Cargurus Stock Alpha and Beta Analysis
| CARG Stock | USD 35.73 0.57 1.62% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as CarGurus. It also helps investors analyze the systematic and unsystematic risks associated with investing in CarGurus over a specified time horizon. Remember, high CarGurus' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to CarGurus' market risk premium analysis include:
Beta 1.31 | Alpha 0.22 | Risk 1.82 | Sharpe Ratio 0.2 | Expected Return 0.36 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
CarGurus |
CarGurus Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. CarGurus market risk premium is the additional return an investor will receive from holding CarGurus long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in CarGurus. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate CarGurus' performance over market.| α | 0.22 | β | 1.31 |
CarGurus expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of CarGurus' Buy-and-hold return. Our buy-and-hold chart shows how CarGurus performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.CarGurus Market Price Analysis
Market price analysis indicators help investors to evaluate how CarGurus stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CarGurus shares will generate the highest return on investment. By understating and applying CarGurus stock market price indicators, traders can identify CarGurus position entry and exit signals to maximize returns.
CarGurus Return and Market Media
The median price of CarGurus for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 30.35 with a coefficient of variation of 8.38. The daily time series for the period is distributed with a sample standard deviation of 2.59, arithmetic mean of 30.85, and mean deviation of 2.01. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 3107 shares by Dafna Sarnoff of CarGurus at 28.42 subject to Rule 16b-3 | 09/03/2024 |
2 | Acquisition by Langley Steinert of 241935 shares of CarGurus subject to Rule 16b-3 | 09/04/2024 |
3 | Disposition of 241935 shares by Langley Steinert of CarGurus subject to Rule 16b-3 | 09/11/2024 |
4 | Insider Trading | 09/30/2024 |
5 | Disposition of 3495 shares by Matthew Quinn of CarGurus at 29.43 subject to Rule 16b-3 | 10/02/2024 |
6 | Disposition of 17668 shares by Samuel Zales of CarGurus at 0.16 subject to Rule 16b-3 | 10/16/2024 |
7 | Disposition of 1968 shares by Javier Zamora of CarGurus at 28.0 subject to Rule 16b-3 | 10/22/2024 |
8 | PLOW vs. CARG Which Stock Should Value Investors Buy Now | 10/24/2024 |
9 | Disposition of 1760 shares by Javier Zamora of CarGurus at 31.15 subject to Rule 16b-3 | 11/01/2024 |
10 | CarGurus Inc Q3 2024 Earnings Revenue Surpasses Estimates at 231.4M, EPS Misses at 0.21 | 11/07/2024 |
11 | CarGurus Inc Q3 2024 Earnings Call Highlights Strong Marketplace Growth Amidst Mixed ... | 11/08/2024 |
12 | CarGurus Issues FY 2024 Earnings Guidance | 11/11/2024 |
13 | CarGurus SWOT analysis stocks resilience amid market shifts | 11/12/2024 |
14 | Disposition of 9544 shares by Zachary Hallowell of CarGurus at 35.41 subject to Rule 16b-3 | 11/18/2024 |
15 | Are You Looking for a Top Momentum Pick Why CarGurus is a Great Choice | 11/19/2024 |
16 | Online Marketplace Stocks Q3 In Review CarGurus Vs Peers | 11/21/2024 |
About CarGurus Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including CarGurus or other stocks. Alpha measures the amount that position in CarGurus has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 72.64 | 10.32 | 15.95 | 16.32 | PTB Ratio | 7.62 | 2.26 | 4.44 | 4.21 |
CarGurus Upcoming Company Events
As portrayed in its financial statements, the presentation of CarGurus' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, CarGurus' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of CarGurus' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of CarGurus. Please utilize our Beneish M Score to check the likelihood of CarGurus' management manipulating its earnings.
| 27th of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 27th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with CarGurus
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
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Check out CarGurus Backtesting, CarGurus Valuation, CarGurus Correlation, CarGurus Hype Analysis, CarGurus Volatility, CarGurus History and analyze CarGurus Performance. For more detail on how to invest in CarGurus Stock please use our How to Invest in CarGurus guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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.