Cargurus Stock Intrinsic Value – CarGurus Shares Gap Down to $21.49 Before Trading on Friday
August 8, 2023
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CARGURUS ($NASDAQ:CARG): CarGurus, Inc., an online automotive marketplace, experienced a gap down to $21.49 when it opened for trading on Friday. CarGurus connects buyers and sellers in a convenient and efficient manner, allowing users to quickly search through millions of vehicle listings and compare different prices for similar models. The company has become one of the leading automotive marketplaces in the world with its innovative technology and solutions. Despite the gap down to $21.49 on Friday, CarGurus is still a solid and reliable player in the automotive marketplace.
Share Price
CARGURUS stocks opened at $18.0 on Monday, which marked a 3.8% increase from its prior closing price of 18.1. Throughout the rest of the trading day, the stock continued to rise and closed out the day at $18.8. This is a significant drop for CARGURUS, and analysts are still keeping an eye on the stock to see if a rebound is in sight. CarGurus_Shares_Gap_Down_to_21.49_Before_Trading_on_Friday”>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cargurus. CarGurus_Shares_Gap_Down_to_21.49_Before_Trading_on_Friday”>More…
| Total Revenues | Net Income | Net Margin |
| 1.46k | 272.01 | 11.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cargurus. CarGurus_Shares_Gap_Down_to_21.49_Before_Trading_on_Friday”>More…
| Operations | Investing | Financing |
| 229.39 | 40.58 | -128.96 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cargurus. CarGurus_Shares_Gap_Down_to_21.49_Before_Trading_on_Friday”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.05k | 323.3 | 6.09 |
Key Ratios Snapshot
Some of the financial key ratios for Cargurus are shown below. CarGurus_Shares_Gap_Down_to_21.49_Before_Trading_on_Friday”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 33.6% | 35.1% | 6.6% |
| FCF Margin | ROE | ROA |
| 14.4% | 8.4% | 5.7% |
Analysis – Cargurus Stock Intrinsic Value
At GoodWhale, we have used our insights to analyze the wellbeing of CARGURUS. After conducting a thorough review, we have determined that the fair value of CARGURUS shares is around $41.2, which has been calculated using our proprietary Valuation Line. However, currently CARGURUS stock is being traded at $18.8, which is significantly lower than its fair value – an undervaluation of 54.4%. We believe that this discrepancy presents a lucrative opportunity for investors looking to buy low and sell high, and suggest that prudent investors consider investing in CARGURUS stock. CarGurus_Shares_Gap_Down_to_21.49_Before_Trading_on_Friday”>More…
Peers
In the online automotive marketplace, CarGurus Inc competes with Liberty TripAdvisor Holdings Inc, Points.com Inc, and Camplify Holdings Ltd. CarGurus Inc is an online automotive marketplace connecting car buyers and sellers. Liberty TripAdvisor Holdings Inc is a online travel company that offers a search engine for vacation rentals. Points.com Inc is a provider of loyalty programs. Camplify Holdings Ltd is an online marketplace for RV rentals and campgrounds.
– Liberty TripAdvisor Holdings Inc ($NASDAQ:LTRPA)
Liberty TripAdvisor Holdings Inc is a online travel company. The company operates through two segments, Vacation Packages and Cruises. It offers a portfolio of travel products and services through its websites. The company was founded in 2008 and is headquartered in Denver, Colorado.
Summary
Investing in CarGurus has been a volatile ride for investors, with its stock price making a large gap down to $21.49 on Friday before trading for the day began. However, it then saw a positive move and closed higher than its opening price for the day. Analysts are split on the stock, as some believe it is undervalued while others think it is overvalued. It is important for investors to do their own research before deciding to invest in CarGurus.
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