Every material Form 8-K CarGurus has filed with the SEC since November 07, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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.
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.
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%
CarGurus reported fourth-quarter and full-year 2025 results on February 19, 2026. Full-year revenue from continuing operations grew 14% to $907.0 million, and GAAP net income from continuing operations rose 53% to $196.7 million. The company also set 2026 guidance and announced a new $250.0 million share repurchase program.
Full-year 2025 revenue of $907.0 million, up 14%; GAAP net income from continuing operations of $196.7 million, up 53%
Fourth-quarter 2025 revenue of $241.1 million, up 15%; GAAP net income from continuing operations of $53.7 million, up 12%
2026 guidance: full-year revenue growth of 10% to 13%; first-quarter revenue of $240.5 million to $245.5 million
New $250.0 million share repurchase program for 2026, after about $350 million of shares repurchased in 2025
CarGurus reported third-quarter 2025 results for the period ended September 30, 2025. Marketplace revenue rose 14% year over year to $231.7 million, and GAAP net income rose 99% to $44.7 million, or $0.45 per diluted share. The company also issued fourth-quarter and full-year 2025 guidance, forecasting Marketplace revenue of $236.0 million to $241.0 million for the quarter and $902.0 million to $907.0 million for the year.
Total revenue rose 3% to $238.7 million, while wholesale revenue fell 81% and product revenue fell 69%.
GAAP diluted EPS was $0.45 versus $0.21 a year earlier; non-GAAP Adjusted EBITDA was $78.7 million, up 21%.
Q4 2025 non-GAAP EPS guidance is $0.61 to $0.67; full-year 2025 guidance is $2.19 to $2.25.
The company repurchased $111 million of shares in Q3 2025 and has repurchased 23% of shares outstanding since December 2022.
CarGurus reported second-quarter 2025 revenue of $234.0 million, up 7% from a year earlier, and GAAP net income of $22.3 million, compared with a net loss of $68.7 million a year earlier. The company also decided to wind down its CarOffer transactions business, with expected total expenditures of $14.0 million to $19.0 million, which will weigh on results in the second half of 2025.
Q2 2025 total revenue was $234.0 million, up 7%; Marketplace revenue was $222.0 million, up 14%.
GAAP net income was $22.3 million, or $0.22 per diluted share, versus a net loss of $68.7 million in Q2 2024; non-GAAP Adjusted EBITDA was $77.3 million, up 39%.
CarOffer wind-down expected to cost $14.0 million to $19.0 million, mostly in the second half of 2025, with the company expecting to substantially complete the wind-down in the second half of 2025.
Board approved an additional $150 million share repurchase, raising the 2025 authorization to $350 million and extending it through July 2026.
CarGurus reported first quarter 2025 results for the period ended March 31, 2025, with total revenue of $225.2 million, up 4% from a year earlier, and GAAP net income of $39.0 million, up 83%. Marketplace revenue grew 13%, while wholesale and product revenue fell 52% and 58%, and the company repurchased $184.2 million of its shares during the quarter. The company also issued second quarter 2025 guidance for total revenue of $222.0 million to $242.0 million and non-GAAP earnings per share of $0.52 to $0.58.
Total revenue was $225.2 million, up 4% year over year; Marketplace revenue was $212.2 million, up 13%
GAAP net income was $39.0 million, up 83%, and diluted earnings per share were $0.37 versus $0.20 a year earlier
Non-GAAP Adjusted EBITDA was $66.3 million, up 32%, with a 29% margin
Second quarter 2025 guidance: total revenue of $222.0 million to $242.0 million and non-GAAP earnings per share of $0.52 to $0.58
CarGurus said CFO Elisa Palazzo will step down effective March 7, 2025. CEO Jason Trevisan will serve as principal financial and principal accounting officer until the company appoints a successor CFO. The filing does not include financial results or a named successor.
Elisa Palazzo will step down as Chief Financial Officer effective March 7, 2025.
CEO Jason Trevisan was designated on February 21, 2025 as principal financial officer and principal accounting officer, effective upon Palazzo's departure.
The company has not yet appointed a successor Chief Financial Officer.
CarGurus reported fourth-quarter 2024 revenue of $228.5 million, up 2% from a year earlier, and GAAP net income of $45.9 million, compared with a net loss of $22.6 million in the prior-year quarter. For the full year, revenue fell 2% to $894.4 million and GAAP net income fell 5% to $21.0 million, after a $144.4 million impairment charge. The company also guided first-quarter 2025 total revenue to $216 million to $236 million.
Q4 2024 Marketplace revenue rose 15% to $210.2 million; Q4 GAAP net income was $45.9 million, or $0.43 diluted EPS
Full-year 2024 total revenue was $894.4 million, down 2%, and included a $144.4 million impairment-related charge
Q4 2024 Non-GAAP Consolidated Adjusted EBITDA was $76.4 million, up 25%
Q1 2025 guidance: total revenue $216 million to $236 million; Non-GAAP EPS $0.41 to $0.47
CarGurus reported third-quarter 2024 total revenue of $231.4 million, up 5% from a year earlier, and GAAP net income of $22.5 million, up 19%. Nine-month results were weaker, with total revenue down 4% and a net loss of $24.9 million driven by $144.4 million of impairment-related charges. The board also authorized a $200.0 million share repurchase program for fiscal year 2025.
