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CarGurus, Inc.

CARG · NASDAQ

Market closed$35.00$-1.02 (-2.83%)After hours $35.00 · 0.00%

Key statistics

Previous close$36.02
Open$35.73
Day high$35.97
Day low$34.87
52-week high$39.42
52-week low$26.39
Market cap3.38B
Volume1.36M
Average volume1.42M
P/E ratio14.89
Forward P/E11.21
EPS2.35
Dividend yield0.00%

Market context

Why it moved

CarGurus shares declined as broader market sentiment was weighed down by escalating U.S.-Iran military hostilities disrupting global oil supply through the Strait of Hormuz, creating macroeconomic uncertainty that pressured consumer-facing and auto-related stocks, despite insider buying and the company's recent better-than-expected earnings results.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026CarGurus closed down nearly 3% as broader consumer discretionary names faced pressure from a risk-off market environment, with the XLY sector ETF also retreating amid escalating U.S.-Iran tensions and a deteriorating AI sentiment narrative that weighed on the Nasdaq. The stock's pullback comes just days after a sharp 4.8% rebound on July 15, driven by investor optimism over CarGurus' newly implemented mandatory fee disclosure rules for dealers — a policy Wall Street views as a long-term trust-builder with car shoppers. Meanwhile, a JPMorgan downgrade of rival Cars.com to Neutral with a $10 price target adds a cautious backdrop for the online auto marketplace space, even as CarGurus' GF Value of $40.61 suggests the stock may still trade at a meaningful discount to intrinsic value.

-2.8318

July 16, 2026CarGurus edged higher on Thursday, closing up about 1%, as investor sentiment recovered following the prior session's strong 4.8% surge tied to Wall Street's positive reaction to the company's newly implemented mandatory fee disclosure rules for dealers. The policy shift, which enforces greater pricing transparency on its platform, initially drew concern last week over near-term dealer friction but has since been reframed as a trust-building catalyst. The broader consumer discretionary sector faced some pressure amid tech-led market softness, but CarGurus outperformed on continued optimism around its platform evolution.

1.0095

July 14, 2026CarGurus edged modestly higher, outperforming its peer America's Car-Mart (CRMT), which posted a $139M fiscal 2026 loss and flagged going concern doubts after cutting active stores from 154 to 94. The broader auto marketplace space is finding support from an industry survey showing 88% of OEM executives expect dealership buy/sell activity to accelerate or hold steady, with AI increasingly seen as a dealership profitability driver — a tailwind for CarGurus' marketplace model. The stock's resilience comes despite a mixed macro backdrop of Iran-driven oil price spikes and Fed rate hike uncertainty, while analysts maintain a Moderate Buy consensus with a $37.77 target after CarGurus beat Q1 estimates with EPS of $0.58 and 8.2% revenue growth.

0.8889

July 14, 2026CarGurus closed modestly lower as broader market weakness weighed on consumer cyclical stocks, with the S&P 500 and Nasdaq declining amid renewed U.S.-Iran tensions that sent oil prices surging roughly 5% and rattled investor sentiment ahead of Q2 earnings season. The online auto marketplace trades at a "Moderate Buy" consensus with a $37.77 average analyst price target, supported by a solid Q1 beat — EPS of $0.58 on revenue of $243.56M, up 8.2% year-over-year — though insider selling and institutional stake reductions add a cautious overlay as the broader consumer cyclical sector faces headwinds from rising energy costs and macro uncertainty.

-1.258

July 10, 2026CarGurus edged lower in regular trading and extended the decline in after-hours, underperforming the consumer cyclical sector (XLY) as geopolitical uncertainty from the U.S.-Iran conflict continued to weigh on discretionary names. Analyst sentiment remains cautiously constructive — the stock holds a consensus 'Moderate Buy' from 15 brokerages with an average price target of ~$37.77, well above current levels — following a Q1 earnings beat ($0.58 EPS vs. $0.56 est.) and 8.2% revenue growth. Meanwhile, rival Cars.com earned a Zacks 'Strong Sell' designation and a JPMorgan downgrade to Neutral, highlighting selective pressure across auto marketplace peers.

