Analyst Expects CarGurus Inc (NASDAQ: CARG) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed CarGurus Study Reveals Shifting Consumer Preferences as Automotive Landscape Evolves and Costs Remain Elevated.

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Stocks Info

As a NASDAQ listed company, CARG falls under the Consumer Cyclical sector while operating within the Auto & Truck Dealerships industry segment. The current market capitalization of CarGurus Inc is $2.51B. A total of 0.59 million shares were traded on the day, compared to an average of 1.08M shares.

In the most recent transaction, Sarnoff Dafna sold 4,301 shares of CARG for 22.46 per share on Apr 02 ’24. After the transaction, the Chief Marketing Officer now owns 155,617 company shares. In a previous transaction on Apr 01 ’24, Sarnoff Dafna sold 4,301 shares at 23.04 per share. CARG shares that Chief Marketing Officer owns now total 163,798.

Among the insiders who sold shares, Zales Samuel disposed of 17,668 shares on Mar 18 ’24 at a per-share price of $22.56. This resulted in the COO and President holding 564,609 shares of CARG after the transaction. In another insider transaction, Sarnoff Dafna sold 10,573 shares at $22.56 per share on Mar 18 ’24. Company shares held by the Chief Marketing Officer now total 168,099.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, CARG has a high of $24.64 and a low of $15.34.

As of this writing, CARG has an earnings estimate of $0.28 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.35 per share and a lower estimate of $0.24. The company reported an EPS of $0.34 in the last quarter, which was 30.80% higher than expectations of $0.26.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $5.70, while its Total Shareholder’s Equity was $679.65M.

Analysts Opinion

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. 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 4.00.

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