In a filing, CarGurus Inc revealed its Affiliate Comet Foundation acquired Company’s shares for reported $3.72 million on Mar 17 ’25. In the deal valued at $30.78 per share,120,966 shares were bought.
Then, Langley Steinert Irrevocable F bought 77,050 shares, generating $2,371,599 in total proceeds.
Before that, Langley Steinert bought 693,445 shares. CarGurus Inc shares valued at $21,344,237 were divested by the Affiliate at a price of $30.78 per share.
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 jump 1.14% to $31.13. Over the last five days, the stock has gained 0.81%. CarGurus Inc shares have fallen nearly -14.81% since the year began. Nevertheless, the stocks have risen 37.02% 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 $35.99, while 200 days put it at $31.39.
Levels Of Support And Resistance For CARG Stock
The 24-hour chart illustrates a support level at 30.69, which if violated will result in even more drops to 30.25. On the upside, there is a resistance level at 31.52. A further resistance level may holdings at 31.90. The Relative Strength Index (RSI) on the 14-day chart is 38.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.41%. Stochastics %K at 28.15% indicates the stock is a holding.
How much short interest is there in CarGurus Inc?
A steep rise in short interest was recorded in CarGurus Inc stocks on 2025-02-28, growing by 0.18 million shares to a total of 5.5 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 5.32 million shares. There was a rise of 3.36%, which implies that there is a positive sentiment for the stock.
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.
