With 0.71 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.67 million shares. The 52-week range on CAR shows that it touched its highest point at $132.25 and its lowest point at $65.73 during that stretch. It currently has a 1-year price target of $113.50. Beta for the stock currently stands at 2.09.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CAR was down-trending over the past week, with a drop of -5.72%, but this was down by -15.35% over a month. Three-month performance dropped to -27.60% while six-month performance fell -0.04%. The stock lost -29.29% in the past year, while it has lost -7.59% so far this year. A look at the trailing 12-month EPS for CAR yields -51.80 with Next year EPS estimates of 15.04. For the next quarter, that number is -5.54. This implies an EPS growth rate of -61.87% for this year and 68.99% for next year.
Float and Shares Shorts:
At present, 35.00 million CAR shares are outstanding with a float of 33.98 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CAR since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $6.48228 being high and $2.66519 being low. For CAR, this leads to a yearly average estimate of $4.16718. Based on analyst estimates, the high estimate for the next quarter is $2.91 and the low estimate is $0.75. The average estimate for the next quarter is thus $2.11.
