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

CarGurus Q3 Marketplace revenue rises 14% to $231.7 million

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyCarGurus (CARG)
Form8-K, current report
Filed with the SECNov 6, 2025, 4:12 PM ET
Accession number0001193125-25-269539

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 November 06, 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.