Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical passes the values gate
Price35.00 USD
Fair value46.00
Ethical score70.0/100
Our investment reviews on this name
2026-08-24Read Markup38.99-10.2% to today
2026-07-24Read Accumulation35.00+0.0% to today ✓
2026-07-02Read Distribution27.17+28.8% to today
Our analytic regime reads on this name, dated and marked against today's price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
CarGurus, Inc. holds its Markdown at $35.00. The statistical read favours the buyers, held for 17 days.
As held on the ledger · 2026-09-15
Phase
Markdown · caution
Quantitative state
The statistical read favours the buyers, held for 17 days
Price at the screen
$35.00
Valuation
18.04 trailing · 11.58 forward price to earnings
Values screen
PASS· score 70.0
Beta
1.16
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
28.83%
Below 33%
Interest-bearing debt is just 28.8% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
35.12%
Below 49%
Money owed to the company is 35.1% of assets, under the 49% limit.
Pass
Revenue purity
1.01%
Below 5%
Only 1.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-15 screen. The gold marker is the market price at the same screen. A 31.4% margin of safety to the base estimate.
Third-party analyst targets: 12 covering, consensus Buy. The average target sits +20% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-15 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Online car platform trades below its calculated value
Picture a buyer scrolling through dealer listings on their phone instead of driving between lots. CarGurus powers that marketplace and is growing revenue 15 percent a year while earning 16 percent profit margins and an unusually high 58 percent return on equity.
The shares sit at 12 times forward earnings, below our 43 dollar fair value from the current 35 dollar price, and the ethical screen passes without flags. Analyst consensus points to a 37 dollar target, leaving the stock looking inexpensive on standard metrics.
Still, auto retail is cyclical, so a low multiple can simply mark peak earnings rather than a bargain. An unknown moat leaves durability open to question in a competitive space.
Analysis, not advice.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
CARG trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-24Markup · changed$38.99+11.4%Entry 5
The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 11.4% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is momentum reading oversold. Over the past year the shares are down 15%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (12 analysts) rates it buy, with a mean price target of $37.
The framework has shifted from distribution to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 28.8% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is momentum reading oversold. Over the past year the shares are down 15%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (12 analysts) rates it buy, with a mean price target of $37.
2026-07-18Distribution$27.17+0.0%Entry 3
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is momentum reading oversold. Over the past year the shares are down 15%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (12 analysts) rates it buy, with a mean price target of $37.
2026-07-03Distribution$27.17+0.0%Entry 2
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Distribution$27.17Entry 1
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
