CARG CarGurus, Inc.

XNAS 34.55 Delayed
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

CARG $34.55 —
Key stats
$34.55
52-Week Range
$26.39 – $41.22
YTD
-8.23%
IV Rank (30D)
48.25
Straddle Price
$5.08
P/C Vol Ratio
6.52
Market Cap
$3.0B
Open
$34.35
Day Range
$33.00 – $35.24
Volume
1,662,286
Prev Close
$33.74
Fair Value
MODEL: LONG

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)4.90%
Beta vs SPY1.09
Cost of Equity (CAPM)10.89% (VRP-adj)
WACC11.03%
Volatility Risk Premium+16.9pp (IV − HV30), ERP adj +50bps
Effective Tax Rate23.0%
Rev. Growth (YoY, DCF input)+5.1%
DCF Horizon12 years explicit + fade
Forward Tilt (NTM/TTM)×1.05 (applied to P/E, EV/EBITDA, P/S)
Free Cash Flow (TTM)$0.3B
Return on Equity (TTM)66.5%
Book / Price8.6%
Gross Margin (TTM)94.8%
FCF Margin (TTM)33.5%
Debt / Equity0.00
Quality Score5/6 — high quality (12y DCF)
Market-Implied Growth-1.7% (reverse-DCF on current price)
SMA 50$32.17 (Market Anchor value)
SMA 20 / Bollinger Mid$31.93
Bollinger Width / SMA2025.4% (drives anchor stability)
Net Debt$-0.1B
Market Cap$3B
Peers used for multiples: AAPL, GOOGL, META, MSFT, MTCH, NVDA, PPLI, TSM
60-Day Conviction
33%
20-Day Fair Value
≈ by Dec 8, 2026
$34.21
α -1.0% rank 47%
conviction
64%
40-Day Fair Value
≈ by Jan 6, 2027
$34.56
α +0.0% rank 54%
conviction
1%
60-Day Fair Value
≈ by Feb 4, 2027
$34.96
α +1.2% rank 75%
conviction
33%
MethodImplied PriceWeightDetail
DCF $50.13 27%
DDM (Gordon) n/a 0%
Peer P/E $41.87 12% median 21.6× · 6 peers
Peer EV/EBITDA $70.14 12% median 19.5× · 7 peers
Peer P/B $20.52 2% median 7.1× · 6 peers
Peer P/S $80.17 8% median 7.4× · 7 peers
Market Anchor (SMA50) $32.17 12% stability 23% (BB-width)
Options Expected (B-L 30d) $33.20 27% 26 strikes · skew -0.84
As of 2026-11-09 · updated
About
Industry (SIC)
SERVICES-COMPUTER PROCESSING & DATA PREPARATION (7374) · industry map
Exchange
XNAS
Market Cap
$3.0B
Employees
1,218
List Date
2017-10-12
CIK
0001494259
Last Earnings
Nov 5 after close · −6.7% vs ±12.9% expected
Next Earnings
~Feb 18, 2027 (estimated)
Headquarters
Boston, MA
Homepage
https://www.cargurus.com

CarGurus Inc is a company that acts as an online automotive marketplace connecting buyers and sellers of new and used cars. It provides three types of marketplace Listing products, Restricted Listings, and Enhanced or Featured Listings, through which it offers real-time and historical data analyzing the connections and pricing analysis. The listing platforms offer auto manufacturers and others to buy advertising on the company's site and target consumers based on the make, model, and zip code of the cars. The company operates through two segments, namely U.S. Marketplace and Digital Wholesale.…

