CarGurus, Inc. (NASDAQ:CARG) Given Average Recommendation of “Moderate Buy” by Brokerages

Posted by George Bondi on Aug 28th, 2026

Shares of CarGurus, Inc. (NASDAQ:CARG – Get Free Report) have received an average rating of “Moderate Buy” from the fifteen analysts that are presently covering the company, Marketbeat.com reports. Seven 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 analysts that have covered the stock in the last year is $40.75.

Several brokerages have recently weighed in on CARG. Weiss Ratings upgraded shares of CarGurus from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. B. Riley Financial restated a “buy” rating on shares of CarGurus in a research note on Friday, August 7th. Barclays raised their target price on CarGurus from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Royal Bank Of Canada boosted their price target on CarGurus from $35.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, BTIG Research upped their price target on CarGurus from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, August 7th.

Get Our Latest Stock Report on CARG

CarGurus Stock Up 0.4%

Shares of NASDAQ:CARG opened at $36.36 on Friday. The stock has a market capitalization of $3.24 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The firm’s 50 day moving average price is $35.22 and its 200-day moving average price is $33.10. CarGurus has a twelve month low of $26.39 and a twelve month high of $41.22.

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

Insider Activity

In other CarGurus news, insider Jennifer Ladd Hanson sold 2,499 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $34.56, for a total transaction of $86,365.44. Following the sale, the insider owned 92,894 shares in the company, valued at approximately $3,210,416.64. This trade represents a 2.62% decrease in their position. The transaction was disclosed in a legal filing 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, CMO Dafna Sarnoff sold 17,151 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $37.00, for a total transaction of $634,587.00. Following the sale, the chief marketing officer owned 109,668 shares in the company, valued at approximately $4,057,716. The trade was a 13.52% decrease in their position. 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 quarter, insiders sold 60,015 shares of company stock worth $2,112,102. 18.19% of the stock is currently owned by corporate insiders.

Institutional Trading of CarGurus

Hedge funds and other institutional investors have recently modified their holdings of the company. Horizon Investments LLC raised its position in shares of CarGurus by 2.0% during the 4th quarter. Horizon Investments LLC now owns 16,375 shares of the company’s stock valued at $628,000 after purchasing an additional 318 shares during the period. ProShare Advisors LLC lifted its stake in shares of CarGurus by 2.8% during the 4th quarter. ProShare Advisors LLC now owns 15,992 shares of the company’s stock valued at $613,000 after buying an additional 436 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in CarGurus by 4.2% in the 1st quarter. Ritholtz Wealth Management now owns 11,039 shares of the company’s stock worth $376,000 after buying an additional 449 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in CarGurus by 1.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 24,318 shares of the company’s stock worth $829,000 after buying an additional 459 shares during the period. Finally, HighTower Advisors LLC increased its stake in CarGurus by 7.8% in the 4th quarter. HighTower Advisors LLC now owns 7,094 shares of the company’s stock worth $272,000 after buying an additional 514 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

CarGurus Company Profile

(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.