Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate CarGurus, Inc. before investing.

In this article, we go over a few key elements for understanding CarGurus, Inc.’s stock price such as:

• CarGurus, Inc.’s current stock price and volume
• Why CarGurus, Inc.’s stock price changed recently
• Upgrades and downgrades for CARG from analysts
• CARG’s stock price momentum as measured by its relative strength

About CarGurus, Inc. (CARG)

Before we jump into CarGurus, Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

CarGurus, Inc. operates an online automotive platform for buying and selling vehicles in the United States and internationally. The company offers dealer subscription fees, advertising from auto manufacturers and other brand advertisers, and partnerships with financing services companies. It provides an online automotive marketplace that connects large audience of car shoppers with extensive network of dealers, anchoring integrated suite of products. It also offers Digital Deal which allows consumers the option to start their vehicle purchase process online for eligible listings; Dealership Mode which provides consumers with on-the-lot support during visits to participating dealers through the CarGurus app; Sell My Car – Top Dealer Offers which allows dealers to make tailored trade-in offers; and IMV Scan enables dealers to scan a VIN using their smartphone to access IMV data; and PriceVantage, an advanced pricing software powered by machine learning that leverages real-time consumer demand. In addition, the company provides auto manufacturers and others advertiser products, such as brand reinforcement, category sponsorship, automobile segment exclusivity, and consumer segment exposure; Autolist, an online automotive marketplace through mobile applications and a website; and PistonHeads which is an automotive marketplace, auction platform, and editorial site for automotive enthusiasts. The company was formerly known as CarGurus LLC and changed its name to CarGurus, Inc. in June 2015. CarGurus, Inc. was founded in 2005 and is headquartered in Boston, Massachusetts.

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CarGurus, Inc.’s Stock Price as of Market Close

As of July 31, 2026, 4:00 PM, CST, CarGurus, Inc.’s stock price was $36.240.

CarGurus, Inc. is up 0.67% from its previous closing price of $36.000.

During the last market session, CarGurus, Inc.’s stock traded between $35.340 and $36.330. Currently, there are approximately 94.06 million shares outstanding for CarGurus, Inc..

CarGurus, Inc.’s price-earnings (P/E) ratio is currently at 24.3, which is high compared to the Interactive Media & Services industry median of 17.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

CarGurus, Inc. Stock Price History

CarGurus, Inc.’s (CARG) price is currently up 6.31% so far this month.

During the month of July, CarGurus, Inc.’s stock price has reached a high of $37.780 and a low of $32.470.

Over the last year, CarGurus, Inc. has hit prices as high as $39.420 and as low as $26.390. Year to date, CarGurus, Inc.’s stock is down 5.5%.

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What Caused CarGurus, Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 31, 2026, there were 0 analysts who downgraded CarGurus, Inc.’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate CarGurus, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on CarGurus, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

CarGurus, Inc.’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about CarGurus, Inc. (CARG) by visiting AAII Stock Evaluator.

Relative Price Strength of CarGurus, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 31, 2026, CarGurus, Inc. has a weighted four-quarter relative price strength of -2.30%, which translates to a Momentum Score of 45 and is considered to be Average.

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CarGurus, Inc. Stock Price: Bottom Line

As of July 31, 2026, CarGurus, Inc.’s stock price is $36.240, which is up 0.67% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like CarGurus, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.