Security
CarGurus, Inc. Class A Common Stock · CARG
CARGNASDAQCommon stockCurrentCIK 1494259Updated Oct 4, 2026
Name history
Cargurus LLC · through Jul 14, 2010
CARG price & chart
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NASDAQ:CARG on TradingView ↗About the company
CarGurus (Nasdaq: CARG) is the leading multinational automotive platform helping consumers and dealers confidently buy and sell vehicles. Founded in 2006 with a mission to bring more trust and transparency to car shopping, CarGurus is the No. 1 visited automotive shopping site in the U.S.1 with the largest selection of inventory and network of dealers. 2 CarGurus’ unmatched selection, trusted automotive insights, and data-driven products and solutions support each shopper’s journey - from online research and shopping to in-dealership decisions - to empower them at every step. And, by translating data from billions of monthly site interactions, CarGurus provides dealers a personalized, predictive intelligence platform with software solutions that helps them run their businesses more efficiently and profitably at all stages of inventory acquisition and pricing, marketing, and conversion to sale.
In the news
CarGurus to Present at the BofA Securities 2026 Global Technology Conference ↗
Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Items 5.02, 7.01, 9.01
4 filing
4 filing
144 filing
144 filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 661,897,000Source | 824,536,000Source | 918,927,000Source | 927,102,000Source |
| Property, Plant and Equipment, NetUSD | 132,952,000Source | 130,010,000Source | 83,370,000Source | 40,128,000Source |
| GoodwillUSD | 28,397,000Source | 46,167,000Source | 157,898,000Source | 157,467,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 190,518,000Source | 304,193,000Source | 291,363,000Source | 469,517,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 41,936,000Source | 44,248,000Source | 39,963,000Source | 46,817,000Source |
| Inventory, NetUSD | — | 338,000Source | 331,000Source | 5,282,000Source |
| Assets, CurrentUSD | 282,948,000Source | 391,206,000Source | 391,191,000Source | 557,366,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 35,259,000Source | 27,868,000Source | 25,152,000Source | 21,972,000Source |
| Operating Lease, Right-of-Use AssetUSD | 115,481,000Source | 121,484,000Source | 169,682,000Source | 56,869,000Source |
| Other Assets, NoncurrentUSD | 4,102,000Source | 4,034,000Source | 7,376,000Source | 8,499,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 287,699,000Source | 282,847,000Source | 302,075,000Source | 155,744,000Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | 362,380,000Source | 375,119,000Source | 354,147,000Source | 323,043,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 1,426,000Source | -2,547,000Source | -901,000Source | -1,644,000Source |
| Stockholders' Equity Attributable to ParentUSD | 374,198,000Source | 541,689,000Source | 616,852,000Source | 734,609,000Source |
| Additional Paid in Capital, Common StockUSD | 10,297,000Source | 169,013,000Source | 263,498,000Source | 413,092,000Source |
| Liabilities and EquityUSD | 661,897,000Source | 824,536,000Source | 918,927,000Source | 927,102,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 100,539,000Source | 93,051,000Source | 115,178,000Source | 98,733,000Source |
| Operating Lease, Liability, CurrentUSD | 9,469,000Source | 9,005,000Source | 12,284,000Source | 14,762,000Source |
| Accounts Payable, CurrentUSD | 29,115,000Source | 26,410,000Source | 47,854,000Source | 32,529,000Source |
| Operating Lease, Liability, NoncurrentUSD | 181,364,000Source | 183,739,000Source | 182,106,000Source | 51,656,000Source |
| Deferred Income Tax Liabilities, NetUSD | 442,000Source | 26,000Source | 58,000Source | 54,000Source |
| Other Liabilities, NoncurrentUSD | 5,354,000Source | 6,031,000Source | 4,733,000Source | 5,301,000Source |
| Additional Financial Items | ||||
| Long-term DebtUSD | 0Source | 0Source | 0Source | 0Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | — | — | 0Source | 36,749,000Source |
| Short-term InvestmentsUSD | — | 0Source | 20,724,000Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 155,903,000Source | 20,972,000Source | 22,053,000Source | 78,954,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 28,346,000Source | 25,360,000Source | 48,474,000Source | 45,334,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 50,439,000Source | 62,272,000Source | 63,737,000Source | 54,777,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -675,000Source | 4,866,000Source | -10,975,000Source | -152,954,000Source |
| Increase (Decrease) in InventoriesUSD | -338,000Source | 112,000Source | -1,958,000Source | -14,374,000Source |
| Increase (Decrease) in Accounts PayableUSD | 3,557,000Source | -4,663,000Source | 2,080,000Source | -35,047,000Source |
