How to buy CarGurus shares | $24.285

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CarGurus, Inc (CARG) is a leading internet content and information business based in the US. It opened the day at $24.43 after a previous close of $24.51. During the day the price has varied from a low of $24.145 to a high of $24.69. The latest price was $24.285 (25 minute delay). CarGurus is listed on the NASDAQ and employs 827 staff. All prices are listed in US Dollars.

How has coronavirus impacted CarGurus's share price?

Since the stock market crash that started in February 2020, CarGurus's share price has had significant positive movement.

Its last market close was $28.22, which is 2.20% up on its pre-crash value of $27.6 and 98.04% up on the lowest point reached during the March 2020 crash when the shares fell as low as $14.25.

If you had bought $1,000 worth of CarGurus shares at the start of February 2020, those shares would have been worth $450.79 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $788.18.

CarGurus share price

Use our graph to track the performance of CARG stocks over time.

CarGurus shares at a glance

Information last updated 2021-06-18.
Open$24.43
High$24.69
Low$24.145
Close$24.285
Previous close$24.51
Change $-0.225
Change % -0.918%
Volume 395,064
Information last updated 2021-06-17.
52-week range$19.242 - $36.54
50-day moving average $26.4684
200-day moving average $27.8953
Wall St. target price$34.33
PE ratio 32.3158
Dividend yield N/A (0%)
Earnings per share (TTM) $0.76
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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

Is it a good time to buy CarGurus stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

CarGurus price performance over time

Historical closes compared with the last close of $24.285

1 week (2021-06-08) -4.65%
1 month (2021-05-18) -14.43%
3 months (2021-03-18) -2.47%
6 months (2020-12-18) -28.76%
1 year (2020-06-18) -9.69%
2 years (2019-06-18) -33.94%
3 years (2018-06-18) -32.07%

Is CarGurus under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value.

P/E ratio

CarGurus's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 32x. In other words, CarGurus shares trade at around 32x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

However, CarGurus's P/E ratio is best considered in relation to those of others within the internet content & information industry or those of similar companies.

    PEG ratio

    CarGurus's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.9. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.

    The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into CarGurus's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

    However, it's sensible to consider CarGurus's PEG ratio in relation to those of similar companies.

    • Cars-com (CARS.US): 1.22

    EBITDA

    CarGurus's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $134.7 million.

    The EBITDA is a measure of a CarGurus's overall financial performance and is widely used to measure a its profitability.

    To put that into context you can compare it against similar companies.

    • Carvana (CVNA.US): USD$-201811008
    • Cars-com (CARS.US): USD$150.6 million

    Financials

    Revenue TTM $565.1 million
    Operating margin TTM 21.12%
    Gross profit TTM $509.7 million
    Return on assets TTM 13.25%
    Return on equity TTM 20.05%
    Profit margin 15.43%
    Book value $4.351
    Market capitalisation $2.9 billion

    TTM: trailing 12 months

    How to short and sell CarGurus shares

    1. Create a CFD or spread betting account.
    2. Search for the stock code. E.g. "CARG.US"
    3. Choose your position size.
    4. Select "sell" rather than "buy".
    5. Confirm your position and keep tabs on it. You may wish to set limits on your position.

    There are currently 10.5 million CarGurus shares held short by investors – that's known as the "short interest". This figure is 9.3% down from 11.5 million last month.

    There are a few different ways that this level of interest in shorting CarGurus shares can be evaluated.

    Short interest ratio (SIR)

    CarGurus's "short interest ratio" (SIR) is the quantity of CarGurus shares currently shorted divided by the average quantity of CarGurus shares traded daily (recently around 1.5 million). CarGurus's SIR currently stands at 6.8. In other words for every 100,000 CarGurus shares traded daily on the market, roughly 6800 shares are currently held short.

    To gain some more context, you can compare CarGurus's short interest ratio against those of similar companies.

    • Carvana (CVNA.US): 8.77
    • Vroom (VRM.US): 4.21
    • Cars-com (CARS.US): 4.38

    However CarGurus's short interest can also be evaluated against the total number of CarGurus shares, or, against the total number of tradable CarGurus shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case CarGurus's short interest could be expressed as 0.09% of the outstanding shares (for every 100,000 CarGurus shares in existence, roughly 90 shares are currently held short) or 0.1209% of the tradable shares (for every 100,000 tradable CarGurus shares, roughly 121 shares are currently held short).

    A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against CarGurus.

    Find out more about how you can short CarGurus stock.

    CarGurus share dividends

    We're not expecting CarGurus to pay a dividend over the next 12 months. Typically it's companies that have been around for longer that pay dividends (CarGurus had its IPO on 12 October 2017). However, you can browse other dividend-paying shares in our guide.

    Share price volatility

    Over the last 12 months, CarGurus's shares have ranged in value from as little as $19.242 up to $36.54. A popular way to gauge a stock's volatility is its "beta".

    CARG.US volatility(beta: 1.91)Avg. volatility(beta: 1.00)LowHigh

    Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while CarGurus's is 1.9068. This would suggest that CarGurus's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

    To put CarGurus's beta into context you can compare it against those of similar companies.

    • Carvana (CVNA.US): 2.3906
    • Cars-com (CARS.US): 2.3616

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