The disposition involved 17,151 shares valued at $634,587 based on the transaction-date weighted average price. The transaction reduced Sarnoff's direct equity holdings by 14%.

Kevin Roberts of @cargurus addresses the affordability challenges car buyers are facing in the auto market. He says the average vehicle price in July was $51,000 and rising, with cheaper cars getting "harder to find.

The 12 th annual awards recognize dealers delivering outstanding service, value, and transparency, with less than 10% of dealerships earning the distinction BOSTON, Aug. 11, 2026 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No. 1 most visited automotive shopping site in the U.S.,¹ today announced the winners of its 2026 Top Dealer Awards across North America and the U.K. Now in its 12th year, the program recognizes dealerships that consistently earn shoppers' trust through exceptional service, competitive value, and transparent experiences.

California State Teachers Retirement System lifted its holdings in CarGurus, Inc. (NASDAQ: CARG) by 27.0% in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,792 shares of the company's stock after purchasing an additional 21,401 shares during the period.

CarGurus is rated BUY, driven by robust AI adoption, strong cash flows, and an undervalued 10x forward EV/EBITDA multiple. Q2 2026 results exceeded expectations, with 13% revenue growth, 8–11% QARSD gains, and continued international expansion. AI-driven tools like PriceVantage and VINMax are boosting dealer engagement, conversion rates, and operational efficiency.

CarParts.com and CarGurus are each leveraging their own proprietary data to differentiate their platforms from competitors, executives at the two companies said in their Thursday (Aug. 6) earnings reports. CarParts.

CarGurus, Inc. (CARG) Q2 2026 Earnings Call Transcript

Although the revenue and EPS for CarGurus (CARG) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

CarGurus (CARG) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.57 per share a year ago.

CarGurus NASDAQ: CARG reported second-quarter 2026 revenue of $251 million, up 13% from a year earlier and above the midpoint of its guidance range, as adoption of add-on dealer products and international growth supported results. Adjusted EBITDA rose 7% to $85 million, representing a 34% margin, while free cash flow totaled $88 million.