Weekly Analysts’ Ratings Changes for CarGurus (CARG)

Several brokerages have updated their recommendations and price targets on shares of CarGurus (NASDAQ: CARG) in the last few weeks:

• 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.

Insiders Place Their Bets

In other CarGurus news, insider Jennifer Ladd Hanson sold 2,499 shares of CarGurus stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $35.61, for a total value of $88,989.39. Following the completion of the sale, the insider owned 98,191 shares of the company’s stock, valued at approximately $3,496,581.51. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Matthew Todd Quinn sold 4,341 shares of CarGurus stock in a transaction on Thursday, April 2nd. The stock was 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 directly owned 246,098 shares of the company’s stock, valued at approximately $8,131,077.92. The trade was a 1.73% 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. In the last quarter, insiders sold 12,852 shares of company stock valued at $431,053. Corporate insiders own 16.99% 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.