{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-019627","form_type":"8-K","ticker":"CARG","cik":"0001494259","company_name":"CarGurus, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.039246+00:00","generated_at":"2026-06-15T08:53:24.715707+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CarGurus Q1 revenue $232M (-46% YoY); marketplace up 2%; GAAP EPS $0.10; Q2 rev guidance $220-240M","bullets":["Total revenue $232.0M, down 46% YoY; Marketplace revenue $167.1M (+2%); Wholesale $25.2M (-72%); Product $39.7M (-78%).","GAAP net income attributable to common stockholders $16.1M ($0.10 diluted EPS) vs $(62.1M) loss; non-GAAP net income $30.3M ($0.26).","Consolidated Adjusted EBITDA $40.8M, down 38% YoY; cash from ops $66.3M; free cash flow $60.5M.","Q2 2023 guidance: total revenue $220-240M; product revenue $26-36M; Consolidated Adj. EBITDA $34-42M; non-GAAP EPS $0.22-0.25.","Digital Wholesale segment revenue $64.8M (-76%), operating loss $11.2M; U.S. Marketplace revenue $155.6M (+2%), operating income $26.5M."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-019627","json":"https://secwatch.observer/filing/0000950170-23-019627.json","markdown":"https://secwatch.observer/filing/0000950170-23-019627.md","text":"https://secwatch.observer/filing/0000950170-23-019627.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1494259/000095017023019627/0000950170-23-019627-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1494259/000095017023019627/carg-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T08:53:24.715707+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":"8197e4eb2a5b22b26fbc82a6d83d43fcca631a68","claim":"CarGurus, Inc. reported first quarter ended March 31, 2023 results: revenue $232.0 million, net income $16.1 million, EPS $0.10 per fully diluted share.","evidence_excerpt":"by specific reference in such filing. --- EX-99 (EX-99.1) --- EX-99 Exhibit 99.1 CarGurus Announces First Quarter 2023 Results First Quarter Highlights: • Total revenue of $232.0 million • GAAP operating income of $14.1 million; non-GAAP operating income of $36.6 million • GAAP consolidated net income of $11.9 million; non-GAAP consolidated net income of $29.0","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1494259/000095017023019627/0000950170-23-019627-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$232.0 million"},{"label":"Net income","value":"$16.1 million"},{"label":"EPS","value":"$0.10 per fully diluted share"},{"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"}