With 0.86 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.28 million shares. The 52-week range on CARG shows that it touched its highest point at $41.33 and its lowest point at $21.65 during that stretch. It currently has a 1-year price target of $38.62. Beta for the stock currently stands at 1.43.
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 1.39%, but this was up by 10.05% over a month. Three-month performance dropped to -28.41% while six-month performance fell -8.99%. The stock gained 24.62% in the past year, while it has lost -22.41% so far this year. A look at the trailing 12-month EPS for CARG yields 0.18 with Next year EPS estimates of 2.19. For the next quarter, that number is 0.44. This implies an EPS growth rate of 10.71% for this year and 14.89% for next year. EPS is expected to grow by 14.88% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -11.88%.
Float and Shares Shorts:
At present, 89.00 million CARG shares are outstanding with a float of 84.70 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 CARG since 7 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 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 $1.73994 being high and $1.6683 being low. For CARG, this leads to a yearly average estimate of $1.71947.
