How to Buy Cargurus Stock
Cargurus Inc
CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally.
Cargurus stock last closed at $21.54, up 1.51% from the previous day, and has increased 23.79% in one year. It has overperformed other stocks in the Auto & Truck Dealerships industry by 0.99 percentage points. Cargurus stock is currently +40.42% from its 52-week low of $15.34, and -12.58% from its 52-week high of $24.64.
As of Apr 18, 2024, there are 107.44M CARG shares outstanding. The market value of CARG is $2.31B. In the last 24 hours, 594,677 CARG shares were traded.
How to Buy Cargurus Stock
Not sure how to invest in Cargurus stock? Here's how.
- Decide where to buy Cargurus stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you determine where to buy Cargurus stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Pick your payment method and add your information.
- Evaluate Cargurus stock: The Cargurus ticker symbol is CARG. Is Cargurus stock a good investment? Should you buy shares of CARG? How do CARG's underlying business fundamentals look? Do top analysts think Cargurus is a good buy? Why has CARG's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if CARG is a good stock to buy).
- Place your CARG buy order: Decide if you will purchase CARG shares at the current market price or use a limit order to buy CARG shares at a given price.
- Keep an eye on your investment in CARG: Create a watchlist to get live updates on your investment in Cargurus stock.
Step 1: Decide where to buy Cargurus stock
You need an online brokerage account in order to access the NASDAQ market and buy CARG shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, you need to fill out some personal info so you are able to invest in CARG stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open your new brokerage account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've created your account on a good online stock trading app, you can securely and quickly fund your account:
Watch the tutorial below for more details depositing money into your new brokerage account.
Step 4: Evaluate Cargurus stock
Once you have selected the best place to buy Cargurus stock, it's crucial to analyze their stock prior to investing, so you truly wrap your head around the risk as well as the upside.
Cargurus Numbers
CARG Due Diligence Checks
WallStreetZen was built to help average investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on CARG's stock page.
How is CARG stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge CARG's true value.
Using relative valuations methods:
- CARG may be overvalued based on its P/E ratio of 79.78x, relative to Auto & Truck Dealerships industry P/E ratio of 11.31x
- CARG may be overvalued based on its P/B ratio of 3.75x, relative to Auto & Truck Dealerships industry P/B ratio of 2.26x
- CARG may be overvalued based on its PEG ratio of 1.26x
You can do additional valuation analysis on CARG's stock here.
CARG Financial Health Overview
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the CARG balance sheet.
- There are more short-term assets than long-term liabilities on the CARG balance sheet.
- CARG earnings of $66.58M is not sufficient to cover its interest payments.
- CARG's operating cash flow of $124.53M allows it to safely service it's debt of $194.39M.
Negative Financial Indicators:
- CARG has a relatively high debt to equity ratio of 0.49.
- Total CARG debt is higher than 5 years ago, relative to shareholder equity.
- CARG profit margin has gone down from 11.7% to 3.4% in the past year.
Is it a good time to buy CARG stock, according to analysts?
Out of 3 Wall Street analysts who give recommendations on CARG, the consensus analyst rating on Cargurus is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Cargurus stock forecast page.
CARG Technical Indicators
CARG Performance Metrics
Last year, CARG earnings were $31.10M. Over the past five year, CARG's earnings have grown by -14.76% per year. This was slower than the Auto & Truck Dealerships industry average of 13.33%.
Last year, CARG revenue was $914.24M. Over the last 5 year, CARG's revenue has gone up by 15.02% per year. This was slower than the Auto & Truck Dealerships industry average of 17.94%.
Learn more about CARG's earnings and revenue performance here.
Latest Insiders Trades at CARG
Over the past year, executives and large shareholders at CARG have sold more shares than they have bought.
Samuel Zales, COO and President of CARG, was the latest CARG insider to sell. They sold $378,448.56 worth of CARG stock on Apr 16, 2024.
Get more info about who owns CARG stock here.
Does CARG provide a stable income stream?
No, Cargurus doesn't provide an income stream by paying out dividends.
What others are saying about CARG
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Step 5: Place your CARG buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, place a limit order.
Hit the Open button and eToro will execute your order.
If you need additional assistance investing in stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your investment in CARG
Now that you own some CARG shares, you'll want to stay up-to-date on your new shares.
Start a watchlist to keep tabs on your CARG stock.
CARG Feed
How to Buy Stock in Cargurus
To reiterate, here are the 6 steps to buy Cargurus stock:
- Decide where to buy Cargurus stock
- Open your brokerage account
- Deposit money your investment account
- Evaluate Cargurus stock
- Place your CARG buy order
- Keep an eye on your investment in CARG
If you require a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to watch your new investment in Cargurus, get started below.
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