CarGurus

Cargurus, Inc. engages in the provision of online auto shopping. The firm offers proprietary technology, search algorithms and data analytics to analyze new and used car listings. It operates through the following segments: United States and International. The United States segment derives revenues from marketplace subscriptions, advertising services and other revenues from customers within the United States. The International segment includes the revenues from marketplace subscriptions, advertising services and other revenues from customers outside of the United States. The company was founded by Langley Steinert on November 10, 2005 and is headquartered in Cambridge, MA.

Earnings data Q2 2022

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Earnings data Q4 2025

Earnings data Q1 2026

CarGurus exceeds revenue forecasts, focuses on digital growth strategies

CarGurus showcased strong financial performance in Q1 2023, with a focus on operational excellence and profitability. Despite challenges like low inventory levels, the company's strategic initiatives such as Digital Deal and brand ad campaigns position it well for growth and market expansion.

CarGurus exceeds Q2 earnings expectations, eyes pricing strategies for growth

CarGurus delivered strong financial performance in Q2 2023, showcasing operational efficiency and revenue growth in the Marketplace segment. While facing challenges in the Wholesale market and macroeconomic factors, the company is focused on seizing opportunities to drive future growth through pricing strategies and product enhancements.

CarGurus surpasses Q3 earnings expectations, eyes growth amid challenges

CarGurus delivered strong financial results, exceeding EBITDA guidance and showcasing operational efficiency
Introduction of new products and focus on premium packages position CarGurus for continued growth
Challenges like declining wholesale prices and market uncertainties require strategic adjustments
Opportunities in subscription models and consumer behavior changes present avenues for market expansion

CarGurus excels in Q4 2023 with strong financial growth and innovative products

CarGurus demonstrated robust financial performance in Q4 2023, marked by profitability, revenue growth, and enhanced product offerings through AI-driven tools and innovative products.
While facing challenges in scaling successes and balancing financial discipline with growth investments, the company remains well-positioned to capitalize on opportunities in subscription offerings, ad revenue, and dealer value-add services.
Overall, CarGurus' strategic focus on monetization, customer experience, and market expansion sets a positive trajectory for continued growth and success in the automotive marketplace.

CarGurus reports strong Q1 earnings and focuses on data-driven growth

CarGurus reported strong Q1 performance with revenue meeting expectations and EBITDA growing by 24% YoY. The company's focus on enhancing dealer and consumer experience through data insights and product capabilities is driving growth and innovation.
Despite challenges such as elevated marketing expenses and managing data volume growth, CarGurus is well-positioned to capitalize on opportunities in leveraging data insights, driving growth in international markets, and optimizing customer results.
With an optimistic Q2 revenue guidance, strategic initiatives in place for profitable growth, and a commitment to innovation and market leadership, CarGurus is poised for continued success in the automotive marketplace.

CarGurus reports robust Q2 earnings, eyes growth through enhanced tech

CarGurus demonstrated strong financial performance in Q2 2024, with revenue meeting expectations and non-GAAP consolidated adjusted EBITDA up by 23% year-over-year.
The company's focus on enhancing the consumer experience through AI initiatives and app improvements is driving increased engagement and retention.
Challenges lie in maintaining operational excellence, navigating market dynamics, and adapting to evolving consumer preferences.
CarGurus has opportunities to capitalize on the shift towards larger dealers, expand its transaction-enabled platform, and explore new markets for growth.

CarGurus reports robust Q4 earnings, eyes international growth opportunities

CarGurus delivered strong financial results in Q4 2024, with notable revenue growth and margin expansion. The company faces challenges from potential tariffs, competition, and ongoing efforts to rebuild the Digital Wholesale segment. Opportunities lie in international growth, product innovation, and enhancing dealer value through digital capabilities.

CarGurus reports solid Q1 earnings, focuses on innovation and growth

CarGurus delivered a strong financial performance in Q1 2025, driven by revenue growth, operational efficiency, and international expansion, showcasing resilience and strategic focus. While facing challenges such as market volatility and business model sustainability, the company's emphasis on innovation and customer engagement positions it well for future growth and market leadership. With a solid foundation in place and opportunities for further innovation and revenue growth, CarGurus is poised to navigate challenges and capitalize on emerging trends in the automotive marketplace.

CarGurus reports robust Q2 earnings, shifts focus to tech solutions

CarGurus delivered strong financial performance with revenue growth and profitability expansion. The company's strategic shift towards technology and analytics aligns with market dynamics. Challenges include market volatility, competition, and the need for continuous innovation. Opportunities exist in leveraging technology, expanding markets, and enhancing trust with stakeholders.

CarGurus reports robust Q3 growth driven by AI innovations

CarGurus delivered strong financial performance with revenue growth and profitability improvements. The company's emphasis on AI capabilities and data intelligence drives dealer and consumer engagement. Challenges include market competition, sustaining dealer engagement, and balancing AI investments with profitability. Opportunities lie in market expansion, enhancing consumer experience, and leveraging data for personalized strategies.

CarGurus excels in 2025 with international growth and product innovation

CarGurus delivered strong financial performance in 2025, driven by international growth and product launches. Challenges include managing the wind down of CarOffer and sustaining profitability amid ongoing investments. The company's focus on innovation and capital return sets a positive trajectory for future growth.

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Cargurus, Inc. is an online automotive platform, which engages in buying and selling vehicles that is building upon its listings marketplace with digital retail solutions and the CarOffer digital wholesale platform. It operates through the following segments: U.S. Marketplace, Digital Wholesale, and Other. The U.S. Marketplace segment offers marketplace services from customers. The Digital Wholesale segment consists of dealer-to-dealer and IMCO services and products which are sold on the CarOffer platform. The company was founded by Langley Steinert on November 10, 2005 and is headquartered in Boston, MA.