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

CarGurus Q1 revenue rises 15% to $244 million; GAAP net income falls 23%

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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%

The filing

CompanyCarGurus (CARG)
Form8-K, current report
Filed with the SECMay 7, 2026, 4:12 PM ET
Accession number0001193125-26-211932

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 07, 2026.

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.