In a filing, CarGurus Inc revealed its Executive Chair Steinert Langley unloaded Company’s shares for reported $0.65 million on Mar 26 ’25. In the deal valued at $31.33 per share,20,640 shares were sold. As a result of this transaction, Steinert Langley now holds 1,035,207 shares worth roughly $30.16 million.
Then, Steinert Langley sold 20,640 shares, generating $611,836 in total proceeds. Upon selling the shares at $29.64, the Executive Chair now owns 1,014,567 shares.
Before that, Steinert Langley sold 2,291 shares. CarGurus Inc shares valued at $71,782 were divested by the Executive Chair at a price of $31.33 per share. As a result of the transaction, Steinert Langley now holds 58,724 shares, worth roughly $1.71 million.
JP Morgan downgraded its CarGurus Inc [CARG] rating to a Neutral from a an Overweight in a research note published on March 27, 2025; the price target was decreased to $34 from $42. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in mid January has reiterated a ‘”a Buy”‘ rating for it. JMP Securities also remained covering CARG and has increased its forecast on June 07, 2024 with a “Mkt outperform” recommendation from previously “Mkt perform” rating. Needham maintained its rating on February 27, 2024. It rated CARG as “a Buy”.
Price Performance Review of CARG
On Monday, CarGurus Inc [NASDAQ:CARG] saw its stock jump 1.08% to $29.13. Over the last five days, the stock has lost -7.23%. CarGurus Inc shares have fallen nearly -20.28% since the year began. Nevertheless, the stocks have risen 26.65% 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 03/27/25. SMA at 50 days reached $34.74, while 200 days put it at $31.66.
Levels Of Support And Resistance For CARG Stock
The 24-hour chart illustrates a support level at 28.29, which if violated will result in even more drops to 27.44. On the upside, there is a resistance level at 29.69. A further resistance level may holdings at 30.24. The Relative Strength Index (RSI) on the 14-day chart is 36.06, 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 low at 69.20%. Stochastics %K at 32.63% 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 2025-03-14, growing by 1.02 million shares to a total of 6.35 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 5.34 million shares. There was a rise of 16.0%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 15, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $21 price target.
