CarGurus Inc (NASDAQ: CARG) is -15.76% lower on its value in year-to-date trading and has touched a low of $21.18 and a high of $41.33 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 $30.14 in the last trading session, with the day’s gains setting it 0.64%.
Currently trading at $30.78, the stock is -6.22% and -14.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.6 million and changing 2.12% at the moment leaves the stock -1.81% off its SMA200. CARG registered 33.88% gain for a year compared to 6-month gain of 12.58%. The firm has a 50-day simple moving average (SMA 50) of $36.0994 and a 200-day simple moving average (SMA200) of $31.34765.
The stock witnessed a -21.66% loss in the last 1 month and extending the period to 3 months gives it a -19.23%, and is -2.75% down 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 3.87% over the week and 4.38% over the month.
CarGurus Inc (CARG) has around 1282 employees, a market worth around $3.21B and $894.38M in sales. Current P/E ratio is 170.24 and Fwd P/E is 13.98. Profit margin for the company is 2.34%. Distance from 52-week low is 45.33% and -25.53% from its 52-week high. The company has generated returns on investments over the last 12 months (2.89%).
with sales reaching $226.72M over the same period.The EPS is expected to grow by 11.14% this year, but quarterly earnings will post 5.84% year-over-year. Quarterly sales are estimated to grow 5.06% in year-over-year returns.
CarGurus Inc (CARG) Top Institutional Holders
430.0 institutions hold shares in CarGurus Inc (CARG), with institutional investors hold 99.55% of the company’s shares. The shares outstanding are 89.00M, and float is at 84.86M with Short Float at 6.48%. Institutions hold 97.17% 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 7.8263% 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 Palazzo Elisa, the company’s CFO and Treasurer. SEC filings show that Palazzo Elisa sold 3,973 shares of the company’s common stock on Mar 06 ’25 at a price of $31.93 per share for a total of $0.13 million. Following the sale, the insider now owns 78851.0 shares.
Still, SEC filings show that on Mar 03 ’25, Sarnoff Dafna (Chief Marketing Officer) disposed off 1,759 shares at an average price of $32.15 for $56552.0. The insider now directly holds 92,509 shares of CarGurus Inc (CARG).