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan-9.05%-8.86%22.83%-1.19%9.71%-13.94%-0.08%
Feb-15.53%46.55%-3.45%-6.42%-16.22%-5.19%-0.04%
Mar-9.77%-8.71%2.98%1.76%-8.63%8.75%-2.27%
Apr0.71%-24.91%-10.85%-2.35%-4.38%8.67%-5.52%
May18.42%-24.58%14.71%8.47%12.33%-19.38%1.66%
Jun-5.65%-15.49%18.36%9.76%7.14%14.67%4.80%
Jul8.62%8.34%-0.04%-0.64%-2.73%2.47%2.67%
Aug5.52%-24.11%-18.72%20.25%8.60%-3.44%-1.98%
Sep2.38%-26.27%-5.14%7.63%7.04%-10.38%-4.12%
Oct3.04%-2.41%-0.69%4.62%-6.47%8.24%1.05%
Nov11.67%-13.78%26.65%21.41%0.54%2.25%*8.12%
Dec-8.31%7.11%11.44%-3.51%7.57%--2.86%
Total-3.43%-68.12%59.69%72.41%10.54%-12.51%9.76%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $32.23
SMA 50: $32.13
SMA 200: $32.88
Current: $34.55
EMA 12: $33.53
EMA 26: $32.61
MACD: 0.9229 | Signal: 0.4368
BULLISH
ADX (14): 30.63
TREND
+DI: 35.92
−DI: 10.31

Momentum Oscillators

RSI (14): 58.75
NEUTRAL
Stoch %K: 54.54
Stoch %D: 67.54
Williams %R: -50.85

Volume & Volatility

BB Upper: $36.09
BB Lower: $28.38
NEUTRAL
OBV: 5,877,294
Vol SMA 20: 1,430,561
Vol ROC: 41.01%
ATR: $1.78
True Range: $2.24
HV 20: 52.1%
HV 30: 47.5%
HV 60: 40.9%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-11-11T00:00:00 – 2026-11-09T00:00:00
AI Analysis
Written before CARG’s Nov 5 earnings report, so it doesn’t reflect the results.

LLM Stock Analysis Report

SYMBOL: CARG

Executive Summary: BULLISH with confidence level 7/10

Key drivers:

  • Technical indicators suggest a moderate uptrend, with MACD signal line crossing above the zero line, indicating bullish momentum.
  • Recent positive news headlines, such as CarGurus' AI-powered innovation, contribute to the overall bullish sentiment.

Primary risks:

  • The stock's beta of 0.83 indicates a relatively low risk profile compared to the market.
  • Moderate volatility levels suggest potential for price movements within a trading range.

Investment thesis: CARG is poised for continued growth due to its strong technical momentum and positive news sentiment, making it an attractive long-term investment opportunity.

Recent news sentiment impact: The recent news headlines have had a neutral-to-positive impact on the stock's price, with the Amazon Expands Autos Business article having a minor negative influence.

Technical Analysis:

  • Trend Direction: Short-term: Uptrend (1-4 weeks), Medium-term: Uptrend (1-3 months)
  • Support/Resistance Levels: Key levels are $34.74 (current price), $36.88 (SMA 20), and $38.80 (upper Bollinger Band).
  • Momentum Signals:
    • RSI interpretation: Neutral zone (30-70) indicates a pause in momentum.
    • MACD signal line crossover above the zero line suggests bullish momentum.
    • Bollinger Bands position: Squeeze, indicating potential breakout or mean reversion.
  • Volume Analysis: Volume trends indicate moderate interest, with On-Balance Volume (OBV) and Volume Rate of Change suggesting a neutral sentiment.

News & Sentiment Analysis:

  • Recent Headlines Summary: The news headlines have been generally positive, with two articles highlighting CarGurus' growth and innovation.
  • Sentiment Assessment: Positive news sentiment dominates the recent headlines, contributing to the overall bullish tone.
  • Catalyst Identification: Upcoming catalysts include Amazon's autos business expansion and potential AI-powered innovations in the automotive sector.
  • Market Narrative: The positive news headlines align with the technical indicators, reinforcing the overall bullish sentiment.

Risk & Volatility Assessment:

  • Beta Interpretation: The stock's beta of 0.83 indicates a relatively low risk profile compared to the market.
  • Volatility Regime: Moderate volatility levels suggest potential for price movements within a trading range.
  • Options Market Signals: IV rank is 11.4% (Low), indicating historically low volatility, with put/call ratios suggesting neutral sentiment.
  • Downside Protection: Support levels are $34.74 and $34.96 (lower Bollinger Band).

