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Wednesday, December 6, 2023

It’s Not Over Yet For CarGurus Inc (NASDAQ: CARG)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for CarGurus Inc (CARG) shows that investor sentiment remained same, with the stock’s consolidated last price to $20.63. The CarGurus Inc has recorded 172,622 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that CarGurus to Present at Upcoming Conferences.

Stocks Info

CarGurus Inc is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Auto & Truck Dealerships industry. At the end of the last regular session, the stock closed at $20.63 and fluctuated between $20.73 as its day high and $19.94 as its day low. The current market capitalization of CarGurus Inc is $2.32B. A total of 1.26 million shares were traded on the day, compared to an average of 967.76K shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CARG has seen 0 BUY and 9 SELL insider trades, representing the acquisition of 0 and the disposition of 64,636 shares. Over the last 12 months, there were 16 BUYs and 37 SELLs from insiders. Insiders purchased 750,398 shares during that period but sold 241,943.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CARG in the last 3 months, the mean price target is $23.55 with high estimates of $28.00 and low estimates of $15.00. In terms of 52-week highs and lows, CARG has a high of $24.22 and a low of $11.81.

As of this writing, CARG has an earnings estimate of $0.33 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.37 per share and a lower estimate of $0.28. The company reported an EPS of $0.29 in the last quarter, which was 26.10% higher than expectations of $0.23.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CARG’s latest balance sheet shows that the firm has $321.94M in Cash & Short Term Investments as of fiscal 2021. There were $70.70M in debt and $170.71M in liabilities at the time. Its Book Value Per Share was $6.35, while its Total Shareholder’s Equity was $679.65M.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.92.

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