CarGurus, Inc.
35.49-0.27 (-0.76%)
Oct 28, 4:00:01 PM EDT · NasdaqGS · CARG · USD
Key Stats
Market Cap
3.52BP/E (TTM)
28.39Basic EPS (TTM)
1.25Dividend Yield
0%Recent Filings
8-K
CarGurus winds down CarOffer
CarGurus announced plans to wind down its CarOffer transactions business on August 6, 2025, citing its ineffectiveness in volatile pricing environments demanding dealer flexibility. The move, set for substantial completion in the second half of 2025, carries expected costs of $14.0 million to $19.0 million, mainly restructuring and wind-down expenses. Yet Marketplace revenue surged 14% year-over-year to $222.0 million in Q2, underscoring core strength. This refocuses efforts on AI-driven insights and sourcing tech.
10-Q
Q2 FY2025 results
CarGurus posted solid Q2 FY2025 results, with revenue climbing 7% year-over-year to $234.0M, driven by a 14% surge in marketplace revenue to $222.0M from stronger dealer subscriptions and ad spend, while wholesale and product lines dipped 52% and 45% respectively amid softer transaction volumes. Gross profit jumped to $204.4M, yielding an 87% margin—up from 83% last year—thanks to cost efficiencies in the shrinking wholesale segment. Operating income flipped to $24.8M from a $93.6M loss, as impairments eased to $32.6M (derived) from $127.7M, though net income of $22.3M reflected a $5.1M tax provision versus prior benefits. Cash from operations hit $141.0M year-to-date, bolstering $231.2M in cash despite $185.9M in share repurchases; the $400M revolver remains undrawn with $390.6M available. Marketplace momentum persists. Yet competition in digital auto listings could pressure dealer retention.
8-K
CarGurus annual meeting results
CarGurus stockholders at the June 4, 2025 annual meeting elected Steven Conine and Stephen Kaufer as Class II directors through 2028, with Conine securing strong support while Kaufer faced notable withholdings. They ratified Ernst & Young as auditors for 2025 and approved 2024 executive pay on an advisory basis. Votes favored annual say-on-pay frequency until 2031. Solid governance wins, yet pay scrutiny lingers.
10-Q
Q1 FY2025 results
CarGurus posted solid Q1 FY2025 results, with revenue climbing 4% year-over-year to $225.2M, fueled by a 13% surge in marketplace revenue to $212.2M while wholesale and product lines dipped 52% and 58% respectively amid softer transaction volumes. Gross profit jumped 14% to $199.7M, lifting margins to 89% from 81%, and operating income more than doubled to $45.8M; diluted EPS rose to $0.37 from $0.20 on 105.1M shares, reconciling cleanly with net income of $39.0M. U.S. Marketplace drove the gains, up 13% to $195.2M with 25% operating margins, but Digital Wholesale posted a narrower $5.8M loss. Cash from operations hit $67.9M, funding $184.2M in share repurchases that trimmed shares outstanding; quarter-end cash stood at $172.9M with $390.1M available on the undrawn revolver. No debt weighs on the balance sheet. Yet tariffs and trade restrictions could crimp auto demand.
8-K
CarGurus Q1 marketplace surges 13%
CarGurus reported Q1 2025 results with marketplace revenue surging 13% year-over-year to $212.2 million, driving total revenue up 4% to $225.2 million and net income to $39.0 million, an 83% jump. While wholesale revenue plunged 52% to $7.7 million, the company repurchased $184.2 million in shares, signaling confidence amid deeper dealer engagement. Marketplace momentum builds market share. Q2 guidance projects revenue of $222.0–$242.0 million, but macro risks loom.
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