Recent Investment Analysts’ Ratings Changes for CarGurus (CARG)

A number of firms have modified their ratings and price targets on shares of CarGurus (NASDAQ: CARG) recently:

• 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 other CarGurus news, insider Jennifer Ladd Hanson sold 2,499 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $35.61, for a total transaction of $88,989.39. Following the transaction, the insider directly owned 98,191 shares in the company, valued at approximately $3,496,581.51. This represents a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Matthew Todd Quinn sold 4,341 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $33.04, for a total transaction of $143,426.64. Following the transaction, the chief technology officer owned 246,098 shares in the company, valued at approximately $8,131,077.92. The trade was a 1.73% decrease in their ownership of the stock. 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. Insiders have sold 12,852 shares of company stock worth $431,053 in the last 90 days. 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.