Q3 2024 Marketplace revenue was $204.0 million, up 15%, while total revenue rose 5% to $231.4 million.
Q3 GAAP net income was $22.5 million, up 19%; nine-month GAAP net loss was $24.9 million, including $144.4 million of impairment-related charges.
Q4 2024 guidance: total revenue of $219 million to $239 million and non-GAAP EPS of $0.50 to $0.55; full-year 2024 total revenue of $885 million to $905 million.
Board authorized a $200.0 million share repurchase program for fiscal year 2025.
CarGurus reported second quarter 2024 results with total revenue of $218.7 million, down 9% from a year earlier, and a GAAP net loss of $68.7 million, compared with net income of $13.8 million in the same period of 2023. Marketplace revenue rose 14% to $195.2 million, while the net loss reflects a $127.7 million goodwill and long-lived asset impairment. The company also gave third quarter 2024 guidance for total revenue of $212 million to $232 million.
Q2 2024 total revenue was $218.7 million, down 9% year over year; Marketplace revenue rose 14% to $195.2 million.
GAAP net loss was $68.7 million, or $0.66 per diluted share, versus net income of $13.8 million in Q2 2023; the loss includes $127.7 million in impairment charges.
Non-GAAP Consolidated Adjusted EBITDA was $55.6 million, up 23% year over year, with a 25% margin.
Third quarter 2024 guidance: total revenue of $212 million to $232 million, Non-GAAP EPS of $0.38 to $0.44.
CarGurus reported first quarter 2024 results on May 9, 2024. Total revenue fell 7% year over year to $215.8 million, as product revenue dropped 69% and wholesale revenue dropped 36%, while marketplace revenue rose 12% to $187.2 million. GAAP net income rose 80% to $21.3 million and non-GAAP adjusted EBITDA rose 24% to $50.4 million, and the company guided second quarter total revenue to $202 million to $222 million.
Total revenue $215.8 million, down 7%; marketplace revenue $187.2 million, up 12%
GAAP consolidated net income $21.3 million, up 80%; non-GAAP adjusted EBITDA $50.4 million, up 24%
Second quarter 2024 guidance: total revenue $202 million to $222 million; non-GAAP EPS $0.29 to $0.34
Repurchased $81.1 million of shares in the first quarter, representing 3.3% of outstanding capital
CarGurus reported fourth-quarter 2023 total revenue of $223.1 million, down 22% from a year earlier, and a GAAP consolidated net loss of $22.6 million, compared with net income of $23.2 million in the prior-year quarter. Marketplace revenue rose 10% to $182.3 million, and non-GAAP consolidated adjusted EBITDA rose 120% to $61.2 million, but the GAAP loss was driven in part by $55.5 million of stock-based compensation tied to CarOffer, LLC Units. The company also gave first-quarter 2024 revenue guidance of $201 million to $221 million.
Q4 2023 total revenue was $223.1 million, down 22%; full-year revenue was $914.2 million, down 45%.
Q4 GAAP consolidated net loss was $(22.6) million; full-year GAAP consolidated net income was $22.1 million, down 72%.
Q1 2024 guidance: total revenue of $201 million to $221 million, adjusted EBITDA of $41 million to $49 million, non-GAAP EPS of $0.24 to $0.29.
Chief People Officer Andrea Eldridge steps down effective April 5, 2024, with a $258,750 lump-sum severance payment.
CarGurus disclosed in an 8-K that Chief People Officer Andrea Eldridge will step down from the role effective April 5, 2024. The filing does not name a successor or give a reason for the departure, and it does not report any financial results.
Andrea Eldridge will step down as Chief People Officer effective April 5, 2024.
The filing was dated January 12, 2024, and signed by General Counsel and Corporate Secretary Javier Zamora.
The filing does not name a successor or state the reason for the departure.
CarGurus reported third-quarter 2023 total revenue of $219.4 million, down 49% year-over-year, while GAAP diluted EPS rose to $0.17 from $0.14 and Consolidated Adjusted EBITDA rose 48% to $48.6 million. The company also agreed on November 6, 2023 to acquire the remaining interest in CarOffer for $75.0 million in cash and authorized a $250.0 million share repurchase program effective January 1, 2024.
Q3 total revenue $219.4 million, down 49% year-over-year; Digital Wholesale segment revenue $41.5 million, down 84%; product revenue $19.8 million, down 91%.
GAAP net income attributable to common stockholders $22.3 million, or $0.17 per diluted share, versus $0.14 a year earlier.
Fourth-quarter 2023 total revenue guidance $208 million to $228 million; full-year 2023 guidance $899 million to $919 million.
CarOffer acquisition for $75.0 million in cash, expected to close in Q4 2023; $250.0 million buyback runs through December 31, 2024.
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