The time has not yet come to remove your chips from the table: CarGurus Inc (CARG)

With 0.88 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.13 million shares. During the session, the Auto & Truck Dealerships company that operates in wider Consumer Cyclical sector, reached to the highest price of $24.98 whereas the lowest price it dropped to was $24.15. The 52-week range on CARG shows that it touched its highest point at $24.76 and its lowest point at $16.70 during that stretch. It currently has a 1-year price target of $26.09. Beta for the stock currently stands at 1.55.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CARG was up-trending over the past week, with a rise of 12.69%, but this was up by 15.61% over a month. Three-month performance surged to 7.59% while six-month performance rose 30.89%. The stock gained 28.99% in the past year, while it has gained 3.31% so far this year. A look at the trailing 12-month EPS for CARG yields 0.32 with Next year EPS estimates of 1.65. For the next quarter, that number is 0.32. This implies an EPS growth rate of 12.25% for this year and 19.26% for next year. EPS is expected to grow by 16.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -13.88%.

Float and Shares Shorts:

At present, 92.18 million CARG shares are outstanding with a float of 81.50 million shares on hand for trading. On 2024-04-30, short shares totaled 6.92 million, which was 659.0 higher than short shares on 1711584000. In addition to Mr. E. Langley Steinert as the firm’s Founder & Executive Chairman, Mr. Jason M. Trevisan serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 1.04425 of CARG’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, CARG reported revenue of $215796000.0 and operating income of $26284000.0. The EBITDA in the recently reported quarter was $33765000.0 and diluted EPS was $0.2.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CARG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.