Nov 5, 4:10 PM ET
CarGurus reported third-quarter 2026 results for the period ended September 30, 2026, with revenue up 12% year over year to $258.4 million and GAAP net income from continuing operations up 2% to $52.8 million. The company also issued fourth-quarter and full-year 2026 guidance and authorized a $250.0 million share repurchase program, which matters to shareholders because it signals both growth in the core business and capital returned to stockholders.
- Q3 2026 revenue of $258.4 million, up 12% year over year and at the high end of guidance; Adjusted EBITDA from continuing operations of $89.7 million, up 9%
- Q3 diluted EPS from continuing operations of $0.59, versus $0.52 a year earlier; nine-month GAAP net income from continuing operations fell 6% to $134.2 million
- Fourth-quarter 2026 guidance: revenue of $258.5 million to $263.5 million and non-GAAP EPS of $0.73 to $0.79
- Board authorized a $250.0 million share repurchase program; nine-month impairments totaled $20.2 million
Read the filing on SEC.gov ↗
Sep 3, 8:55 AM ET
CarGurus appointed Matthew Mandel as Chief Financial Officer, effective October 19, 2026, replacing CEO Jason Trevisan, who has served as interim principal financial and principal accounting officer since March 2025. Mandel's offer letter includes a $450,000 base salary, a target bonus of up to $450,000, and a $5,500,000 restricted stock unit grant, which matters to shareholders because it sets the compensation terms for the company's top finance role.
- Matthew Mandel, 42, is currently Chief Financial Officer and Chief Operating Officer at Fleetio, a role he has held since November 2023.
- Jason Trevisan will step down as interim principal financial and principal accounting officer on the start date and will continue as Chief Executive Officer.
- Offer letter terms: $450,000 annual base salary, target bonus of up to $450,000, $250,000 sign-on bonus, and a $5,500,000 restricted stock unit grant.
- Severance if terminated without Cause or for Good Reason is nine months of base salary plus nine months of COBRA premiums, paid in a lump sum.
Read the filing on SEC.gov ↗
Aug 6, 4:11 PM ET
CarGurus reported second-quarter 2026 revenue of $251.0 million, up 13% year over year, and diluted earnings per share from continuing operations of $0.54, up from $0.49. GAAP net income from continuing operations was flat at $49.2 million. The company also amended its credit agreement, cutting revolving commitments from $400.0 million to $200.0 million and extending maturity to August 6, 2031.
- Q2 2026 revenue was $251.0 million, up 13% year over year; non-GAAP adjusted EBITDA from continuing operations was $84.7 million, up 7%.
- GAAP net income from continuing operations was $49.2 million, flat year over year; diluted EPS from continuing operations was $0.54 versus $0.49.
- Third-quarter 2026 guidance: total revenue of $253.5 million to $258.5 million and non-GAAP adjusted EBITDA from continuing operations of $82.0 million to $90.0 million.
- On August 6, 2026, the First Amendment to the credit agreement reduced revolving commitments from $400.0 million to $200.0 million and extended the facility's maturity from September 26, 2027 to August 6, 2031.
Read the filing on SEC.gov ↗
May 7, 4:12 PM ET
CarGurus reported first-quarter 2026 revenue of $243.6 million, up 15% from a year earlier, and non-GAAP Adjusted EBITDA from continuing operations of $80.2 million, up 17%. GAAP net income from continuing operations fell 23% to $32.2 million after $19.7 million of impairments, and the company repurchased $175 million of shares in the quarter. The company also issued second-quarter and full-year 2026 guidance, which calls for revenue of $247.0 million to $252.0 million in the second quarter.
- Q1 2026 revenue was $243.6 million, up 15% year over year; GAAP net income from continuing operations was $32.2 million, down 23%
- GAAP diluted EPS from continuing operations was $0.34 versus $0.40 a year earlier; non-GAAP Adjusted EBITDA margin was 33%
- Impairments of $19.7 million were recorded in the quarter
- Q2 2026 guidance: revenue of $247.0 million to $252.0 million and non-GAAP EPS from continuing operations of $0.57 to $0.64; full-year revenue growth guided to 10% to 13%
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.