Market Context & Positioning:

  • Sector Performance: The automotive sector has been experiencing moderate growth, contributing to CARG's uptrend.
  • Institutional Activity: Moderate volume patterns suggest institutional interest in the stock.
  • Correlation Analysis: R-squared interpretation suggests a relatively low correlation between CARG and the market, indicating potential for independent price movements.
  • Relative Valuation: Position within trading range, with recent prices near the upper Bollinger Band.

Key Levels & Action Items:

  • Critical Price Levels: $34.74 (current price), $36.88 (SMA 20), and $38.80 (upper Bollinger Band) are key support/resistance levels.
  • Breakout/Breakdown Levels: Breakouts above the upper Bollinger Band or breakdowns below the lower band could trigger significant moves.
  • Time-Sensitive Catalysts: Upcoming earnings dates, Amazon's autos business expansion, and potential AI-powered innovations in the automotive sector are catalysts to monitor.
  • Risk Management: Stop-loss levels should be set around $32.44 (50% Fibonacci retracement) to manage risk.

Overall, CARG presents a moderate bullish case with positive technical indicators, recent news sentiment, and low-risk profile. However, caution is advised due to the stock's relatively low volatility and potential for mean reversion or breakout.

Generated
News
All CARG news →
Earnings History
16 of 24 under expected move
Avg Expected Move
13.28%
Avg Actual Move
10.92%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2021-02-11 After-Close 12.44% 7.52% 0.60x Within
2021-05-06 After-Close 13.50% 13.58% 1.01x Exceeded
2021-08-05 After-Close 11.43% 6.21% 0.54x Within
2021-11-09 After-Close 11.86% 5.58% 0.47x Within
2022-02-24 After-Close 15.41% 43.96% 2.85x Exceeded
2022-05-09 After-Close 16.49% 22.86% 1.39x Exceeded
2022-08-08 After-Close 15.67% 25.51% 1.63x Exceeded
2022-11-08 After-Close 19.91% 7.92% 0.40x Within
2023-02-28 After-Close 14.72% 6.39% 0.43x Within
2023-05-09 After-Close 11.30% 14.91% 1.32x Exceeded
2023-08-09 After-Close 12.06% 6.08% 0.50x Within
2023-11-07 After-Close 11.98% 4.36% 0.36x Within
2024-02-26 After-Close 18.38% 1.55% 0.08x Within
2024-05-09 After-Close 11.13% 8.71% 0.78x Within
2024-08-08 After-Close 10.71% 20.27% 1.89x Exceeded
2024-11-07 After-Close 13.11% 4.35% 0.33x Within
2025-02-20 After-Close 15.03% 17.13% 1.14x Exceeded
2025-05-08 After-Close 10.55% 11.20% 1.06x Exceeded
2025-08-07 After-Close 12.81% 7.32% 0.57x Within
2025-11-06 After-Close 14.41% 0.63% 0.04x Within
2026-02-19 After-Close 10.27% 3.32% 0.32x Within
2026-05-07 After-Close 9.89% 8.95% 0.90x Within
2026-08-06 After-Close 12.71% 7.16% 0.56x Within
2026-11-05 After-Close 12.86% 6.67% 0.52x Within

Earnings calendar: this week’s reports with expected vs actual moves →

CARG Options Activity & IV Rank

CARG IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 52.4%
7-DTE IV: 48.8%
Expected Move: $5.08
7-DTE Move: $2.47
Days to Exp: 39 (2026-12-18)

Options Flow · All expiries

Call Volume: 291
Put Volume: 1,898
P/C Volume: 6.522
BEARISH
Call OI: 594
Put OI: 32,772
P/C OI: 55.172
Total OI: 33,366

ATM Options Pricing

ATM Call: $2.45
ATM Put: $2.62
Call %: 7.1%
Put %: 7.6%

Chain Summary

Chain Volume: 2,189
Chain OI: 33,366
Last Updated: 11/9/2026
Spread Scanner
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Scanning bull put, bear call, iron condor and calendar spreads…

Dealer Positioning
LOW γ vs HISTORY

Estimated net dealer gamma is at the 1st percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
1%
vs own history
GEX tilt
-0.98
OI-weighted, today
Vanna tilt
+0.62
δ-sensitivity to IV
Charm tilt
-0.67
δ-decay vs time
Vanna tilt +0.62: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.67: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 14 ATM contracts, 25k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
No data
30 DTE / 10d —
— pts EXTREME
No data