| Deferred Income Tax Expense (Benefit)USD | 27,674,000Source | -33,348,000Source | -37,864,000Source | -22,114,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 295,280,000Source | 255,494,000Source | 124,527,000Source | 256,106,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -29,316,000Source | -72,966,000Source | -61,564,000Source | 72,730,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 6,383,000Source | 75,173,000Source | 24,563,000Source | 5,924,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 351,930,000Source | 146,180,000Source | 208,524,000Source | 14,428,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -383,764,000Source | -168,629,000Source | -253,644,000Source | -92,620,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -115,711,000Source | 12,303,000Source | -190,206,000Source | 235,852,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 590,000Source | 772,000Source | 566,000Source | 64,000Source |
| Income Taxes Paid, NetUSD | 19,758,000Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 50,439,000Source | 62,492,000Source | 113,456,000Source | 33,682,000Source |
| Amortization of Debt Issuance CostsUSD | 515,000Source | 515,000Source | 515,000Source | 136,000Source |
| Amortization of Intangible AssetsUSD | 900,000Source | 3,655,000Source | 30,062,000Source | 30,716,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | -155,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | 404,000Source | -971,000Source | 283,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 0Source | 0Source | 460,000Source | — |
| General and Administrative ExpenseUSD | 101,419,000Source | 112,066,000Source | 152,757,000Source | 73,117,000Source |
| GoodwillUSD | 28,397,000Source | 46,167,000Source | 157,898,000Source | 157,467,000Source |
| Goodwill, Impairment LossUSD | — | 115,206,000Source | 0Source | 0Source |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | — | 7,538,000Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 196,742,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -40,839,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | -40,839,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | 56,092,000Source | 3,685,000Source | 29,634,000Source | 32,408,000Source |
| Investment Income, InterestUSD | 9,151,000Source | 12,189,000Source | 18,430,000Source | 3,845,000Source |
| Net Income (Loss) Attributable to ParentUSD | 155,903,000Source | 20,972,000Source | 36,942,000Source | 84,387,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 155,903,000Source | 20,972,000Source | 31,104,000Source | 193,785,000Source |
| Nonoperating Income (Expense)USD | 8,389,000Source | 11,245,000Source | 19,060,000Source | 2,884,000Source |
| Operating ExpensesUSD | 597,068,000Source | 725,533,000Source | 618,827,000Source | 549,075,000Source |
| Operating Lease, Impairment LossUSD | 500,000Source | 4,731,000Source | — | — |
| Other Nonoperating Income (Expense)USD | -762,000Source | -944,000Source | 630,000Source | -961,000Source |
| Proceeds from Stock Options ExercisedUSD | 474,000Source | 4,923,000Source | 74,000Source | 721,000Source |
| Restructuring CostsUSD | 13,300,000Source | — | — | — |
| Unrealized Gain (Loss) on InvestmentsUSD | 0Source | 0Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 906,980,000Source | 894,384,000Source | 914,242,000Source | 1,655,035,000Source |
| Cost of RevenueUSD | 65,467,000Source | 155,439,000Source | 262,788,000Source | 997,482,000Source |
| Operating Income (Loss)USD | 244,445,000Source | 13,412,000Source | 32,627,000Source | 108,478,000Source |
| Other Nonoperating Income (Expense)USD | -762,000Source | -944,000Source | 630,000Source | -961,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 252,834,000Source | 24,657,000Source | 51,687,000Source | 111,362,000Source |
| Income Tax Expense (Benefit)USD | 56,092,000Source | 3,685,000Source | 29,634,000Source | 32,408,000Source |
| Net Income (Loss) Attributable to ParentUSD | 155,903,000Source | 20,972,000Source | 36,942,000Source | 84,387,000Source |
| Earnings Per Share, BasicUSD per share | 1.58Source | 0.2Source | 0.27Source | 1.64Source |
| Earnings Per Share, DilutedUSD per share | 1.55Source | 0.2Source | 0.19Source | 0.62Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 98,837,997Source | 104,535,572Source | 113,240,139Source | 118,474,991Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 100,410,297Source | 106,263,886Source | 114,188,834Source | 128,150,974Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 900,000Source | 3,655,000Source | 30,062,000Source | 30,716,000Source |
| Current Income Tax Expense (Benefit)USD | 28,418,000Source | 37,033,000Source | 67,498,000Source | 54,522,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 15,994,000Source | 12,285,000Source | 15,831,000Source | 15,482,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | -155,000Source |
