A number of other equities research analysts also recently weighed in on CarGurus. Zacks Investment Research downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research report on November 7th. TheStreet raised CarGurus from a “d+” rating to a “c-” rating in a research report on November 7th. Royal Bank of Canada cut their price target on CarGurus to $50.00 and set an “outperform” rating on the stock in a report on November 6th. Finally, Needham & Company LLC assumed coverage on CarGurus in a research note on September 12th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.58.
Shares of CarGurus opened at $36.06 recently. The business has a 50 day moving average price of $38.16 and a two-hundred day moving average price of $34.94. The firm has a market cap of $4.10 billion, a PE ratio of 63.26, a price-to-earnings-growth ratio of 2.64 and a beta of 1.96. CarGurus has a fifty-two week low of $28.65 and a fifty-two week high of $45.25. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 0.24.
CarGurus last announced its quarterly earnings data on November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.10. CarGurus had a return on equity of 18.30% and a net margin of 7.44%. The firm had revenue of $150.50 million for the quarter, compared to analysts’ expectations of $147.99 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. CarGurus’s revenue for the quarter was up 26.4% compared to the same quarter last year. On average, analysts anticipate that CarGurus will post 0.35 earnings per share for the current year.
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