---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-008473"
form_type: "8-K"
ticker: "CARG"
cik: "0001494259"
company_name: "CarGurus, Inc."
filed_at: "2022-05-09T23:59:59+00:00"
generated_at: "2026-06-25T22:22:00.311521+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CarGurus Q1 revenue $430.6M (+151% YoY); Q2 revenue guidance $480-510M

## Summary
- Total revenue $430.6M, up 151% YoY; marketplace +5%, wholesale +559%, product +9,896%.
- Non-GAAP operating income $62.2M, up 28% YoY; GAAP net loss ($62.1M) driven by redeemable noncontrolling interests.
- Q2 guidance: revenue $480-510M, non-GAAP op income $44-52M, non-GAAP EPS $0.26-0.29.
- Paying dealers 30,867 (-1%), U.S. QARSD $5,713 (+5%); U.S. monthly unique users 31.1M (-15%).
- Cash $375M, no debt; free cash flow $89.3M, up 114% YoY.

## SEC filing metadata
- accession: 0000950170-22-008473
- form_type: 8-K
- ticker: CARG
- cik: 0001494259
- company_name: CarGurus, Inc.
- filed_at: 2022-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1494259/000095017022008473/0000950170-22-008473-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1494259/000095017022008473/carg-20220509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-008473
- JSON: https://secwatch.observer/filing/0000950170-22-008473.json
- Plain text: https://secwatch.observer/filing/0000950170-22-008473.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.