-0.9275

July 9, 2026CarGurus edged higher on Thursday, modestly outperforming the broader consumer cyclical sector as investors weighed a constructive analyst backdrop against ongoing macro headwinds. The stock holds a consensus "Moderate Buy" rating from 15 brokerages with an average price target of $37.77, supported by a Q1 beat ($0.58 EPS vs. $0.56 expected) and 8.2% year-over-year revenue growth. Recent 10b5-1 insider sales by several executives—including the General Counsel, CTO, and Chief People Officer—were pre-arranged and represent modest fractions of their holdings, limiting concern. Peer Cars.com faced a JPMorgan downgrade to Neutral amid macro caution, while broader markets navigated renewed U.S.-Iran geopolitical tensions and oil price volatility.

0.9067

July 9, 2026CarGurus declined amid a broad risk-off session after President Trump declared the U.S.-Iran ceasefire 'over,' sending oil prices surging over 5% and dragging consumer cyclical stocks lower — the sector ETF (XLY) also fell on the day. The macro headwinds compounded a backdrop of multiple insider sales disclosed earlier in the week, with the General Counsel, CTO, and Chief People Officer all executing pre-planned Rule 10b5-1 sales around $35–$36, though the company continues to trade near its 52-week highs following a strong Q1 2026 earnings beat and recent analyst upgrades from Needham (Buy, $43 PT) and Freedom Broker (Buy, $40 PT).

-2.0905

July 7, 2026CarGurus closed down about 2% amid a broader pullback in U.S. equities, with the S&P 500 and consumer discretionary sector (XLY) also retreating on the day. The decline came on elevated volume — nearly double the average — suggesting some institutional repositioning. Despite the session's weakness, the broader backdrop for CarGurus remains constructive: the company beat Q1 2026 estimates with EPS of $0.58 vs. $0.56 expected and revenue up 8.2% YoY, while analyst consensus sits at a Moderate Buy with a $37.77 price target. Separately, easing auto import tariffs have been flagged as a potential tailwind for online used-car platforms like CarGurus, as cheaper vehicles could drive higher marketplace activity.

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MarketBeat · July 18, 2026Bessemer Group Inc. Raises Position in CarGurus, Inc. $CARGCar Dealership Guy News · July 17, 2026Stellantis sends infraction letters to some dealers + Bulk of CarGurus listings now include disclosed feesGuruFocus · July 16, 2026A Look at CarGurus Inc (CARG) After 4.8% Gain -- GF Value $40.61 vs Price $35.67Motoring Research · July 14, 2026CarGurus creates an AI-powered car shopping toolSimply Wall Street · July 12, 2026CarGurus (CARG) Rebounds Sharply, Is It Still Cheap?CBT News · June 26, 2026CarGurus to require fee disclosure for used vehicle listings beginning July 14Stock Titan · May 11, 2026CarGurus CEO joins J.P. Morgan tech and media conferenceStock Titan · April 20, 2026Car shopping site CarGurus sets May 7 earnings release, 5 p.m. call
Benzinga · May 28, 2026Barclays Initiates Coverage On CarGurus with Overweight Rating, Announces Price Target of $35
Mt Newswire · May 28, 2026Barclays Initiates CarGurus at Overweight With $35 Price Target
Mt Newswire · May 11, 2026CarGurus' Growth, AI Tools Support Positive Outlook, RBC Says
Benzinga · May 11, 2026RBC Capital Maintains Outperform on CarGurus, Raises Price Target to $35
Mt Newswire · May 11, 2026RBC Capital Adjusts CarGurus Price Target to $35 From $34, Maintains Outperform Rating
Benzinga · May 8, 2026UBS Maintains Neutral on CarGurus, Raises Price Target to $37
Benzinga · May 8, 2026JP Morgan Maintains Neutral on CarGurus, Raises Price Target to $38
Mt Newswire · May 8, 2026CarGurus Shares Fall Despite Q1 Results Edging Above Estimates

Peers

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