With 1.45 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.65 million shares. The 52-week range on CAR shows that it touched its highest point at $132.25 and its lowest point at $65.73 during that stretch. It currently has a 1-year price target of $113.50. Beta for the stock currently stands at 2.09.
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 CAR was down-trending over the past week, with a drop of -8.52%, but this was down by -14.89% over a month. Three-month performance dropped to -29.86% while six-month performance fell -7.62%. The stock lost -29.34% in the past year, while it has lost -5.30% so far this year. A look at the trailing 12-month EPS for CAR yields -51.80 with Next year EPS estimates of 15.04. For the next quarter, that number is -5.54. This implies an EPS growth rate of -61.87% for this year and 68.99% for next year.
Float and Shares Shorts:
At present, 35.00 million CAR shares are outstanding with a float of 33.98 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CAR since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $6.48228 being high and $2.66519 being low. For CAR, this leads to a yearly average estimate of $4.16718. Based on analyst estimates, the high estimate for the next quarter is $2.91 and the low estimate is $0.75. The average estimate for the next quarter is thus $2.11.
Summary of Insider Activity:
Insiders traded CAR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