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Loading the implied volatility surface…

Volatility Smile

Loading the implied volatility smile…

IV Rank (7 DTE)23.3LowNov 9
IV Rank (30 DTE)48.2MediumNov 9

Embed CARG IV rank

CARG's 30-day IV rank (90 sessions) with its 52-week rank, at-the-money IV and a 90-session trend. Updates after each close. Paste the code into any web page or blog post. Email newsletters drop iframes, so link to the page there.

Theme
Preview
Straddle Price (30 DTE)$5.08Nov 9
Beta Analysis

Risk Metrics

Beta: 0.4588
Alpha: 6.32%
Correlation: 0.1532
R-Squared: 2.3%
Stock Volatility: 41.2%
Market Volatility: 13.8%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own CARG
6 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Renaissance Technologies Hedge fund
Jim Simons
$23.0M
0.03%
#643 of 3138+96.0%13F
Millennium Management Hedge fund
Izzy Englander
$21.1M
0.01%
#1091 of 3716+741.8%13F
Citadel Hedge fund
Ken Griffin
$14.5M
0.01%
#1340 of 6285+334.5%13F
Point72 Hedge fund
Steve Cohen
$2.9M
0.00%
#1172 of 1945-32.1%13F
Bridgewater Associates Hedge fund
Ray Dalio
$536K
0.00%
#914 of 997-71.8%13F
Rockefeller Capital Management Family office
Rockefeller family
$8K
0.00%
#4088 of 4729-64.3%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

CARG Institutional Ownership (13F)

Filings for 2026-06-30 · 159 already for 2026-09-30
Diluted shares outstanding: 96,576,365 (as of 2026-06-30)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

376 filers79,672,946 shares$2.68B value82.50% of float
# Filer Shares Value % of Total % of Float Period
1 BlackRock, Inc. Custodian 11,803,358 $402.38M 15.02% 12.22% 2026-06-30
2 Vanguard Portfolio Management LLC 4,715,273 $160.74M 6.00% 4.88% 2026-06-30
3 Vanguard Capital Management LLC 3,302,216 $112.57M 4.20% 3.42% 2026-06-30
4 Wellington Management Group LLP Custodian 3,255,283 $110.97M 4.14% 3.37% 2026-06-30
5 The Manufacturers Life Insurance Company 3,110,647 $106.04M 3.96% 3.22% 2026-06-30
6 State Street Corp 3,021,044 $102.99M 3.84% 3.13% 2026-06-30
7 Prevatt Capital Ltd 2,575,000 $87.78M 3.28% 2.67% 2026-06-30
8 Orbis Allan Gray Ltd 2,407,398 $82.07M 3.06% 2.49% 2026-06-30
9 CONGRESS ASSET MANAGEMENT CO 2,125,686 $66.24M 2.47% 2.20% 2026-09-30
10 Geode Capital Management, LLC Custodian 1,969,145 $61.37M 2.29% 2.04% 2026-09-30
11 Dimensional Fund Advisors LP Custodian 1,898,548 $59.16M 2.21% 1.97% 2026-09-30
12 Boston Partners 1,705,214 $58.12M 2.17% 1.77% 2026-06-30
13 Morgan Stanley Custodian 1,573,354 $53.64M 2.00% 1.63% 2026-06-30
14 Invesco Ltd. Custodian 1,319,331 $44.98M 1.68% 1.37% 2026-06-30
15 Charles Schwab Investment Management, Inc. 1,058,779 $36.09M 1.35% 1.10% 2026-06-30
16 ACADIAN ASSET MANAGEMENT LLC 951,875 $32.43M 1.21% 0.99% 2026-06-30
17 JACOBS LEVY EQUITY MANAGEMENT, INC 943,303 $32.16M 1.20% 0.98% 2026-06-30
18 Goldman Sachs Group Inc Custodian 919,306 $31.34M 1.17% 0.95% 2026-06-30
19 ALTA FOX CAPITAL MANAGEMENT, LLC 843,546 $28.76M 1.07% 0.87% 2026-06-30
20 Ameriprise Financial, Inc. Custodian 826,385 $28.17M 1.05% 0.86% 2026-06-30
21 Northern Trust Corp Custodian 823,662 $28.08M 1.05% 0.85% 2026-06-30
22 Arrowstreet Capital, Limited Partnership 793,696 $27.06M 1.01% 0.82% 2026-06-30
23 Nuveen, LLC Custodian 730,183 $24.89M 0.93% 0.76% 2026-06-30
24 T. Rowe Price Associates, Inc. 690,517 $23.54M 0.88% 0.71% 2026-06-30
25 RENAISSANCE TECHNOLOGIES LLC 673,827 $22.97M 0.86% 0.70% 2026-06-30
4 filers$2.19M notional
# Filer Notional Value % of Total Period
1 Citadel Advisors LLC Custodian $715.89K 32.66% 2026-06-30
2 Susquehanna International Group, LLP Custodian $599.98K 27.37% 2026-06-30
3 GROUP ONE TRADING LLC Custodian $497.71K 22.71% 2026-06-30
4 Jane Street Group, LLC Custodian $378.40K 17.26% 2026-06-30
6 filers$1.48M notional
# Filer Notional Value % of Total Period
1 Jane Street Group, LLC Custodian $521.58K 35.17% 2026-06-30
2 Susquehanna International Group, LLP Custodian $368.17K 24.83% 2026-06-30
3 IMC-Chicago, LLC Custodian $289.79K 19.54% 2026-09-30
4 Citadel Advisors LLC Custodian $248.86K 16.78% 2026-06-30
5 GROUP ONE TRADING LLC Custodian $34.09K 2.30% 2026-06-30
6 Walleye Capital LLC $20.45K 1.38% 2026-06-30

