CARG Stock Summary and Trading Ideas (Cargurus - Class A | NASDAQ:CARG)

CarGurus Inc is a company that acts as an online automotive marketplace connecting buyers and sellers of new and used cars. It provides three types of marketplace Listing products, Restricted Listings, and Enhanced or Featured Listings, through which it offers real-time and historical data analyzing the connections and pricing analysis. The listing platforms offer auto manufacturers and others to buy advertising on the company's site and target consumers based on the make, model, and zip code of the cars. The company operates through two segments, namely U.S. Marketplace and Digital Wholesale. It generates maximum revenue from the U.S. Marketplace segment. Geographically, the company derives its key revenue from the United States and the rest from international markets.

Cargurus - Class A trades on the NASDAQ stock market under the symbol CARG.

As of February 24, 2026, CARG stock price climbed to $29.19 with 754,994 million shares trading.

CARG has a beta of 1.19, meaning it tends to be more sensitive to market movements. CARG has a correlation of 0.19 to the broad based SPY ETF.

CARG has a market cap of $2.79 billion. This is considered a Mid Cap stock.

Last quarter Cargurus - Class A reported $241 million in Revenue and $.63 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.05.

In the last 3 years, CARG traded as high as $41.33 and as low as $15.34.

The top ETF exchange traded funds that CARG belongs to (by Net Assets): IJR, VTI, VB, IWM, VBK.

CARG has underperformed the market in the last year with a return of -6.3%, while the SPY ETF gained +15.8%. In the last 3 month period, CARG fell short of the market, returning -15.6%, while SPY returned +4.7%. However, in the most recent 2 weeks CARG has outperformed the stock market by returning +2.4%, while SPY returned -0.9%.

CARG support price is $27.06 and resistance is $28.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CARG shares will trade within this expected range on the day.