{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-023186","form_type":"8-K","ticker":"CARG","cik":"0001494259","company_name":"CarGurus, Inc.","filed_at":"2022-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.841338+00:00","generated_at":"2026-06-22T03:23:04.580975+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CarGurus Q3 revenue up 91% to $426.5M but misses guidance; Q4 outlook sharply lower","bullets":["Total revenue $426.5M (+91% YoY), product revenue $214.1M (+1,105%), but missed low end of guidance.","GAAP net income to common $107.0M ($0.14 diluted EPS); non-GAAP EPS $0.21 vs $0.36 YoY.","Consolidated Adjusted EBITDA $32.9M vs $68.3M YoY; free cash flow $68.9M.","Q4 guidance: revenue $270-300M, Adj EBITDA $6-14M, implying steep sequential decline.","CEO cautions Q3 fell short, cites need to accelerate transformation; $404M cash on hand."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-023186","json":"https://secwatch.observer/filing/0000950170-22-023186.json","markdown":"https://secwatch.observer/filing/0000950170-22-023186.md","text":"https://secwatch.observer/filing/0000950170-22-023186.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1494259/000095017022023186/0000950170-22-023186-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1494259/000095017022023186/carg-20221108.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T03:23:04.580975+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4dd70e583a9b89b3f4292f944912b98db02682c7","claim":"CarGurus, Inc. reported third quarter ended September 30, 2022 results: revenue $426.5 million, net income $18.8 million, EPS $0.14.","evidence_excerpt":"specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 CarGurus Announces Third Quarter 2022 Results Third Quarter Highlights: • Total revenue of $426.5 million, an increase of 91% year-over-year • GAAP operating income of $28.7 million; non-GAAP operating income of $29.4 million • GAAP consolidated net income of $18.8 million; non-GAAP","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1494259/000095017022023186/0000950170-22-023186-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2022"},{"label":"Revenue","value":"$426.5 million"},{"label":"Net income","value":"$18.8 million"},{"label":"EPS","value":"$0.14"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}