The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. CarGurus Inc shares valued at $658,780 were sold by Steinert Langley on May 28 ’25. At $31.92 per share, Steinert Langley sold 20,639 shares. The insider’s holdings dropped to 582,271 shares worth approximately $18.32 million following the completion of this transaction.
Also, Steinert Langley sold 20,639 shares, netting a total of over 652,401 in proceeds. Following the sale of shares at $31.61 each, the insider now holds 602,910 shares.
Before that, Steinert Langley had sold 20,640 shares from its account. In a trade valued at $644,228, the Executive Chair traded CarGurus Inc shares for $31.21 each. Upon closing the transaction, the insider’s holdings decreased to 20,640 shares, worth approximately $19.62 million.
As published in a research note from JP Morgan on March 27, 2025, CarGurus Inc [CARG] has been rated down from an Overweight to a Neutral and the price target has been revised to $34 from $42. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in mid January. As of June 07, 2024, JMP Securities has increased its “Mkt perform” rating to a “Mkt outperform” for CARG. Earlier on February 27, 2024, Needham resumed its rating. Their recommendation was “a Buy” for CARG stock.
Analyzing CARG Stock Performance
During the last five days, there has been a drop of approximately -0.32%. Over the course of the year, CarGurus Inc shares have dropped approximately -13.90%. Shares of the company reached a 52-week high of $41.33 on 01/30/25 and a 52-week low of $24.65 on 04/07/25.
Support And Resistance Levels for CarGurus Inc (CARG)
According to the 24-hour chart, there is a support level at 31.06, which, if violated, would cause prices to drop to 30.66. In the upper region, resistance lies at 32.11. The next price resistance is at 32.77. RSI (Relative Strength Index) is 55.04 on the 14-day chart, showing neutral technical sentiment.
