In a filing, CarGurus Inc revealed its CFO and Treasurer Palazzo Elisa unloaded Company’s shares for reported $0.13 million on Mar 06 ’25. In the deal valued at $31.93 per share,3,973 shares were sold. As a result of this transaction, Palazzo Elisa now holds 78,851 shares worth roughly $2.43 million.
Then, Palazzo Elisa bought 3,973 shares, generating $126,868 in total proceeds.
Before that, Sarnoff Dafna sold 1,759 shares. CarGurus Inc shares valued at $56,552 were divested by the Chief Marketing Officer at a price of $32.15 per share. As a result of the transaction, Sarnoff Dafna now holds 92,509 shares, worth roughly $2.86 million.
Needham reiterated its CarGurus Inc [CARG] rating to a Buy in a research note published on January 16, 2025; the price target was $45. A number of analysts have revised their coverage, including JMP Securities’s analysts, who increased its forecast for the stock in early June from “a Mkt perform” to “a Mkt outperform”. Needham also remained covering CARG and reiterated its “Buy” recommendation on February 27, 2024. UBS started covering the stock on September 15, 2023. It rated CARG as “a Neutral”.
Price Performance Review of CARG
On Monday, CarGurus Inc [NASDAQ:CARG] saw its stock fall -2.43% to $30.88. Over the last five days, the stock has lost -3.14%. CarGurus Inc shares have fallen nearly -15.49% since the year began. Nevertheless, the stocks have risen 36.94% over the past one year. While a 52-week high of $41.33 was reached on 01/30/25, a 52-week low of $21.18 was recorded on 02/24/25. SMA at 50 days reached $36.57, while 200 days put it at $31.20.
Levels Of Support And Resistance For CARG Stock
The 24-hour chart illustrates a support level at 30.48, which if violated will result in even more drops to 30.09. On the upside, there is a resistance level at 31.48. A further resistance level may holdings at 32.09. The Relative Strength Index (RSI) on the 14-day chart is 32.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.64%. Stochastics %K at 17.70% indicates the stock is a buying.
The most recent change occurred on July 20, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $28 price target.
