Currently, there are 92.18M common shares owned by the public and among those 89.08M shares have been available to trade.
Insiders at the company have transacted a total of 35 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 5 of these insider trades were purchases, accounting for 38,517 shares. Insider sales of the common stock occurred on 30 occasions, with total insider shares sold totaling 185,368 shares.
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The company’s stock has a 5-day price change of 2.44% and 10.32% over the past three months. CARG shares are trading -2.65% year to date (YTD), with the 12-month market performance up to 38.19% higher. It has a 12-month low price of $15.34 and touched a high of $24.64 over the same period. CARG has an average intraday trading volume of 831.60K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.07%, 0.28%, and 13.94% respectively.
Institutional ownership of CarGurus Inc (NASDAQ: CARG) shares accounts for 79.85% of the company’s 92.18M shares outstanding.
It has a market capitalization of $2.64B and a beta (3y monthly) value of 1.60. The stock’s trailing 12-month PE ratio is 89.19, while the earnings-per-share (ttm) stands at $0.26. The company has a PEG of 6.86 and a Quick Ratio of 3.30 with the debt-to-equity ratio at 0.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.60% over the week and 2.73% over the month.
Earnings per share for the fiscal year are expected to increase by 4.44%, and 18.18% over the next financial year. EPS should grow at an annualized rate of 13.00% over the next five years, compared to -13.88% over the past 5-year period.
Looking at the support for the CARG, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on Feb-28-24, with the firm’s price target at $22-$24. UBS coverage for the CarGurus Inc (CARG) stock in a research note released on September 15, 2023 offered a Neutral rating with a price target of $21. B. Riley Securities was of a view on July 20, 2023 that the stock is Buy, while JP Morgan gave the stock Overweight rating on June 27, 2023, issuing a price target of $29. Piper Sandler on their part issued Underweight rating on February 16, 2023.
