CarGurus Inc’s recent filing unveils that its Executive Chair Steinert Langley unloaded Company’s shares for reported $0.58 million on May 07 ’25. In the deal valued at $28.17 per share,20,640 shares were sold. As a result of this transaction, Steinert Langley now holds 754,957 shares worth roughly $23.46 million.
Then, Steinert Langley sold 18,588 shares, generating $520,769 in total proceeds. Upon selling the shares at $28.02, the Executive Chair now owns 775,597 shares.
Before that, Steinert Langley sold 2,291 shares. CarGurus Inc shares valued at $64,537 were divested by the Executive Chair at a price of $28.17 per share. As a result of the transaction, Steinert Langley now holds 28,846 shares, worth roughly $0.9 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 Friday, CarGurus Inc [NASDAQ:CARG] saw its stock jump 11.20% to $31.08. Over the last five days, the stock has gained 10.25%. CarGurus Inc shares have fallen nearly -14.94% since the year began. Nevertheless, the stocks have risen 37.46% over the past one year. While a 52-week high of $41.33 was reached on 01/30/25, a 52-week low of $21.65 was recorded on 04/07/25. SMA at 50 days reached $29.06, while 200 days put it at $31.95.
Levels Of Support And Resistance For CARG Stock
The 24-hour chart illustrates a support level at 30.39, which if violated will result in even more drops to 29.69. On the upside, there is a resistance level at 31.91. A further resistance level may holdings at 32.74. The Relative Strength Index (RSI) on the 14-day chart is 65.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.61%. Stochastics %K at 82.67% indicates the stock is a selling.
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.
