CarGurus, Inc. (NASDAQ:CARG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Posted by Geri Gentry on Aug 3rd, 2026

CarGurus, Inc. (NASDAQ:CARG – Get Free Report) has been given an average recommendation of “Moderate Buy” by the fourteen research firms that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $38.55.

CARG has been the topic of several recent analyst reports. Weiss Ratings downgraded CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Citigroup assumed coverage on CarGurus in a report on Friday, June 12th. They set a “buy” rating on the stock. JPMorgan Chase & Co. increased their price objective on CarGurus from $36.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Needham & Company LLC lifted their target price on shares of CarGurus from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, May 8th.

Check Out Our Latest Stock Analysis on CARG

Insider Buying and Selling

In related news, General Counsel Javier Zamora sold 3,533 shares of CarGurus stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $36.06, for a total transaction of $127,399.98. Following the completion of the sale, the general counsel owned 88,345 shares of the company’s stock, valued at approximately $3,185,720.70. This trade represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Matthew Todd Quinn sold 3,824 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $35.03, for a total value of $133,954.72. Following the completion of the transaction, the chief technology officer owned 233,146 shares in the company, valued at $8,167,104.38. This trade represents a 1.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 25,559 shares of company stock worth $841,568. Corporate insiders own 18.19% of the company’s stock.

Institutional Investors Weigh In On CarGurus

Several institutional investors and hedge funds have recently modified their holdings of the business. Brown Brothers Harriman & Co. acquired a new position in CarGurus during the third quarter worth $46,000. Torren Management LLC bought a new stake in shares of CarGurus during the 4th quarter worth about $49,000. EverSource Wealth Advisors LLC increased its holdings in shares of CarGurus by 491.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after acquiring an additional 1,362 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of CarGurus by 321.2% during the 4th quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock valued at $82,000 after acquiring an additional 1,622 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in CarGurus by 356.5% during the fourth 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 period. Institutional investors and hedge funds own 86.90% of the company’s stock.

CarGurus Price Performance

CARG stock opened at $36.24 on Monday. CarGurus has a fifty-two week low of $26.39 and a fifty-two week high of $39.42. The firm’s 50-day simple moving average is $32.03 and its 200 day simple moving average is $32.56. The stock has a market cap of $3.27 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.32 and a beta of 1.17.

CarGurus (NASDAQ:CARG – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The firm had revenue of $243.56 million during the quarter, compared to analyst estimates of $243.10 million. During the same period in the previous year, the business posted $0.46 EPS. CarGurus’s revenue was up 8.2% on a year-over-year basis. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. Equities analysts forecast that CarGurus will post 2.11 EPS for the current fiscal year.

About CarGurus

(Get Free Report)

CarGurus, Inc operates an online automotive marketplace designed to connect buyers and sellers of new and used vehicles. Through its proprietary search engine and data-driven pricing tools, the platform enables consumers to compare listings, assess fair market values and locate local dealers offering competitive deals. CarGurus also provides detailed vehicle history reports, dealer reviews and financing options to streamline the car-shopping process for both private parties and franchised dealerships.

The company’s core product offerings include Instant Market Value (IMV), which leverages pricing algorithms to help buyers identify over- or under-priced vehicles, as well as dealer subscription services that grant automotive retailers access to lead generation tools, targeted advertising and dynamic pricing insights.