CarGurus Inc’s recent filing unveils that its Chief Marketing Officer Sarnoff Dafna unloaded Company’s shares for reported $0.16 million on Apr 02 ’25. In the deal valued at $28.63 per share,5,445 shares were sold. As a result of this transaction, Sarnoff Dafna now holds 127,889 shares worth roughly $3.29 million.
Then, Quinn Matthew Todd sold 4,393 shares, generating $125,772 in total proceeds. Upon selling the shares at $28.63, the Chief Technology Officer now owns 229,124 shares.
Before that, Hallowell Zachary Emerson sold 4,892 shares. CarGurus Inc shares valued at $140,058 were divested by the CEO, CarOffer at a price of $28.63 per share. As a result of the transaction, Hallowell Zachary Emerson now holds 134,238 shares, worth roughly $3.46 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 fall -2.02% to $25.76. Over the last five days, the stock has lost -11.57%. CarGurus Inc shares have fallen nearly -29.50% since the year began. Nevertheless, the stocks have risen 12.74% 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 04/07/25. SMA at 50 days reached $33.64, while 200 days put it at $31.70.
Levels Of Support And Resistance For CARG Stock
The 24-hour chart illustrates a support level at 24.41, which if violated will result in even more drops to 23.05. On the upside, there is a resistance level at 27.36. A further resistance level may holdings at 28.95. The Relative Strength Index (RSI) on the 14-day chart is 26.28, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.96%. Stochastics %K at 11.11% indicates the stock is a buying.
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.
