Weekly Analysts’ Ratings Changes for CarGurus (CARG)

Several analysts have recently updated their ratings and price targets for CarGurus (NASDAQ: CARG):

• 8/22/2026 – CarGurus was upgraded by Wall Street Zen from “hold” to “buy”.
• 8/21/2026 – CarGurus was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 8/14/2026 – CarGurus had its price target raised by Citigroup Inc. from $32.00 to $39.00. They now have a “neutral” rating on the stock.
• 8/12/2026 – CarGurus had its price target raised by Oppenheimer Holdings, Inc. from $38.00 to $44.00. They now have an “outperform” rating on the stock.
• 8/10/2026 – CarGurus had its price target raised by Barclays PLC from $40.00 to $41.00. They now have an “overweight” rating on the stock.
• 8/8/2026 – CarGurus was downgraded by Wall Street Zen from “buy” to “hold”.
• 8/7/2026 – CarGurus had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 8/7/2026 – CarGurus had its price target raised by UBS Group AG from $37.00 to $40.00. They now have a “neutral” rating on the stock.
• 8/7/2026 – CarGurus had its “buy” rating reaffirmed by B. Riley Financial, Inc..
• 8/7/2026 – CarGurus had its price target raised by Royal Bank Of Canada from $35.00 to $42.00. They now have an “outperform” rating on the stock.
• 8/7/2026 – CarGurus had its price target raised by BTIG Research from $40.00 to $41.00. They now have a “buy” rating on the stock.
• 8/7/2026 – CarGurus had its price target raised by Needham & Company LLC from $43.00 to $44.00. They now have a “buy” rating on the stock.
• 7/21/2026 – CarGurus had its price target raised by Barclays PLC from $35.00 to $40.00. They now have an “overweight” rating on the stock.
• 6/27/2026 – CarGurus was upgraded by Wall Street Zen from “hold” to “buy”.

Insider Activity at CarGurus

In other news, General Counsel Javier Zamora sold 6,205 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $37.08, for a total value of $230,081.40. Following the completion of the sale, the general counsel directly owned 80,260 shares of the company’s stock, valued at $2,976,040.80. This represents a 7.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 on Thursday, August 13th. The shares were 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 $4,057,716. The trade was a 13.52% 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. Insiders have sold 60,015 shares of company stock worth $2,112,102 in the last 90 days. Insiders own 18.19% of the company’s stock.

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.