RBC keeps Buy rating for CarGurus stock at USD 42.00 target

Published on 10/25/2026 at 03:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 7.20 percent to USD 250.97 million. Q3 guidance gives CarGurus stock USD 0.63-0.69 adjusted EPS.

Analyst view and earnings schedule

RBC Capital maintained a USD 42.00 price target on October 20, 2026.
Second-quarter revenue reached USD 250.97 million, up 7.24 percent year over year.
CarGurus is scheduled to report third-quarter results on November 5, 2026.

CARG, US1417881091, Illustration mit AI erstellt.

CarGurus (US1417881091) retained a USD 42.00 price target from RBC Capital after the bank maintained its Buy rating in a report dated October 20, 2026, according to Markets Insider. The next scheduled company event is the third-quarter report on November 5, 2026.

Revenue growth supports the case

CarGurus reported second-quarter 2026 revenue of USD 250.97 million, up 7.24 percent from USD 234.03 million in the year-earlier quarter. Adjusted earnings per share reached USD 0.66, compared with a USD 0.61 consensus estimate, according to MarketBeat. The same report said third-quarter adjusted earnings-per-share guidance was USD 0.63-0.69.

Three dates define the setup

On August 6, 2026, CarGurus released second-quarter results with USD 250.97 million in revenue; on October 7, 2026, UBS reduced its target from USD 40.00 to USD 35.00; and on October 20, 2026, RBC Capital maintained its Buy rating and USD 42.00 target, according to CarGurus, MarketBeat and Markets Insider.

What does the USD 42.00 target mean?

The target lies 33.25 percent above the Nasdaq close of USD 31.52 on October 23, 2026. That gap gives the RBC view more weight than the stock's recent price action, but the October 7 UBS reduction shows that analyst conviction is not uniform.

November 5 is the next test

CarGurus will report third-quarter 2026 results after the market close on November 5, 2026, followed by a 5:00 p.m. ET conference call and webcast, according to MarketScreener. The report will show whether the company is tracking its USD 253.50 million to USD 258.50 million revenue outlook for the quarter.

Nasdaq close leaves valuation in focus

CarGurus closed at USD 31.52 on Nasdaq on October 23, 2026, at 4:00 p.m. ET. The stock's 52-week range was USD 26.39 to USD 41.22, while market capitalization stood at USD 2.8 billion on the same date.

The further course of trading is shown by the continuously updated real-time quote of CarGurus stock.