CarGurus Inc. Surpasses 200-Day Moving Average, Boosting CARG Shares

CarGurus Inc (CARG) shares broke above their 200-day moving average of $33.35, reaching $33.98. The stock is currently trading up 4.5% on the day. The 52-week range for CARG is between $24.65 and $41.33, with a last trade of $33.69. This indicates a bullish trend for the company.

CarGurus Inc (CARG) shares experienced a significant movement on Friday, breaking above their 200-day moving average of $33.35 and reaching a high of $33.98. This upward trend signifies a bullish sentiment among investors, as the stock is currently trading up 4.5% on the day. The 52-week range for CARG remains between $24.65 and $41.33, with the last trade at $33.69.

The move above the 200-day moving average indicates that CARG is potentially entering a period of sustained growth, as the moving average often serves as a key technical indicator. This bullish signal comes amid mixed analyst ratings, with seven analysts rating the stock as "Hold" and six rating it as "Buy" [1]. The average 1-year price target among these analysts is $38.1250.

Institutional investors have also shown interest in CARG, with several hedge funds increasing their stakes in the company during the first quarter. Principal Financial Group Inc, for instance, increased its position by 2.3% and now owns 482,484 shares worth $14,055,000 [1]. Additionally, insiders have been active in their trading, with General Counsel Javier Zamora selling 6,154 shares and COO Samuel Zales selling 10,000 shares in recent transactions [1].

CarGurus Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. The company reported earnings of $0.57 per share for the latest quarter, beating the consensus estimate of $0.54. Revenue for the quarter was $234.03 million, up 7.0% compared to the same period last year [1].

References:
[1] https://www.marketbeat.com/instant-alerts/cargurus-inc-nasdaqcarg-given-average-recommendation-of-hold-by-brokerages-2025-08-18/
[2] https://www.nasdaq.com/articles/cargurus-breaks-above-200-day-moving-average-bullish-carg-0