Recent Research Analysts’ Ratings Changes for CarGurus (CARG)

CarGurus (NASDAQ: CARG) has recently received a number of price target changes and ratings updates:

• 6/13/2026 – CarGurus was downgraded by Wall Street Zen from “buy” to “hold”.
• 6/12/2026 – CarGurus is now covered by Citigroup Inc.. They set a “buy” rating on the stock.
• 6/12/2026 – CarGurus had its “sector weight” rating reaffirmed by Piper Sandler.
• 6/12/2026 – CarGurus was upgraded by Freedom Capital to “strong-buy”.
• 5/28/2026 – CarGurus was given a new $35.00 price target by UBS Group AG.
• 5/28/2026 – CarGurus is now covered by Barclays PLC. They set an “overweight” rating and a $35.00 price target on the stock.
• 5/28/2026 – CarGurus is now covered by Barclays PLC. They set an “overweight” rating and a $35.00 price target on the stock.
• 5/13/2026 – CarGurus was downgraded by Weiss Ratings from “hold (c+)” to “hold (c)”.
• 5/11/2026 – CarGurus had its price target raised by Royal Bank Of Canada from $34.00 to $35.00. They now have an “outperform” rating on the stock.
• 5/9/2026 – CarGurus was upgraded by Wall Street Zen from “hold” to “buy”.
• 5/8/2026 – CarGurus had its price target raised by UBS Group AG from $33.00 to $37.00. They now have a “neutral” rating on the stock.
• 5/8/2026 – CarGurus had its price target raised by JPMorgan Chase & Co. from $36.00 to $38.00. They now have a “neutral” rating on the stock.
• 5/8/2026 – CarGurus had its price target raised by Needham & Company LLC from $37.00 to $43.00. They now have a “buy” rating on the stock.

Insider Activity at CarGurus

In related news, CTO Matthew Todd Quinn sold 4,341 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $33.04, for a total value of $143,426.64. Following the completion of the sale, the chief technology officer owned 246,098 shares of the company’s stock, valued at $8,131,077.92. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jennifer Ladd Hanson sold 2,499 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $35.61, for a total transaction of $88,989.39. Following the completion of the sale, the insider directly owned 98,191 shares of the company’s stock, valued at approximately $3,496,581.51. This represents a 2.48% decrease in their position. 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 ninety days, insiders sold 20,924 shares of company stock worth $669,419. 16.99% of the stock is currently owned by company insiders.

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.