CarGurus Inc

CARG

Equity

ISIN null / Valor 38366972

NASDAQ (2025-11-20)

USD 33.91-0.03%

CarGurus Inc
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About company

CarGurus Inc, founded in 2006 by Langley Steinert, is a leading automotive shopping site based in Cambridge, Massachusetts. Utilizing technology and data analytics, CarGurus offers a platform with the most car listings in the US, providing users with a comprehensive and user-friendly car-shopping experience. In addition to its presence in the US, CarGurus also operates in Canada and the UK. The company went public on the Nasdaq Global Select Market in 2017, solidifying its position as a key player in the online automotive marketplace.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Total revenue for Q2 2025 reached $234.0 million, marking a 7% increase compared to the same period last year. Marketplace Revenue specifically grew by 14% year-over-year to $222.0 million, underscoring sustained momentum in this segment.

Net Income and Profitability

CarGurus reported a GAAP Net Income of $22.3 million for the three months ended Q2 2025, maintaining a net margin of 10%. Additionally, the Non-GAAP Adjusted EBITDA surged by 39% to $77.3 million, reflecting a robust 33% margin.

Operating Expenses

Operating expenses decreased significantly by 35% to $179.5 million for the quarter, contributing to improved profitability. The reduction in expenses highlights the company’s efficient cost management strategies.

Business Strategy: Wind Down of CarOffer

CarGurus announced its intention to wind down the CarOffer Transactions Business. This strategic move aims to streamline operations and concentrate resources on the core Marketplace business, ensuring long-term growth and stability.

Summarized from source with an LLMView Source

Key figures

-3.56%1Y

155%3Y

49.4%5Y

Performance

40.4%1Y

41.3%3Y

50.8%5Y

Volatility