{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-040560","form_type":"8-K","ticker":"CARG","cik":"0001494259","company_name":"CarGurus, Inc.","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.081705+00:00","generated_at":"2026-06-11T21:52:43.235654+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"CarGurus Q2 GAAP net income $16.4M; rev down 53% YoY; Q3 guidance issued","bullets":["Consolidated revenue $239.7M (-53% YoY); Marketplace revenue $171M (+4%), Wholesale $32M (-58%).","GAAP net income attributable to common stockholders $16.4M ($0.12/diluted), up 259% YoY; non-GAAP $33M ($0.29), down 13%.","Consolidated Adjusted EBITDA $45.2M (-26% YoY), exceeding high-end of guidance range.","Digital Deal adoption reaches 2,900 dealers with over 250,000 digitally-enabled listings; Digital Wholesale segment operating loss $(6.3)M.","Q3 2023 guidance: total revenue $201-221M, product revenue $15-25M, non-GAAP Adj. EBITDA $36-44M, non-GAAP EPS $0.24-0.27."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-040560","json":"https://secwatch.observer/filing/0000950170-23-040560.json","markdown":"https://secwatch.observer/filing/0000950170-23-040560.md","text":"https://secwatch.observer/filing/0000950170-23-040560.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1494259/000095017023040560/0000950170-23-040560-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1494259/000095017023040560/carg-20230809.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T21:52:43.235654+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":"f04c66cc2c65f7c3260c7f74617f6480011432c4","claim":"CarGurus, Inc. reported second quarter ended June 30, 2023 results: revenue $239.7 million, net income $13.8 million, EPS $0.12 per fully diluted share.","evidence_excerpt":"an online platform that supports both consumer and dealer customers at every stage of the buying and selling journey.\" Second Quarter Financial Highlights • Total revenue of $239.7 million, a decrease of (53)% year-over-year. ▪ Marketplace revenue was $171.0 million, an increase of 4% year-over-year. ▪ Wholesale revenue was $32.0 million, a decrease of (58)%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1494259/000095017023040560/0000950170-23-040560-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"$239.7 million"},{"label":"Net income","value":"$13.8 million"},{"label":"EPS","value":"$0.12 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"}