Every material Form 8-K CarGurus filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
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.
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.
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.
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
CarGurus said CFO Elisa Palazzo will step down effective March 7, 2025. CEO Jason Trevisan will serve as principal financial and principal accounting officer until the company appoints a successor CFO. The filing does not include financial results or a named successor.
Elisa Palazzo will step down as Chief Financial Officer effective March 7, 2025.
CEO Jason Trevisan was designated on February 21, 2025 as principal financial officer and principal accounting officer, effective upon Palazzo's departure.
The company has not yet appointed a successor Chief Financial Officer.
CarGurus reported fourth-quarter 2024 revenue of $228.5 million, up 2% from a year earlier, and GAAP net income of $45.9 million, compared with a net loss of $22.6 million in the prior-year quarter. For the full year, revenue fell 2% to $894.4 million and GAAP net income fell 5% to $21.0 million, after a $144.4 million impairment charge. The company also guided first-quarter 2025 total revenue to $216 million to $236 million.
Q4 2024 Marketplace revenue rose 15% to $210.2 million; Q4 GAAP net income was $45.9 million, or $0.43 diluted EPS
Full-year 2024 total revenue was $894.4 million, down 2%, and included a $144.4 million impairment-related charge
Q4 2024 Non-GAAP Consolidated Adjusted EBITDA was $76.4 million, up 25%
Q1 2025 guidance: total revenue $216 million to $236 million; Non-GAAP EPS $0.41 to $0.47
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every CarGurus filing is on SEC EDGAR ↗. 8-K briefs of other companies →