UBS cuts target for CarGurus stock from USD 40.00 to USD 35.00
Published on 10/08/2026 at 15:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
CarGurus stock (ISIN US1417881091) stood at EUR 25.70 at Lang & Schwarz on October 8, 2026 at 3:42 p.m. CEST, unchanged versus the EUR 25.70 prior close. The latest analyst move came from UBS, which cut its CarGurus price target from USD 40.00 to USD 35.00 on October 7, 2026 while keeping a Neutral rating, according to Markets Insider.
Three dates shape the setup
On September 15, 2026, CarGurus Chief Operating Officer Samuel Zales reported a sale of 10,000 shares valued at USD 346,200, according to finanzen.at. On September 29, 2026, CarGurus highlighted VINMax, a product designed to shorten vehicle turn times by over a week, on its investor-relations page. On October 7, 2026, UBS lowered its target from USD 40.00 to USD 35.00, creating a more cautious valuation marker for the stock.
What does the target cut mean?
The target cut contrasts with CarGurus revenue of USD 250.97 million in the second quarter of 2026, up 7.20 percent from USD 234.03 million a year earlier, according to MarketBeat. The same second-quarter report showed net income of USD 49.19 million and an operating margin of 25.10 percent, while operating cash flow reached USD 94.59 million. For investors, the key tension is clear: operating growth continued, but UBS cited negative estimate revisions and a difficult auto-dealer environment in its October 7, 2026 note.
Dates and valuation context
ToAlpha lists November 5, 2026 as the next earnings date for CarGurus, according to its company calendar. The finance data quote showed a Nasdaq price of USD 28.95 at 9:57 a.m. ET on October 8, 2026, with a market capitalization of USD 2.8 billion and a 52-week range of USD 26.39 to USD 41.22. UBS's USD 35.00 target is 20.90 percent above that USD 28.95 Nasdaq quote, using the same currency.
Stock holds its daily level
At EUR 25.70, the Lang & Schwarz indication was unchanged from the EUR 25.70 prior close on October 8, 2026. The neutral daily reading leaves the October 7 UBS target reduction and the second-quarter operating figures as the clearest measurable reference points for the next report.
The further course of trading is shown by the continuously updated real-time quote of CarGurus stock.
CarGurus stock facts
- Company: CarGurus, Inc.
- ISIN: US1417881091
- Ticker: CARG
- Primary exchange: Nasdaq
- Price Lang & Schwarz as of October 8, 2026 at 3:42 p.m. CEST: EUR 25.70
- Change versus prior close: unchanged, 0.00 percent
- Prior close Lang & Schwarz October 7, 2026: EUR 25.70
- Market capitalization: USD 2.8 billion as of October 8, 2026
- 52-week range: USD 26.39-41.22 as of October 8, 2026
- Sector / Industry: Communication Services / Internet Content and Information
Market context: Market report S&P 500.
