CarGurus (NASDAQ:CARG) Price Target Cut to $38.00 by Analysts at Oppenheimer

CarGurus (NASDAQ:CARG) had its price target reduced by Oppenheimer from $40.00 to $38.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

CARG has been the topic of a number of other research reports. Citigroup raised their price objective on shares of CarGurus from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Needham & Company LLC dropped their target price on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of CarGurus in a research report on Monday, December 29th. Wall Street Zen lowered CarGurus from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Finally, DA Davidson cut their target price on CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $38.14.

CarGurus Price Performance

Shares of CARG opened at $28.98 on Tuesday. The firm has a 50-day simple moving average of $33.88 and a two-hundred day simple moving average of $34.82. The stock has a market cap of $2.77 billion, a PE ratio of 18.70, a P/E/G ratio of 1.05 and a beta of 1.35. CarGurus has a 1-year low of $24.65 and a 1-year high of $39.42.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $209.09 million for the quarter, compared to the consensus estimate of $239.07 million. CarGurus had a return on equity of 47.50% and a net margin of 16.60%.The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. As a group, sell-side analysts expect that CarGurus will post 1.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jason Trevisan sold 20,000 shares of CarGurus stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $37.00, for a total value of $740,000.00. Following the sale, the chief executive officer directly owned 655,483 shares in the company, valued at $24,252,871. The trade was a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ismail Elshareef sold 1,645 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $32.21, for a total value of $52,985.45. Following the completion of the transaction, the insider owned 91,822 shares of the company’s stock, valued at $2,957,586.62. The trade was a 1.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 49,003 shares of company stock valued at $1,858,494 over the last ninety days. Corporate insiders own 17.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of CarGurus during the second quarter valued at approximately $27,000. MAI Capital Management raised its holdings in CarGurus by 661.0% in the 2nd quarter. MAI Capital Management now owns 1,172 shares of the company’s stock valued at $39,000 after acquiring an additional 1,018 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of CarGurus by 71.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock worth $40,000 after purchasing an additional 443 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of CarGurus during the third quarter worth $46,000. Finally, Torren Management LLC purchased a new stake in shares of CarGurus in the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

CarGurus News Summary

Here are the key news stories impacting CarGurus this week:

• Positive Sentiment: Company fundamentals and shareholder returns — CarGurus reported 14% revenue growth to $907M and expanded its dealer network and retention, with robust adjusted EBITDA growth and $350M in buybacks in 2025; management also authorized a new $250M repurchase program through 2026. Article Title
• Positive Sentiment: Analyst/supportive research easing fears — Huber Research defended the name and noted easing AI concerns, which helped lift sentiment after recent volatility. Article Title
• Positive Sentiment: Bullish research/features — Recent analyst and industry write-ups describe CarGurus as an attractive value-growth setup driven by AI product initiatives and a lean marketplace model, reinforcing positive investor thesis. Article Title
• Neutral Sentiment: Valuation coverage and mixed analyst moves — Oppenheimer trimmed its price target slightly (from $40 to $38) but kept an outperform view; broader coverage includes valuation pieces weighing recent share weakness. These are informative but not decisively bullish or bearish. Article Title
• Negative Sentiment: Data breach/extortion claims — Multiple outlets report an extortion group (ShinyHunters) claiming to have copied ~12.4–12.5M CarGurus user records. Headlines like these create regulatory, remediation and reputational risk that can pressure the stock. Article Title
• Negative Sentiment: Security coverage from tech outlets — BleepingComputer and others provide additional technical detail and reporting on the alleged leak, increasing the likelihood investors will demand clarity on scope, impact and remediation. Article Title
• Negative Sentiment: Analyst target cuts — Royal Bank of Canada and DA Davidson trimmed their price targets to $34.00 and $33.50 respectively, which is downward pressure on sentiment and may cap near-term upside until clarity on the breach and guidance is provided. RBC Cut DA Davidson Cut

About CarGurus

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.