CarGurus, Inc.
In the published model solve dated 2026-Q2, anchored at $33.74, CarGurus, Inc. (CARG) is priced for +13.4% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Dealers rent visibility here on short leashes: listings packages ⟦"generally auto-renew on a monthly basis and are cancellable by dealers with 30 days' advance notice prior to the commencement of the applicable renewal term"⟧, which makes the revenue recurring by habit rather than by contract. • The company has just finished amputating its capital-intensive arm, as ⟦"The wind-down of CarOffer was completed and the business was considered abandoned for accounting purposes as of December 31, 202
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345 institutional managers reported holding CARG in 13F filings for the quarter ended 2026-03-31. Together they hold about 86% of the company; the top 10 hold 45%. 51 opened new positions that quarter. Held by BlackRock, Vanguard Group, Wellington Management, among others. On the short side, 7.7M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (6.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CARG has cut its share count 19.7% over the past five years, spending $881.07M on repurchases. It pays no dividend. Cash returned over the past three years: $789.62M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at CARG over the trailing three years: 2026: 1 buy totaling $1000k. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CARG's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-10 | +15.8% | +25.8% |
| 2023-08-10 | -7.3% | -2.3% |
| 2023-11-08 | +3.6% | +21.7% |
| 2024-02-27 | -1.3% | -4.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CARG's latest 8-K filings: 2026-09-03 (items 5.02, 7.01, 9.01); 2026-08-06 (items 1.01, 2.02, 9.01); 2026-06-04 (items 5.07); 2026-05-07 (items 2.02, 9.01); 2026-02-19 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.