Barclays cuts target for CarGurus stock to USD 38

Published on 10/07/2026 at 01:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 250.97 million in the second quarter, up 7.20 percent. CarGurus stock closed at EUR 25.50 on October 5, 2026.

CARG, US1417881091, Illustration mit AI erstellt.

CarGurus (US1417881091) received a lower price target from Barclays, which kept its Overweight rating but cut the target from USD 41.00 to USD 38.00 on October 6, 2026, according to GuruFocus. At Lang & Schwarz, the prior close for CarGurus was EUR 25.50 on October 5, 2026.

Barclays lowers its target

The change reduces Barclays' target by USD 3.00, or 7.32 percent, while leaving the rating unchanged. The target remains materially above the Lang & Schwarz prior close, but the two figures use different currencies and are therefore not directly comparable as a percentage distance.

The downgrade in target came as CarGurus stock was being discussed alongside recent institutional and insider activity. MarketBeat reported on October 6, 2026, that Congress Asset Management increased its CarGurus holdings by 7.60 percent during the third quarter.

Second-quarter growth sets the baseline

CarGurus generated USD 250.97 million in revenue in the second quarter of 2026, up 7.20 percent from the same quarter a year earlier, according to MarketBeat. Adjusted earnings per share came to USD 0.66, above the USD 0.61 consensus estimate, a USD 0.05 beat.

The company also set third-quarter 2026 earnings-per-share guidance at USD 0.63 to USD 0.69, giving the market a near-term operating benchmark. CarGurus' investor-relations page lists 46 million monthly unique visitors and 34,629 global paying dealers as of June 30, 2026, while quarterly average revenue per subscribing dealer stood at USD 6,771, according to CarGurus.

Prior close and trading context

CarGurus has a market capitalization of USD 2.8 billion as of October 6, 2026. Its Nasdaq 52-week range was USD 26.39 to USD 41.22 on the same date, placing the prior close of EUR 25.50 in a separate currency frame from the primary-market range.

The latest analyst move therefore adds a more cautious valuation signal to a business that delivered higher second-quarter revenue and earnings than consensus. The next major comparison will be the third-quarter guidance range of USD 0.63 to USD 0.69 in earnings per share.

CarGurus stock reference

The prior close at Lang & Schwarz was EUR 25.50 on October 5, 2026, with no daily percentage change stated for that dormant quote session. The further course of trading is shown by the continuously updated real-time quote of CarGurus stock.