CARG Insider Trading (Form 4)

Latest: 2026-11-06
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-11-06 Langley Steinert Executive Chair Sell (S) −2,866 $37.56 -$107.6K EDGAR
2026-11-03 Samuel Zales COO and President Sell (S) −10,000 $32.33 -$323.3K EDGAR
2026-11-03 Ismail Elshareef Chief Product Officer Mixed
Sell −1,964 · Tax −2,299
 −4,263 $32.25 -$137.5K EDGAR
2026-10-21 Matthew Charles Mandel CFO and Treasurer Award (A) +175,083 — EDGAR
2026-10-16 Samuel Zales COO and President Sell (S) −10,000 $30.31 -$303.1K EDGAR
2026-10-06 Dafna Sarnoff Chief Marketing Officer Award (A) +5,911 — EDGAR
2026-10-06 Matthew Todd Quinn Chief Technology Officer Award (A) +5,911 — EDGAR
2026-10-05 Javier Zamora General Counsel and Secretary Tax (F) −4,289 $29.73 -$127.5K EDGAR
2026-10-05 Samuel Zales COO and President Tax (F) −15,614 $29.73 -$464.2K EDGAR
2026-10-05 Dafna Sarnoff Chief Marketing Officer Mixed
Tax −7,550 · Sell −7,234
 −14,784 $29.68 -$438.7K EDGAR
2026-10-05 Langley Steinert Executive Chair Tax (F) −12,653 $29.73 -$376.2K EDGAR
2026-10-05 Matthew Todd Quinn Chief Technology Officer Mixed
Sell −3,824 · Tax −9,129
 −12,953 $29.70 -$384.7K EDGAR
2026-10-05 Ismail Elshareef Chief Product Officer Mixed
Tax −3,131 · Sell −2,673
 −5,804 $29.68 -$172.3K EDGAR
2026-10-05 Jason Trevisan Chief Executive Officer Tax (F) −21,509 $29.73 -$639.5K EDGAR
2026-10-02 Jennifer Ladd Hanson Chief People Officer Tax (F) −2,578 $30.36 -$78.3K EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