| General and Administrative ExpenseUSD | 101,419,000Source | 112,066,000Source | 152,757,000Source | 73,117,000Source |
| Goodwill, Impairment LossUSD | — | 115,206,000Source | 0Source | 0Source |
| Gross ProfitUSD | 841,513,000Source | 738,945,000Source | 651,454,000Source | 657,553,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 248,521,000Source | 21,936,000Source | 50,632,000Source | 110,213,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 196,742,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | 1.99Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | 1.96Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -40,839,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | -40,839,000Source | — | — | — |
| Investment Income, InterestUSD | 9,151,000Source | 12,189,000Source | 18,430,000Source | 3,845,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 155,903,000Source | 20,972,000Source | 31,104,000Source | 193,785,000Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | 196,742,000Source | — | — | — |
| Nonoperating Income (Expense)USD | 8,389,000Source | 11,245,000Source | 19,060,000Source | 2,884,000Source |
| Operating ExpensesUSD | 597,068,000Source | 725,533,000Source | 618,827,000Source | 549,075,000Source |
| Research and Development ExpenseUSD | 138,283,000Source | 144,432,000Source | 146,169,000Source | 123,768,000Source |
| Restructuring CostsUSD | 13,300,000Source | — | — | — |
| Selling and Marketing ExpenseUSD | 340,873,000Source | 322,249,000Source | 304,070,000Source | 336,708,000Source |
Filing attachments
d43018dex991.htm · 8-K · 2026-09-03
EX-99.1 3 d43018dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE CarGurus Appoints Matthew Mandel as Chief Financial Officer Finance and operations leader brings deep marketplace and software experience, scaling consumer and B2B brands BOSTON, Sept. 3, 2026 - CarGurus (Nasdaq: CARG), the No. 1 most visited automotive shopping site in the U.S. 1, today announced it has appointed Matthew Mandel as Chief Financial Officer (CFO), effective Oct. 19, 2026. Reporting to CarGurus …
Read attachment ↗carg-ex99_1.htm · 8-K · 2026-08-06
EX-99.1 3 carg-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 CarGurus Announces Second Quarter 2026 Results Q2'26 revenue grew 13% YoY to $251.0 million, above the midpoint of our guidance range Q2'26 GAAP net income from continuing operations of $49.2 million; non-GAAP adjusted EBITDA from continuing operations of $84.7 million, toward the high end of our guidance range Q2'26 cash flow from operations of $94.6 million; non-GAAP free cash flow of $87.7 million Repurchased $29.2 million worth…
Read attachment ↗carg-ex99_1.htm · 8-K · 2026-05-07
EX-99.1 2 carg-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 CarGurus Announces First Quarter 2026 Results Q1’26 revenue grew 15% YoY to $244 million, at the midpoint of our guidance range Q1’26 GAAP Net Income from continuing operations of $32.2 million, down 23% YoY; Non-GAAP Adjusted EBITDA from continuing operations of $80.2 million, above the high end of our guidance range Repurchased $175 million worth of shares in Q1’26; total repurchases since December 2022 represent 29% of shares out…
Read attachment ↗carg-ex99_1.htm · 8-K · 2026-02-19
EX-99.1 2 carg-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 CarGurus Announces Fourth Quarter and Full-Year 2025 Results Full-year 2025 revenue from continuing operations grew 14% YoY for the second consecutive year Full-year 2025 GAAP Net Income from continuing operations of $196.7 million, up 53% YoY; Non-GAAP Adjusted EBITDA from continuing operations of $319.0 million, up 25% YoY Repurchased approximately $350 million worth of shares in 2025, and announces new $250.0 million share repurc…
Read attachment ↗carg-ex99_1.htm · 8-K · 2025-08-07
EX-99.1 2 carg-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 CarGurus Announces Second Quarter 2025 Results & Shares Plans to Wind Down CarOffer Transactions Business Sustained strong momentum in the Marketplace business, with revenue up 14% YoY Q2'25 Net Income of $22.3 million; Non-GAAP Adjusted EBITDA of $77.3 million, up 39% YoY Board approves additional $150 million share repurchase, increasing 2025 authorization to $350 million and extending it through July 2026 BOSTON, August 7, 2025 …
Read attachment ↗carg-ex99_1.htm · 8-K · 2025-02-20
EX-99.1 2 carg-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 CarGurus Announces Fourth Quarter and Full Year 2024 Results Q4’24 Marketplace revenue grew 15% YoY Q4’24 International revenue grew 26% YoY and OEM Advertising revenue grew double-digit YoY Q4'24 Consolidated GAAP Net Income of $45.9 million; Q4'24 Non-GAAP Consolidated Adjusted EBITDA of $76.4 million, up 25% YoY BOSTON, February 20, 2025 - CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buyin…
Read attachment ↗