CarGurus Q2 revenue rises 7% to $234.0 million; plans to wind down CarOffer business
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.
Key points
- 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.
The filing
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 August 07, 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.