CARG Insider Holdings

16 insiders · @ $34.55
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Langley Steinert Executive Chair 956,617 $33.05M -$571.74M 296 2026-11-06
2 Jason Trevisan Chief Executive Officer 733,253 $25.33M -$9.85M 77 2026-10-05
3 Samuel Zales COO and President 419,735 $14.50M -$40.04M 116 2026-11-03
4 Stephen Kaufer Director 331,278 $11.45M -$23.88M 19 2026-06-04
5 Matthew Todd Quinn Chief Technology Officer 226,104 $7.81M -$1.34M 25 2026-10-06
6 Matthew Charles Mandel CFO and Treasurer 175,083 $6.05M $0 1 2026-10-21
7 Ismail Elshareef Chief Product Officer 125,634 $4.34M -$829.3K 21 2026-11-03
8 Zachary Emerson Hallowell CEO, CarOffer 110,431 $3.82M -$977.8K 16 2025-10-17
9 Dafna Sarnoff Chief Marketing Officer 100,795 $3.48M -$3.63M 39 2026-10-06
10 Jennifer Ladd Hanson Chief People Officer 89,991 $3.11M -$713.5K 15 2026-10-02
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

CARG Board & Officers

As of SEC filings through Nov 6, 2026

Directors 7

Officers 10

10% owners 1

Changes in the last 10 years (76)
Oct 21, 2026Matthew Charles Mandel became CFO and Treasurer
Feb 21, 2025The company announced the departure of Elisa Palazzo as CFO and Treasurer in an SEC filing
Sep 30, 2024Jennifer Ladd Hanson became Chief People Officer
Feb 1, 2024Ismail Elshareef became Chief Product Officer
Jan 9, 2024The company announced the departure of Andrea Lee Eldridge as Chief People Officer in an SEC filing
Dec 4, 2023Elisa Palazzo became CFO and Treasurer
Dec 1, 2023Zachary Emerson Hallowell became CEO, CarOffer
Jul 14, 2023Manik Gupta became a director
Apr 21, 2023The company announced the departure of Ian G Smith from the board in an SEC filing
Jan 11, 2023The company announced the departure of Yvonne Hao from the board in an SEC filing
Oct 3, 2022Scot Christopher Fredo reported in an SEC filing no longer being CFO and Treasurer
Aug 8, 2022Javier Zamora became General Counsel and Secretary
Apr 4, 2022Yann Bruno Gellot listed as SVP, Finance & PAO (previously VP, Finance & PAO) in SEC filings
Jan 3, 2022Matthew Todd Quinn became Chief Technology Officer
Dec 8, 2021Dafna Sarnoff became Chief Marketing Officer
Nov 15, 2021The company announced the departure of Sarah Amory Welch as Chief Marketing Officer in an SEC filing
Nov 4, 2021Yann Bruno Gellot listed as VP, Finance & PAO (previously VP, Finance & Accounting (PAO)) in SEC filings
Oct 18, 2021Kathleen Bender Patton reported in an SEC filing no longer being General Counsel and Secretary
Jul 2, 2021Kyle Lomeli reported in an SEC filing no longer being Chief Technology Officer
Jun 15, 2021Yvonne Hao became a director
Not reported recently (7)
  • Thomas Michael Caputo · Last reported as Chief Product Officer in an SEC filing dated Apr 3, 2023
  • Yann Bruno Gellot · Last reported as SVP, Finance & PAO in an SEC filing dated Nov 2, 2022
  • Anastasios Parafestas · Last reported as a director in an SEC filing dated Jun 15, 2021
  • Argonaut 22 LLC · Last reported as a 10% owner in an SEC filing dated Feb 15, 2019
  • Spinnaker Capital LLC · Last reported as a 10% owner in an SEC filing dated Feb 15, 2019
  • Simon Rothman · Last reported as a director in an SEC filing dated Jun 15, 2018
  • Langley Steinert Irrevocable Family Trust dated June 21, 2004 · Last reported as a 10% owner in an SEC filing dated Oct 18, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.

