Analyzing CarGurus’s Unusual Options Activity
Shares of CarGurus (NASDAQ:CARG) saw some unusual options activity on Monday. Following the unusual option alert, the stock price moved down to $31.1.
Unusual Options Activity Insight: CarGurus
On Friday, shares of CarGurus (NASDAQ:CARG) saw unusual options activity. After the option alert, the stock price moved up to $31.73.
Raymond James Maintains Outperform on CarGurus, Raises Price Target to $38
Raymond James analyst Nicholas Bacchus maintains CarGurus (NASDAQ:CARG) with a Outperform and raises the price target from $34 to $38.
RBC Capital Maintains Sector Perform on CarGurus, Raises Price Target to $34
RBC Capital analyst Brad Erickson maintains CarGurus (NASDAQ:CARG) with a Sector Perform and raises the price target from $30 to $34.
Recap: CarGurus Q2 Earnings
Shares of CarGurus (NASDAQ:CARG) rose in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share rose 115.79% over the past year to $0.41, which beat the estimate of $0.21.
CarGurus Q2 EPS $0.41 Beats $0.21 Estimate, Sales $217.75M Beat $190.75M Estimate
CarGurus (NASDAQ:CARG) reported quarterly earnings of $0.41 per share which beat the analyst consensus estimate of $0.21 by 95.24 percent. This is a 115.79 percent increase over earnings of $0.19 per share from the same
Earnings Scheduled For August 5, 2021
Companies Reporting Before The Bell
• OneSpaWorld Holdings (NASDAQ:OSW) is projected to report quarterly loss at $0.20 per share on revenue of $6.42 million.
3 Stocks Insiders Are Buying
When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
70 Biggest Movers From Friday
Gainers
InnSuites Hospitality Trust (NYSE: IHT) shares gained 43.4% to close at $3.50 on Friday.