CarGurus (CARG) – Analysts’ Weekly Ratings Changes

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

• 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 AG 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 PLC 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”.
• 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.

Insiders Place Their Bets

In other CarGurus news, Director Greg Schwartz sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $36.07, for a total value of $360,700.00. Following the completion of the transaction, the director owned 8,716 shares in the company, valued at $314,386.12. This trade represents a 53.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ismail Elshareef sold 2,673 shares of the company’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $29.62, for a total transaction of $79,174.26. Following the completion of the transaction, the insider directly owned 127,933 shares in the company, valued at approximately $3,789,375.46. The trade was a 2.05% 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. Insiders sold a total of 68,187 shares of company stock worth $2,388,447 in the last ninety days. 18.19% of the stock is owned by corporate insiders.

CarGurus, Inc is a digital automotive marketplace that connects consumers with dealerships and private sellers offering new and used vehicles. Its platform enables shoppers to search vehicle listings, compare prices and features, review dealership information, and evaluate vehicle deals using data-driven tools. CarGurus generates revenue primarily by providing automotive dealers with listing, advertising, and other digital marketing services.

The company also offers products designed to help dealers attract shoppers, manage vehicle listings, and support the online and in-person vehicle-buying process.