UBS Group Issues Pessimistic Forecast for CarGurus (NASDAQ:CARG) Stock Price

Posted by Brian Himes on Oct 7th, 2026

CarGurus (NASDAQ:CARG – Get Free Report) had its price target reduced by research analysts at UBS Group from $40.00 to $35.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 21.65% from the stock’s current price.

Several other research firms have also commented on CARG. Wall Street Zen lowered shares of CarGurus from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada lifted their price objective on shares of CarGurus from $35.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Citigroup boosted their price objective on shares of CarGurus from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th. Oppenheimer increased their target price on CarGurus from $38.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Finally, Freedom Capital upgraded CarGurus to a “strong-buy” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, CarGurus has a consensus rating of “Moderate Buy” and a consensus price target of $39.95.

View Our Latest Research Report on CarGurus

CarGurus Trading Up 0.1%

Shares of CARG traded up $0.04 during midday trading on Wednesday, reaching $28.77. 2,403,873 shares of the stock were exchanged, compared to its average volume of 1,260,384. The company has a market capitalization of $2.56 billion, a P/E ratio of 15.64, a PEG ratio of 1.04 and a beta of 1.22. CarGurus has a 52 week low of $26.39 and a 52 week high of $41.22. The company’s 50 day moving average is $34.54 and its two-hundred day moving average is $33.54.

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

Insider Activity

In other news, insider Ismail Elshareef sold 2,673 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $29.62, for a total value of $79,174.26. Following the completion of the sale, the insider owned 127,933 shares of the company’s stock, valued at $3,789,375.46. This trade represents a 2.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CMO Dafna Sarnoff sold 7,234 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $29.62, for a total value of $214,271.08. Following the transaction, the chief marketing officer owned 94,884 shares in the company, valued at approximately $2,810,464.08. This trade represents a 7.08% 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. In the last 90 days, insiders have sold 68,187 shares of company stock worth $2,388,447. Company insiders own 18.19% of the company’s stock.

Hedge Funds Weigh In On CarGurus

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of CarGurus in the 2nd quarter valued at approximately $43,000. Versant Capital Management Inc grew its position in CarGurus by 20.2% during the 3rd quarter. Versant Capital Management Inc now owns 2,325 shares of the company’s stock worth $72,000 after purchasing an additional 391 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in CarGurus by 356.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock worth $83,000 after purchasing an additional 1,697 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in CarGurus by 28.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,778 shares of the company’s stock valued at $129,000 after purchasing an additional 834 shares in the last quarter. Finally, Nykredit A S purchased a new position in shares of CarGurus in the second quarter worth $183,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

About CarGurus

(Get Free Report)

CarGurus, Inc is a digital automotive marketplace that connects consumers with dealerships and private sellers offering new and used vehicles. Its platform enables shoppers to search vehicle listings, compare prices and features, review dealership information, and evaluate vehicle deals using data-driven tools. CarGurus generates revenue primarily by providing automotive dealers with listing, advertising, and other digital marketing services.

The company also offers products designed to help dealers attract shoppers, manage vehicle listings, and support the online and in-person vehicle-buying process.