CarGurus is trading at $32.51, up 4.23%, with the cause of the rise unclear.

  • No confirmed company-specific announcement on October 22 explains the rise; the next earnings report is scheduled for November 5.
  • RBC Capital maintained its Buy rating and $42 price target in a report published October 20, but available reporting does not link that action to the October 22 move.
  • Broader markets were sharply lower, and the available evidence does not show CarGurus rising with the market.