{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-005075","form_type":"8-K","ticker":"CARG","cik":"0001494259","company_name":"CarGurus, Inc.","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.240588+00:00","generated_at":"2026-06-18T21:51:47.664532+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"CarGurus Q4 revenue falls 16% to $286.7M; Q1 2023 guidance well below Q4 run rate","bullets":["Q4 total revenue $286.7M, down 16% YoY; Digital Wholesale segment revenue fell 33% to $120.5M.","GAAP consolidated net income $23.2M (vs $34.2M); non-GAAP consolidated net income $17.4M (vs $61.8M).","Q1 2023 guidance: total revenue $195-215M, product revenue $21-31M, non-GAAP adjusted EBITDA $19-27M.","Ended Q4 with $469.5M cash and $400M revolver; free cash flow Q4 $90.5M.","Now reporting two segments: U.S. Marketplace op income $34.8M, Digital Wholesale op loss $2.6M."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-005075","json":"https://secwatch.observer/filing/0000950170-23-005075.json","markdown":"https://secwatch.observer/filing/0000950170-23-005075.md","text":"https://secwatch.observer/filing/0000950170-23-005075.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1494259/000095017023005075/0000950170-23-005075-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1494259/000095017023005075/carg-20230228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T21:51:47.664532+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}