CarGurus Stock Options
| CARG Stock | USD 35.82 0.09 0.25% |
CarGurus' latest option contracts expiring on January 17th 2025 are carrying combined implied volatility of 0.44 with a put-to-call open interest ratio of 0.12 over 25 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on January 17th 2025.
Open Interest Against January 17th 2025 Option Contracts
2025-01-17
The chart above shows CarGurus' distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. CarGurus' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for CarGurus' option, there is no secondary market available for investors to trade.
In The Money vs. Out of Money Option Contracts on CarGurus
Analyzing CarGurus' in-the-money options over time can help investors to take a profitable long position in CarGurus regardless of its overall volatility. This is especially true when CarGurus' options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money CarGurus' options could be used as guardians of the underlying stock as they move almost dollar for dollar with CarGurus' stock while costing only a fraction of its price.
CarGurus Current Options Market Mood
CarGurus' open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps CarGurus Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of CarGurus' calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. CarGurus' option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.
Rule 16 of the current CarGurus contract
Base on the Rule 16, the options market is currently suggesting that CarGurus will have an average daily up or down price movement of about 0.0275% per day over the life of the 2025-01-17 option contract. With CarGurus trading at USD 35.82, that is roughly USD 0.009851. If you think that the market is fully incorporating CarGurus' daily price movement you should consider buying CarGurus options at the current volatility level of 0.44%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
CarGurus |
Purchasing CarGurus options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" CarGurus calls. Remember, the seller must deliver CarGurus stock to the call owner when a call is exercised.
CarGurus Option Chain
When CarGurus' strike price is surpassing the current stock price, the option contract against CarGurus stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
CarGurus' option chain is a display of a range of information that helps investors for ways to trade options on CarGurus. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for CarGurus. It also shows strike prices and maturity days for a CarGurus against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Open Int | Strike Price | Current Spread | Last Price | |||
Call | CARG250117C00003000 | 3 | 3.0 | 12.7 - 16.7 | 12.7 | Out |
Call | CARG250117C00005000 | 4 | 5.0 | 11.6 - 15.0 | 11.6 | Out |
Call | CARG250117C00008000 | 0 | 8.0 | 8.8 - 11.3 | 8.8 | |
Call | CARG250117C00010000 | 4 | 10.0 | 7.1 - 11.0 | 7.1 | Out |
Call | CARG250117C00013000 | 0 | 13.0 | 6.2 - 6.7 | 6.2 | |
Call | CARG250117C00015000 | 26 | 15.0 | 5.1 - 5.6 | 5.1 | Out |
Call | CARG250117C00017000 | 1 | 17.0 | 4.2 - 4.5 | 4.2 | Out |
Call | CARG250117C00020000 | 24 | 20.0 | 2.8 - 3.3 | 2.8 | Out |
Call | CARG250117C00022000 | 5 | 22.0 | 2.2 - 2.65 | 2.2 | Out |
Call | CARG250117C00025000 | 1 | 25.0 | 0.4 - 4.6 | 0.4 | Out |
Call | CARG250117C00027000 | 880 | 27.0 | 1.1 - 1.55 | 1.35 | Out |
Call | CARG250117C00030000 | 35 | 30.0 | 0.05 - 1.3 | 0.05 | Out |
Call | CARG250117C00032000 | 128 | 32.0 | 0.05 - 3.2 | 0.05 | Out |
Call | CARG250117C00035000 | 43 | 35.0 | 0.2 - 2.7 | 0.2 | Out |
Call | CARG250117C00037000 | 67 | 37.0 | 0.0 - 2.7 | 2.7 | Out |
Put | CARG250117P00003000 | 0 | 3.0 | 0.0 - 1.6 | 1.6 | |
Put | CARG250117P00005000 | 0 | 5.0 | 0.0 - 1.7 | 1.7 | |
Put | CARG250117P00008000 | 4 | 8.0 | 0.0 - 1.2 | 1.2 | Out |
Put | CARG250117P00010000 | 21 | 10.0 | 0.0 - 2.3 | 2.3 | Out |
Put | CARG250117P00013000 | 91 | 13.0 | 0.05 - 3.7 | 0.05 | Out |
Put | CARG250117P00015000 | 8 | 15.0 | 1.85 - 2.25 | 1.85 | Out |
Put | CARG250117P00017000 | 4 | 17.0 | 2.7 - 3.2 | 2.7 | Out |
Put | CARG250117P00020000 | 18 | 20.0 | 4.3 - 4.9 | 4.3 | Out |
Put | CARG250117P00022000 | 0 | 22.0 | 5.7 - 6.2 | 5.7 | |
Put | CARG250117P00025000 | 4 | 25.0 | 6.0 - 10.4 | 6.0 | Out |
CarGurus Selling And Marketing Expenses Over Time
Selling And Marketing Expenses |
| Timeline |
CarGurus Market Cap Over Time
Market Cap |
| Timeline |
CarGurus Total Stockholder Equity
Total Stockholder Equity |
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CarGurus Corporate Management
| Andrea Eldridge | Chief Officer | Profile | |
| Elisa Palazzo | Principal Officer | Profile | |
| Dafna Sarnoff | Chief Officer | Profile | |
| Javier Zamora | General Secretary | Profile | |
| Brad Rosenfeld | Executive Commercialization | Profile | |
| Kirndeep Singh | VP Relations | Profile |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CarGurus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in CarGurus Stock please use our How to Invest in CarGurus guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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 | Quarterly Revenue Growth 0.054 | Return On Assets |
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.