 99.60% of the company’s shares. The shares outstanding are 92.18M, and float is at 82.70M with Short Float at 6.98%. Institutions hold 97.95% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 12.66 million shares valued at $331.68 million. The investor’s holdings represent 11.812% of the CARG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 9.3 million shares valued at $243.58 million to account for 8.6745 of the shares outstanding. The other top investors are ARROWMARK COLORADO HOLDINGS LLC which holds 8.13 million shares representing 7.5818% and valued at over $212.9 million, while WELLINGTON MANAGEMENT GROUP LLP holds 6.9589 of the shares totaling 7.46 million with a market value of $195.41 million.
CarGurus Inc (CARG) Insider Activity
The most recent transaction is an insider sale by Zales Samuel, the company’s COO and President. SEC filings show that Zales Samuel sold 25,168 shares of the company’s common stock on Sep 16 ’24 at a price of $28.88 per share for a total of $0.73 million. Following the sale, the insider now owns 0.46 million shares.
Still, SEC filings show that on Sep 03 ’24, Sarnoff Dafna (Chief Marketing Officer) disposed off 3,107 shares at an average price of $28.42 for $88301.0. The insider now directly holds 128,952 shares of CarGurus Inc (CARG).