CARG Proposed Insider Sales (Form 144)

Latest: 2026-11-04
Last 30d: 5 filings · $34.3M notice value  ·  Last 90d: 13 filings · $36.8M notice value · 7 unique filers · 92% under 10b5-1 plans

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Top 90-day filers: Langley Steinert (1, $30.2M) · Langley Steinert Irrevocable Family Trust (1, $3.4M) · Zales Samuel (4, $1.3M) · Sarnoff Dafna (2, $849K) · Elshareef Ismail (3, $483K)
Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-11-04 Langley Steinert Irrevocable Family Trust Director, 10% Shareholder 100,000 $3.38M 2026-11-04 J.P. Morgan Securities LLC 10b5-1 EDGAR
2026-11-04 Langley Steinert Director, 10% Shareholder 895,468 $30.24M 2026-11-04 J.P. Morgan Securities LLC 10b5-1 EDGAR
2026-11-02 Elshareef Ismail Officer 1,964 $63.5K 2026-11-02 Fidelity Brokerage Services LLC 10b5-1 EDGAR
2026-11-02 Zales Samuel Officer 10,000 $323.3K 2026-11-02 Fidelity Brokerage Services LLC 10b5-1 EDGAR
2026-10-15 Zales Samuel Officer 10,000 $303.1K 2026-10-15 Fidelity Brokerage Services LLC 10b5-1 EDGAR
2026-10-02 Quinn Matthew Todd Officer 3,824 $113.3K 2026-10-02 Fidelity Brokerage Services LLC 10b5-1 EDGAR
2026-10-02 Elshareef Ismail Officer 2,673 $79.2K 2026-10-02 Fidelity Brokerage Services LLC 10b5-1 EDGAR
2026-10-02 Sarnoff Dafna Officer 7,234 $214.3K 2026-10-02 Fidelity Brokerage Services LLC 10b5-1 EDGAR
2026-09-15 Zales Samuel Officer 10,000 $346.2K 2026-09-15 Fidelity Brokerage Services LLC 10b5-1 EDGAR
2026-08-28 Zales Samuel Officer 10,000 $365.0K 2026-08-28 Fidelity Brokerage Services LLC 10b5-1 EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-11-05
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Filing Date Event Link
2026-11-05 Earnings results EDGAR
2026-09-03 Director or officer change · Regulation FD disclosure EDGAR
2026-08-06 Material agreement · Earnings results EDGAR
2026-06-04 Shareholder vote results EDGAR
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Filing Date Accession Link
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
Filing Date Accession Link
2026-11-05 0001193125-26-449875 EDGAR
2026-08-06 0001193125-26-338067 EDGAR
ETF Holders
128 ETFs hold CARG
25 shown · $648.65M total exposure · 0.15% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 IJR iShares Core S&P Small-Cap ETF iShares (BlackRock) 0.15% $153.7M $103.8B 2026-11-06
2 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.00% $72.1M — 2026-09-30
3 IWM iShares Russell 2000 ETF iShares (BlackRock) 0.09% $66.1M $76.6B 2026-11-06
4 VB Vanguard Morningstar Small-Cap ETF Vanguard 0.03% $50.2M — 2026-09-30
5 FESM Fidelity Enhanced Small Cap Core ETF Fidelity 0.47% $31.0M $6.6B 2026-11-05
6 VBK Vanguard Morningstar Small-Cap Growth ETF Vanguard 0.06% $27.9M — 2026-09-30
7 VXF Vanguard Extended Market ETF Vanguard 0.03% $26.5M — 2026-09-30
8 SPSM State Street® SPDR® Portfolio S&P 600™ Small Cap ETF SPDR (State Street) 0.16% $25.0M $15.7B 2026-11-05
9 IWO iShares Russell 2000 Growth ETF iShares (BlackRock) 0.18% $24.0M $13.7B 2026-11-06
10 DFAS Dimensional US Small Cap ETF Dimensional 0.07% $23.3M — 2026-11-05
11 VTWO Vanguard Russell 2000 ETF Vanguard 0.08% $13.6M — 2026-09-30
12 JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF Janus 1.31% $13.2M $1.0B 2026-11-06
13 SCHA Schwab U.S. Small-Cap ETF Nport 0.06% $12.9M — 2026-08-31
14 CALF Pacer US Small Cap Cash Cows 100 ETF Nport 0.34% $12.6M — 2026-07-31
15 DFMC Dimensional US Micro Cap ETF Dimensional 0.16% $11.7M — 2026-11-05
16 IJT iShares S&P Small-Cap 600 Growth ETF iShares (BlackRock) 0.16% $11.5M $7.3B 2026-11-06
17 DFAC Dimensional US Core Equity 2 ETF Dimensional 0.01% $11.1M — 2026-11-05
18 IJS iShares S&P Small-Cap 600 Value ETF iShares (BlackRock) 0.14% $10.5M $7.5B 2026-11-06
19 FNDA Schwab Fundamental U.S. Small Company ETF Nport 0.09% $8.5M — 2026-08-31
20 VOX Vanguard Communication Services ETF Vanguard 0.13% $8.4M — 2026-09-30
21 VIOO Vanguard S&P Small-Cap 600 ETF Vanguard 0.14% $8.3M — 2026-09-30
22 SLYG State Street® SPDR® S&P 600™ Small Cap Growth ETF SPDR (State Street) 0.17% $7.7M $4.6B 2026-11-05
23 SLYV State Street® SPDR® S&P 600™ Small Cap Value ETF SPDR (State Street) 0.15% $7.3M $4.9B 2026-11-05
24 PSC Principal U.S. Small-Cap ETF Nport 0.29% $6.6M — 2026-06-30
25 CLSE Convergence Long/Short Equity ETF Nport 0.54% $4.9M — 2026-08-31
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
18.78
TTM Diluted EPS
$1.84
TTM Revenue
$942.32M
TTM Net Income
$175.94M
TTM Op. Cash Flow
$318.72M
Quarterly figures (12 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q2 '262026-06-30$250.97M$49.19M$0.54$94.59M
Q1 '262026-03-31$243.56M$32.23M$0.34$69.85M
Q4 '252025-12-31$209.09M$49.80M$0.51$83.12M
Q3 '252025-09-30$238.70M$44.72M$0.45$71.17M
Q2 '252025-06-30$222.00M$22.34M$0.22$73.12M
Q1 '252025-03-31$212.24M$39.05M$0.37$67.88M
Q4 '242024-12-31$132.20M$45.88M$0.44$75.74M
Q3 '242024-09-30$231.36M$22.51M$0.21$56.20M
Q2 '242024-06-30$218.69M$-68.72M$-0.66$71.60M
Q1 '242024-03-31$215.80M$21.30M$0.20$51.96M
Q4 '232023-12-31$223.12M$-23.74M$-0.20$2.50M
Q3 '232023-09-30$219.42M$22.30M$0.17$26.35M
Q2 2026 • period ending 2026-06-30 • filed 2026-08-06
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
18.78
P/B
12.62
P/S
3.54
EV/EBITDA
10.50
EV/Sales
3.41
ROE
66.6%
ROA
31.7%
Div Yield
0.00%
FCF Yield
9.55%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$3.34B
as of 2026-11-09

