Barclays cuts target for CarGurus stock to USD 38.00
Published on 10/15/2026 at 22:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and earnings date
- On October 6, 2026, Barclays lowered its CarGurus target from USD 41.00 to USD 38.00.
- CarGurus is scheduled to report third-quarter results on November 5, 2026.
- CarGurus stock costs EUR 27.20 at Lang & Schwarz on October 15, 2026 at 10:09 p.m. CEST, up 0.93 percent versus the Nasdaq prior close.
- CarGurus has a P/E of 16.47 and market capitalization of USD 2.7 billion as of October 15, 2026.
CarGurus (ISIN US1417881091) is facing a lower Barclays price target after the firm cut its view from USD 41.00 to USD 38.00 on October 6, 2026, while keeping an Overweight rating, according to The Globe and Mail. The target is 25.41 percent above the USD 30.30 Nasdaq price available on October 15, 2026.
At Lang & Schwarz, CarGurus stock was trading at EUR 27.20 on October 15, 2026 at 10:09 p.m. CEST in after-hours trading. The Nasdaq price was last at USD 30.30 on October 15, 2026 at 4:00 p.m. ET, up 0.93 percent versus the USD 30.02 prior close.
November 5 sets the next date
CarGurus is estimated to report third-quarter 2026 results after the market closes on November 5, 2026, with a conference call scheduled for 5:00 p.m. ET, according to MarketBeat. The same source lists consensus expectations of USD 256.46 million in revenue and USD 0.6640 in earnings per share for the third quarter.
Revenue and valuation in view
CarGurus reported USD 250.97 million in second-quarter 2026 revenue on August 6, 2026, while the investor-relations page lists 46 million monthly unique visitors and 34,629 global paying dealers as of June 30, 2026, according to CarGurus. Revenue was 7.20 percent higher than in the year-earlier quarter.
The company had a market capitalization of USD 2.7 billion and a P/E ratio of 16.47 as of October 15, 2026. Its 52-week range was USD 26.39 to USD 41.22, placing the USD 30.30 Nasdaq price 26.49 percent below the high.
CarGurus stock stays below its high
The current price picture combines a 25.41 percent gap between the Barclays target and the Nasdaq price with a 26.49 percent distance to the 52-week high. For the next update, the November 5 reporting date matters because the consensus revenue estimate of USD 256.46 million is above the USD 250.97 million reported for the second quarter.
CarGurus was trading at EUR 27.20 at Lang & Schwarz on October 15, 2026 at 10:09 p.m. CEST, up 0.93 percent versus the Nasdaq prior close. The further course of trading is shown by the continuously updated real-time quote of CarGurus stock.
CarGurus market data
- Company: CarGurus, Inc.
- ISIN: US1417881091
- Ticker: CARG
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 15, 2026, 10:09 p.m. CEST): EUR 27.20
- Change versus Nasdaq prior close: plus 0.93 percent
- Market capitalization: USD 2.7 billion (as of October 15, 2026)
- 52-week range: USD 26.39-USD 41.22 (as of October 15, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
- Next earnings date: November 5, 2026
Market context: Market report Nasdaq Composite.
