CARG CarGurus, Inc.
Price Chart
Executive Summary
JMP Securities upgraded CARG from Market Perform to Market Outperform with a new $30 price target, above its prior unassigned PT. The move contrasts with a consensus mean PT of $35.79 and current price of $34.75, implying -13.3% downside to JMP's target. JMP has a 70% accuracy rate (7/10 calls correct), above its peer group average, though this upgrade is below consensus valuation. No recent EPS upgrades; +1y estimates revised down 30 days out. Insider selling totaled $331K in April; FMR and Morgan Stanley added positions. No earnings date scheduled.
Impact Score
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-02-24 | Oppenheimer | maintain | Outperform | $38.00 |
| 2026-02-20 | RBC Capital | maintain | Outperform | $34.00 |
| 2026-02-20 | DA Davidson | maintain | Neutral | $33.50 |
| 2026-02-20 | BTIG | maintain | Buy | $37.00 |
| 2026-02-05 | Needham | maintain | Buy | $37.00 |
| 2025-12-30 | BTIG | maintain | Buy | $44.00 |
| 2025-12-11 | Jefferies | maintain | Buy | $45.00 |
| 2025-10-28 | Citigroup | maintain | Neutral | $41.00 |
| 2025-10-18 | Jefferies | maintain | Buy | $42.00 |
| 2025-10-14 | JP Morgan | maintain | Neutral | $43.00 |
No upgrades or downgrades in the past 30 days aside from this action. EPS revisions show mixed trends: +1y estimates revised up 6 times, down 2 times in 30 days; +1q estimates down 8 times, up 2 times. Near-term earnings expectations are weakening.
Firm Track Record — JMP Securities
JMP Securities accuracy: 53% on 1750 calls | avg return: 5.9%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 11 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| DA Davidson | 100% | 3/3 | 25.3% | top tier |
| B. Riley Securities | 100% | 2/2 | 18.7% | top tier |
| Oppenheimer | 100% | 4/4 | 15% | top tier |
| UBS | 75% | 3/4 | 11.2% | top tier |
| RBC Capital | 75% | 3/4 | 10.4% | top tier |
| Needham | 71% | 5/7 | 4.9% | top tier |
| JMP Securities | 70% | 7/10 | 13.8% | top tier |
| JP Morgan | 67% | 4/6 | 12.3% | top tier |
| Citigroup | 67% | 2/3 | 8.7% | top tier |
| BTIG | 67% | 2/3 | 16.2% | top tier |
JMP Securities has a 70% accuracy rate (7/10 calls correct), with an average return of +13.8% on rated stocks. Among 11 firms covering CARG, JMP ranks in the top tier for accuracy, behind DA Davidson, B. Riley, and Oppenheimer (100% each), but ahead of Jefferies (33%).
Earnings Estimates
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| +1q | $0.60 | $0.55 — $0.67 | $249.3M | ↑2 ↓0 |
| +1y | $2.92 | $2.62 — $3.29 | $1.1B | ↑6 ↓0 |
| 0y | $2.52 | $2.23 — $2.77 | $1.0B | ↑6 ↓0 |
| 0q | $0.57 | $0.51 — $0.62 | $243.2M | ↑6 ↓0 |
Cross-Platform Signals
Insiders sold $331K in shares on April 2, 2026. Contrary to that, FMR LLC increased position by 61.5%, Morgan Stanley by 25.8%, and Norges Bank initiated a new stake. Renaissance Technologies trimmed its position by 35.7%. Institutional buying diverges from insider selling, while analyst signal is mixed due to below-consensus PT.
Actionable Insight
JMP’s upgrade is contrarian within a stable consensus but undermined by a below-market price target and recent insider selling. Institutional accumulation offsets bearish signals, yet absence of earnings catalysts and weak near-term EPS revisions limit upside. Neutral stance; wait for convergence.
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 28, 2026
12d ago
|
ANALYST-UPGRADE
| $30.35 $27.25 | ▼ −10.21% | ▼ −10.17% | $27.51 (−9.36%) |
|
May 16, 2026
24d ago
|
ANALYST-UPGRADE
| $26.19 $25.42 | ▼ −2.94% | ▼ −4.57% | $27.51 (+5.04%) |
|
Apr 22, 2026
6w ago
|
DEFA14A
| $37.48 $36.67 | ▼ −2.16% | ▼ −3.64% | $27.51 (−26.60%) |
|
Apr 20, 2026
7w ago
|
Press Release
| $37.86 $36.95 | ▼ −2.40% | ▼ −3.49% | $27.51 (−27.34%) |
|
Apr 16, 2026
7w ago
|
ANALYST-UPGRADE
| $36.21 $37.48 | ▲ +3.51% | ▲ +2.52% | $27.51 (−24.03%) |
|
Apr 2, 2026
9w ago
|
144
| $33.33 $34.15 | ▲ +2.46% | ▼ −1.16% | $27.51 (−17.46%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access