A number of research firms have changed their ratings and price targets for CarGurus (NASDAQ: CARG):
- 10/23/2026 – CarGurus was downgraded by Weiss Ratings from “buy (b-)” to “hold (c+)”.
- 10/8/2026 – CarGurus was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
- 10/7/2026 – CarGurus had its price target lowered by UBS Group from $40.00 to $35.00. They now have a “neutral” rating on the stock.
- 10/6/2026 – CarGurus had its price target lowered by Barclays from $41.00 to $38.00. They now have an “overweight” rating on the stock.
- 10/3/2026 – CarGurus was downgraded by Wall Street Zen from “buy” to “hold”.
Insiders Place Their Bets
In related news, Director Greg M. Schwartz sold 10,000 shares of CarGurus stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $36.07, for a total value of $360,700.00. Following the sale, the director owned 8,716 shares of the company’s stock, valued at approximately $314,386.12. This trade represents a 53.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Dafna Sarnoff sold 7,234 shares of the business’s stock in a transaction that occurred 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 sale, the chief marketing officer owned 94,884 shares of the company’s stock, valued at approximately $2,810,464.08. This trade represents a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 78,187 shares of company stock valued at $2,691,547. 18.19% of the stock is owned by insiders.
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 vehicle and dealer information, and contact sellers. CarGurus generates revenue primarily by providing dealers with digital listing, advertising and marketing products designed to help them reach potential buyers.
The company also offers tools intended to support automotive retailers’ online operations, including inventory merchandising, lead generation and digital retailing capabilities.
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