CarGurus Inc (NASDAQ: CARG) is 3.04% higher on its value in year-to-date trading and has touched a low of $21.18 and a high of $39.10 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 $37.25 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $37.65, the stock is 3.15% and 3.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing 1.07% at the moment leaves the stock 30.65% off its SMA200. CARG registered 64.77% gain for a year compared to 6-month gain of 43.05%. The firm has a 50-day simple moving average (SMA 50) of $36.2882 and a 200-day simple moving average (SMA200) of $28.74385.
The stock witnessed a -0.05% loss in the last 1 month and extending the period to 3 months gives it a 19.71%, and is 1.46% 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 3.56% over the week and 3.12% over the month.
CarGurus Inc (CARG) has around 1343 employees, a market worth around $3.90B and $888.97M in sales. Fwd P/E is 19.58. Profit margin for the company is -5.47%. Distance from 52-week low is 77.76% and -3.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.35%).
with sales reaching $231.57M over the same period.The EPS is expected to grow by 39.96% this year, but quarterly earnings will post -1.88% year-over-year. Quarterly sales are estimated to grow 3.79% in year-over-year returns.
386.0 institutions hold shares in CarGurus Inc (CARG), with institutional investors hold 98.00% of the company’s shares. The shares outstanding are 87.58M, and float is at 83.28M with Short Float at 6.78%. Institutions hold 96.22% 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 9,857 shares of the company’s common stock on Jan 02 ’25 at a price of $36.62 per share for a total of $0.36 million. Following the sale, the insider now owns 0.43 million shares.
CarGurus Inc disclosed in a document filed with the SEC on Jan 03 ’25 that Sarnoff Dafna (Chief Marketing Officer) sold a total of 10,570 shares of the company’s common stock. The trade occurred on Jan 03 ’25 and was made at $35.78 per share for $0.38 million. Following the transaction, the insider now directly holds 95261.0 shares of the CARG stock.
Still, SEC filings show that on Jan 03 ’25, Quinn Matthew Todd (Chief Technology Officer) disposed off 4,678 shares at an average price of $35.78 for $0.17 million. The insider now directly holds 195,795 shares of CarGurus Inc (CARG).
