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

CarGurus Q2 revenue up 13% to $251.0 million; credit facility cut to $200 million

Positive Impact 3 of 5 earnings Written later

CarGurus reported second-quarter 2026 revenue of $251.0 million, up 13% year over year, and diluted earnings per share from continuing operations of $0.54, up from $0.49. GAAP net income from continuing operations was flat at $49.2 million. The company also amended its credit agreement, cutting revolving commitments from $400.0 million to $200.0 million and extending maturity to August 6, 2031.

Key points

  • Q2 2026 revenue was $251.0 million, up 13% year over year; non-GAAP adjusted EBITDA from continuing operations was $84.7 million, up 7%.
  • GAAP net income from continuing operations was $49.2 million, flat year over year; diluted EPS from continuing operations was $0.54 versus $0.49.
  • Third-quarter 2026 guidance: total revenue of $253.5 million to $258.5 million and non-GAAP adjusted EBITDA from continuing operations of $82.0 million to $90.0 million.
  • On August 6, 2026, the First Amendment to the credit agreement reduced revolving commitments from $400.0 million to $200.0 million and extended the facility's maturity from September 26, 2027 to August 6, 2031.

The filing

CompanyCarGurus (CARG)
Form8-K, current report
Filed with the SECAug 6, 2026, 4:11 PM ET
Accession number0001193125-26-338014

Items reported: 1.01 Material Definitive Agreement2.02 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 August 06, 2026.

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.