CarGurus Inc (NASDAQ: CARG): Is It A Buying Opportunity Again?

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.

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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. The current market capitalization of CarGurus Inc is $2.51B. A total of 0.61 million shares were traded on the day, compared to an average of 1.09M shares.

In the most recent transaction, Zales Samuel sold 17,668 shares of CARG for 21.42 per share on Apr 16 ’24. After the transaction, the COO and President now owns 548,845 company shares. In a previous transaction on Apr 02 ’24, Sarnoff Dafna sold 4,301 shares at 22.46 per share. CARG shares that Chief Marketing Officer owns now total 155,617.

Among the insiders who sold shares, Sarnoff Dafna disposed of 4,301 shares on Apr 01 ’24 at a per-share price of $23.04. This resulted in the Chief Marketing Officer holding 163,798 shares of CARG after the transaction. In another insider transaction, Zales Samuel sold 17,668 shares at $22.56 per share on Mar 18 ’24. Company shares held by the COO and President now total 564,609.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, CARG has a high of $24.64 and a low of $15.34.

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 $5.70, 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 4.00.

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