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

CarGurus Q1 2025 revenue rises 4% to $225.2 million; net income up 83%

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyCarGurus (CARG)
Form8-K, current report
Filed with the SECMay 8, 2025, 4:10 PM ET
Accession number0000950170-25-066948

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing 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 May 08, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.