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The latest announcement is out from CarGurus ( (CARG) ).
On August 6, 2025, CarGurus announced its decision to wind down its CarOffer transactions business, including Dealer-to-Dealer and Instant Max Cash Offer products, due to the current volatile pricing environment. The company plans to complete this process in the second half of 2025, incurring costs between $14 million and $19 million. This strategic shift will allow CarGurus to concentrate on AI-powered inventory intelligence and consumer vehicle sourcing, aiming to enhance technology and analytics for smarter sourcing and pricing decisions. The company reported strong financial results for the second quarter of 2025, with a 14% increase in Marketplace revenue and a net income of $22.3 million, while also expanding its share repurchase authorization to $350 million.
The most recent analyst rating on (CARG) stock is a Buy with a $32.00 price target. To see the full list of analyst forecasts on CarGurus stock, see the CARG Stock Forecast page.
Spark’s Take on CARG Stock
According to Spark, TipRanks’ AI Analyst, CARG is a Neutral.
CarGurus’ solid financial performance and positive earnings call insights are notable strengths, supported by robust marketplace and international revenue growth. However, technical analysis suggests bearish momentum, and the valuation is high compared to peers, indicating potential overvaluation. Addressing challenges in the wholesale segment and stabilizing asset growth could further enhance the company’s position.
To see Spark’s full report on CARG stock, click here.
More about CarGurus
CarGurus, Inc. is a leading digital auto platform that facilitates the shopping, buying, and selling of new and used vehicles. The company focuses on providing data-driven solutions to enhance dealer workflows and improve the car-shopping experience for consumers.
Average Trading Volume: 886,320
Technical Sentiment Signal: Buy
Current Market Cap: $3.11B
For detailed information about CARG stock, go to TipRanks’ Stock Analysis page.