UBS cuts CarGurus stock target from USD 40.00 to USD 35.00
Published on 10/17/2026 at 22:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSUBS target and earnings date
- UBS lowered its CarGurus target from USD 40.00 to USD 35.00 on October 7, 2026.
- Second-quarter 2026 revenue rose 7.20 percent year over year to USD 250.97 million.
- CarGurus stock closed at USD 30.28 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, down 0.07 percent versus the USD 30.30 prior close.
- CarGurus is estimated to report third-quarter 2026 results on November 5, 2026.
On October 7, 2026, UBS cut its CarGurus target from USD 40.00 to USD 35.00 while maintaining a Neutral rating, putting the target 15.59 percent above the stock's October 16 closing price. MarketBeat reported the analyst action. CarGurus stock closed at USD 30.28 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, down 0.07 percent versus the USD 30.30 prior close.
Revenue reached USD 250.97 million
CarGurus delivered USD 250.97 million of revenue in the second quarter of 2026, a 7.20 percent increase from the year-earlier period. The company's investor-relations page lists 46 million monthly unique visitors and 34,629 global paying dealers as of June 30, 2026. CarGurus also reported quarterly average revenue per subscribing dealer of USD 6,771 for the three months ended June 30, 2026.
Stock sits 26.54 percent below its high
The Nasdaq-listed stock stood 14.74 percent above its 52-week low of USD 26.39 and 26.54 percent below its 52-week high of USD 41.22 on October 16, 2026. Trading volume reached 1,009,237 shares, compared with an average volume of 1,171,373 shares.
Valuation and November 5 results
CarGurus had a market capitalization of USD 2.7 billion and a price-to-earnings ratio of 16.46 as of October 16, 2026. The next reporting date is estimated as November 5, 2026, after the market close, with a conference call scheduled for 5:00 p.m. ET. MarketBeat lists expected third-quarter revenue of USD 256.46 million and earnings per share of USD 0.6640.
Comparison with peers
CarGurus (Nasdaq, USD): minus 0.07 percent, P/E 16.46, market capitalization USD 2.7 billion
Carvana (NYSE, USD): minus 2.95 percent, P/E 27.26, market capitalization USD 64.5 billion
CarMax (NYSE, USD): plus 1.35 percent, P/E 25.04, market capitalization USD 7.6 billion
Analyst target remains above market price
The UBS target of USD 35.00 remains 15.59 percent above the October 16 closing price of USD 30.28. That gap gives the analyst view a measurable cushion, while the 52-week range places the stock much nearer its low than its high. CarGurus' operating figures provide the next checkpoint before the November reporting date.
CarGurus stock facts
- Company: CarGurus, Inc.
- ISIN: US1417881091
- Ticker: CARG
- Primary exchange: Nasdaq
- Price Nasdaq (as of October 16, 2026, 4:00 p.m. ET): USD 30.28
- Change versus prior close: minus 0.07 percent
- Prior close: USD 30.30
- Market capitalization: USD 2.7 billion (as of October 16, 2026)
- 52-week range: USD 26.39-USD 41.22 (as of October 16, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
- Next earnings date: November 5, 2026
Market context: Market report Nasdaq Composite.
