Cargurus Stock Market Value
| CARG Stock | USD 37.87 0.05 0.13% |
| Symbol | CarGurus |
CarGurus Price To Book Ratio
Is Interactive Media & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CarGurus. If investors know CarGurus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CarGurus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.265 | Earnings Share (0.45) | Revenue Per Share 8.361 | Quarterly Revenue Growth 0.054 | Return On Assets 0.0563 |
The market value of CarGurus is measured differently than its book value, which is the value of CarGurus that is recorded on the company's balance sheet. Investors also form their own opinion of CarGurus' value that differs from its market value or its book value, called intrinsic value, which is CarGurus' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CarGurus' market value can be influenced by many factors that don't directly affect CarGurus' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CarGurus' value and its price as these two are different measures arrived at by different means. Investors typically determine if CarGurus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CarGurus' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
CarGurus 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CarGurus' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CarGurus.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in CarGurus on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding CarGurus or generate 0.0% return on investment in CarGurus over 720 days. CarGurus is related to or competes with KAR Auction, Kingsway Financial, Driven Brands, Group 1, Sonic Automotive, Lithia Motors, and AutoNation. CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the Unite... More
CarGurus Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CarGurus' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CarGurus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.1761 | |||
| Maximum Drawdown | 7.36 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 3.59 |
CarGurus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CarGurus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CarGurus' standard deviation. In reality, there are many statistical measures that can use CarGurus historical prices to predict the future CarGurus' volatility.| Risk Adjusted Performance | 0.1982 | |||
| Jensen Alpha | 0.3 | |||
| Total Risk Alpha | 0.1443 | |||
| Sortino Ratio | 0.1971 | |||
| Treynor Ratio | 0.3859 |
CarGurus Backtested Returns
CarGurus appears to be very steady, given 3 months investment horizon. CarGurus secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the company had a 0.28% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for CarGurus, which you can use to evaluate the volatility of the firm. Please makes use of CarGurus' Downside Deviation of 1.63, risk adjusted performance of 0.1982, and Mean Deviation of 1.4 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CarGurus holds a performance score of 22. The firm shows a Beta (market volatility) of 1.16, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CarGurus will likely underperform. Please check CarGurus' downside variance, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether CarGurus' price patterns will revert.
Auto-correlation | 0.32 |
Below average predictability
CarGurus has below average predictability. Overlapping area represents the amount of predictability between CarGurus time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CarGurus price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current CarGurus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 15.6 |
CarGurus lagged returns against current returns
Autocorrelation, which is CarGurus stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CarGurus' stock expected returns. We can calculate the autocorrelation of CarGurus returns to help us make a trade decision. For example, suppose you find that CarGurus has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CarGurus regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CarGurus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CarGurus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CarGurus stock over time.
Current vs Lagged Prices |
| Timeline |
CarGurus Lagged Returns
When evaluating CarGurus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CarGurus stock have on its future price. CarGurus autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CarGurus autocorrelation shows the relationship between CarGurus stock current value and its past values and can show if there is a momentum factor associated with investing in CarGurus.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether CarGurus is a strong investment it is important to analyze CarGurus' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CarGurus' future performance. For an informed investment choice regarding CarGurus Stock, refer to the following important reports:Check out CarGurus Correlation, CarGurus Volatility and CarGurus Alpha and Beta module to complement your research on CarGurus. For more detail on how to invest in CarGurus Stock please use our How to Invest in CarGurus guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
CarGurus technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.