---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-015502"
form_type: "8-K"
ticker: "CARG"
cik: "0001494259"
company_name: "CarGurus, Inc."
filed_at: "2022-08-08T23:59:59+00:00"
generated_at: "2026-06-24T02:44:55.950255+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CarGurus Q2 revenue up 135% to $511.2M but posts GAAP net loss attributable to common of $10.3M

## Summary
- Total revenue $511.2M (+135% YoY); Marketplace revenue $163.9M (+2%), Wholesale $75.9M (+42%), Product $271.4M (+7,087%).
- GAAP net loss attributable to common stockholders ($10.3M) or ($0.09)/diluted share; Non-GAAP net income $38.0M ($0.32)/diluted share.
- GAAP operating income $23.5M (-39% YoY); Consolidated Adjusted EBITDA $61.2M vs $71.2M in Q2 2021.
- Cash from operations ($5.5M) and free cash flow ($9.9M) vs positive $37.5M and $32.9M a year ago; $368.2M cash, no debt.
- Q3 2022 guidance: revenue $460M-$490M, Consolidated Adjusted EBITDA $44.5M-$52.5M, Non-GAAP EPS $0.25-$0.28.

## SEC filing metadata
- accession: 0000950170-22-015502
- form_type: 8-K
- ticker: CARG
- cik: 0001494259
- company_name: CarGurus, Inc.
- filed_at: 2022-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1494259/000095017022015502/0000950170-22-015502-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1494259/000095017022015502/carg-20220808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-015502
- JSON: https://secwatch.observer/filing/0000950170-22-015502.json
- Plain text: https://secwatch.observer/filing/0000950170-22-015502.txt

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