Is CarGurus Inc. (NASDAQ: CARG) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for CarGurus Inc. (CARG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.08, or -0.52%, to $15.22. Volume reached 29,594 shares, with price reaching a high of $15.22 and a low of $15.22. The stock was recently discussed on Yahoo Finance as it revealed that CarGurus to Present at Truist Securities Internet Growth Summit.

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Stocks Info

CarGurus Inc. is listed on the NASDAQ in the Communication Services sector while operating in the Internet Content & Information industry. At the end of the last regular session, the stock closed at $15.22 and fluctuated between $15.89 as its day high and $15.15 as its day low. The current market capitalization of CarGurus Inc. is $1.84B. A total of 1.86 million shares were traded on the day, compared to an average of 1.13M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CARG has seen 4 BUY and 10 SELL insider trades, representing the acquisition of 89,582 and the disposition of 63,376 shares. Over the last 12 months, there were 31 BUYs and 210 SELLs from insiders. Insiders purchased 995,603 shares during that period but sold 1,644,125.

In the most recent transaction, Zales Samuel sold 17,707 shares of CARG for 25.02 per share on Jul 21. After the transaction, the COO and President now owns 392,587 company shares. In a previous transaction on Jul 20, Zales Samuel sold 2,293 shares at 25.01 per share. CARG shares that COO and President owns now total 392,587.

Among the insiders who sold shares, Zales Samuel disposed of 9,039 shares on May 17 at a per-share price of $25.25. This resulted in the COO and President holding 403,403 shares of CARG after the transaction. In another insider transaction, Zales Samuel sold 961 shares at $25.20 per share on May 16. Company shares held by the COO and President now total 403,403.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CARG in the last 3 months, the mean price target is $29.40 with high estimates of $38.00 and low estimates of $21.00. In terms of 52-week highs and lows, CARG has a high of $50.03 and a low of $15.10.

As of this writing, CARG has an earnings estimate of $0.04 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.08 per share and a lower estimate of $0.01. The company reported an EPS of $0.15 in the last quarter, which was 36.36% higher than expectations of $0.11.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CARG is Hold with a score of 4.42. A total of 9 analysts rated the stock as Buy while 1 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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