Is CarGurus Outperforming Other Auto-Tires-Trucks Stocks This Year?
CARG Stock | USD 37.07 0.19 0.52% |
Roughly 60% of all CarGurus' stockholders are looking to take a long position. The analysis of overall sentiment of trading CarGurus stock suggests that some investors are interested at this time. The current market sentiment, together with CarGurus' historical and current headlines, can help investors time the market. In addition, many technical investors use CarGurus stock news signals to limit their universe of possible portfolio assets.
CarGurus |
Here is how CarGurus and OPENLANE have performed compared to their sector so far this year.
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CarGurus Current Investor Sentiment
Panic Vs Confidence
60
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use CarGurus' input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward CarGurus.
News SentimentBullish | Hype SentimentNeutral | Insider SentimentDisposing |
CarGurus Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards CarGurus can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
CarGurus Historical Investor Sentiment
Investor biases related to CarGurus' public news can be used to forecast risks associated with an investment in CarGurus. The trend in average sentiment can be used to explain how an investor holding CarGurus can time the market purely based on public headlines and social activities around CarGurus. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
CarGurus' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for CarGurus and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average CarGurus news discussions. The higher the estimate score, the more favorable the investor's outlook on CarGurus.
CarGurus Fundamental Analysis
We analyze CarGurus' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CarGurus using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CarGurus based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Earnings To Growth
Price To Earnings To Growth Comparative Analysis
CarGurus is currently under evaluation in price to earnings to growth category among its peers. PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
CarGurus Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CarGurus stock to make a market-neutral strategy. Peer analysis of CarGurus could also be used in its relative valuation, which is a method of valuing CarGurus by comparing valuation metrics with similar companies.
Peers
CarGurus Related Equities
DRVN | Driven Brands | 1.49 | ||||
KFS | Kingsway Financial | 0.24 | ||||
PAG | Penske Automotive | 0.37 | ||||
AN | AutoNation | 1.01 | ||||
SAH | Sonic Automotive | 1.20 | ||||
RUSHA | Rush Enterprises | 1.35 | ||||
GPI | Group 1 | 1.43 | ||||
LAD | Lithia Motors | 1.44 | ||||
KAR | KAR Auction | 1.61 | ||||
ABG | Asbury Automotive | 1.90 | ||||
CARS | Cars | 2.20 |
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When running CarGurus' price analysis, check to measure CarGurus' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CarGurus is operating at the current time. Most of CarGurus' value examination focuses on studying past and present price action to predict the probability of CarGurus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CarGurus' price. Additionally, you may evaluate how the addition of CarGurus to your portfolios can decrease your overall portfolio volatility.
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