CARG vs Peers

Related companies, largest first
Company Market cap P/E Revenue growth YTD IV rank
AAPL Apple Inc. $4.98T 39.1 +15.1% +29.4% 10
NVDA Nvidia Corp $4.51T 22.6 +83.4% −5.4% 85
MSFT Microsoft Corp $3.94T 28.5 +17.9% +15.3% 10
GOOGL Alphabet Inc. Class A Common Stock $3.50T 15.0 +22.2% −8.6% 46
TSM Taiwan Semiconductor Manufacturing Compa $1.95T — — +21.6% 45
META Meta Platforms, Inc. Class A Common Stoc $1.56T 21.9 +27.5% −1.4% 29
MTCH Match Group, Inc $8.9B 13.4 +0.5% +23.8% 16
PPLI People Incorporated Common Stock $3.2B — — −0.4% 26
CARG CarGurus, Inc. Class A Common Stock $3.0B 18.8 +18.1% −8.2% 48
Peer median $2.72T 22.2 +20.0% +7.4% 27

P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.

Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
9.49M
SI % of Float
13.03%
Days to Cover
5.03
Short Vol Ratio
57.4%
Free Float
72.85M
Float %
96.7%
Short interest 2026-10-15 • Short volume 2026-11-09 • Float 2026-09-22