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AI brief of an SEC Form 8-K · CarGurus (CARG)

CarGurus Q4 revenue rises 2% to $228.5 million; full-year revenue falls 2%

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyCarGurus (CARG)
Form8-K, current report
Filed with the SECFeb 20, 2025, 4:10 PM ET
Accession number0000950170-25-024150

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 20, 2025.

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.