CarGurus, Inc. (NASDAQ:CARG) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Posted by Geri Gentry on Sep 29th, 2026

Shares of CarGurus, Inc. (NASDAQ:CARG – Get Free Report) have earned an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $40.75.

A number of equities analysts recently weighed in on the company. Freedom Capital raised CarGurus to a “strong-buy” rating in a research note on Friday, June 12th. Wall Street Zen raised shares of CarGurus from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Citigroup raised their target price on shares of CarGurus from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. BTIG Research boosted their price target on shares of CarGurus from $40.00 to $41.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, B. Riley Financial restated a “buy” rating on shares of CarGurus in a research report on Friday, August 7th.

Check Out Our Latest Report on CarGurus

Insider Activity at CarGurus

In other news, Director Greg M. Schwartz sold 10,000 shares of CarGurus stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $36.07, for a total transaction of $360,700.00. Following the transaction, the director owned 8,716 shares in the company, valued at approximately $314,386.12. The trade was a 53.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Javier Zamora sold 6,205 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $37.08, for a total value of $230,081.40. Following the transaction, the general counsel directly owned 80,260 shares in the company, valued at $2,976,040.80. The trade was a 7.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 64,879 shares of company stock worth $2,349,317. Insiders own 18.19% of the company’s stock.

Hedge Funds Weigh In On CarGurus

A number of large investors have recently made changes to their positions in CARG. Tidal Investments LLC boosted its holdings in shares of CarGurus by 16.0% during the second quarter. Tidal Investments LLC now owns 61,437 shares of the company’s stock worth $2,094,000 after purchasing an additional 8,468 shares during the period. RFG Advisory LLC acquired a new position in CarGurus in the 2nd quarter valued at approximately $1,421,000. Squarepoint Ops LLC acquired a new position in CarGurus in the 2nd quarter valued at approximately $288,000. Nykredit A S purchased a new stake in CarGurus in the 2nd quarter worth approximately $183,000. Finally, Corient Private Wealth LP lifted its position in CarGurus by 657.4% in the 2nd quarter. Corient Private Wealth LP now owns 183,666 shares of the company’s stock worth $6,261,000 after buying an additional 159,416 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

CarGurus Stock Performance

Shares of NASDAQ:CARG opened at $30.81 on Tuesday. CarGurus has a one year low of $26.39 and a one year high of $41.22. The stock has a fifty day moving average of $35.06 and a 200-day moving average of $33.63. The company has a market capitalization of $2.74 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.11 and a beta of 1.16.

CarGurus (NASDAQ:CARG – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. The business had revenue of $250.97 million for the quarter, compared to analysts’ expectations of $249.85 million. CarGurus had a return on equity of 62.88% and a net margin of 18.06%.The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 EPS. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. As a group, research analysts forecast that CarGurus will post 2.17 EPS for the current fiscal year.

About CarGurus

(Get Free Report)

CarGurus, Inc operates an online automotive marketplace that connects consumers with automobile dealers and private sellers. Its platform enables shoppers to search for new and used vehicles, compare listings, evaluate pricing and vehicle details, and contact sellers. CarGurus generates revenue primarily by providing dealers with digital advertising and marketing products designed to help them display inventory and reach prospective buyers.

The company also provides tools and services intended to support automotive retailers throughout the vehicle-shopping process, including inventory merchandising, lead generation, pricing insights and digital retail capabilities.