Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CarGurus Inc shares valued at $126,858 were sold by Palazzo Elisa on Mar 06 ’25. At $31.93 per share, Palazzo Elisa sold 3,973 shares. The insider’s holdings dropped to 78,851 shares worth approximately $2.38 million following the completion of this transaction.
Also, Palazzo Elisa purchased 3,973 shares, netting a total of over 126,868 in proceeds.
Before that, Sarnoff Dafna had sold 1,759 shares from its account. In a trade valued at $56,552, the Chief Marketing Officer traded CarGurus Inc shares for $32.15 each. Upon closing the transaction, the insider’s holdings decreased to 1,759 shares, worth approximately $2.79 million.
As published in a research note from Needham on January 16, 2025, CarGurus Inc [CARG] has been retained to a Buy and the price target has been revised to $45. Analysts at JMP Securities upgraded the stock from ‘”a Mkt perform”‘ to ‘”a Mkt outperform”‘ outlook in a report released in early June. As of February 27, 2024, Needham has reiterated its “Buy” rating for CARG. Earlier on September 15, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for CARG stock.
Analyzing CARG Stock Performance
During the last five days, there has been a drop of approximately -2.93%. Over the course of the year, CarGurus Inc shares have dropped approximately -17.52%. Shares of the company reached a 52-week high of $41.33 on 01/30/25 and a 52-week low of $29.28 on 02/24/25. A 50-day SMA is recorded $36.22, while a 200-day SMA reached $31.31.
Support And Resistance Levels for CarGurus Inc (CARG)
According to the 24-hour chart, there is a support level at 29.61, which, if violated, would cause prices to drop to 29.09. In the upper region, resistance lies at 31.10. The next price resistance is at 32.06. RSI (Relative Strength Index) is 32.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 76.94%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
