---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-020133"
form_type: "8-K"
ticker: "CARG"
cik: "0001494259"
company_name: "CarGurus, Inc."
filed_at: "2024-02-26T23:59:59+00:00"
generated_at: "2026-06-05T15:04:02.532999+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CarGurus Q4 marketplace revenue up 10% YoY; net loss $22.6M; CPO Eldridge to step down

## Summary
- Q4 marketplace revenue $182.3M (+10% YoY), fastest growth in 10 quarters.
- Q4 GAAP net loss of $22.6M vs prior year net income; non-GAAP adj. EBITDA $61.2M (+120% YoY).
- Repurchased $99.9M of shares in Q4, total $204.1M in FY 2023.
- CPO Andrea Eldridge to depart effective April 5, 2024; severance of $258,750 and equity acceleration.
- Completed CarOffer acquisition in Dec 2023, expanding digital wholesale addressable market.

## SEC filing metadata
- accession: 0000950170-24-020133
- form_type: 8-K
- ticker: CARG
- cik: 0001494259
- company_name: CarGurus, Inc.
- filed_at: 2024-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1494259/000095017024020133/0000950170-24-020133-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1494259/000095017024020133/carg-20240226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-020133
- JSON: https://secwatch.observer/filing/0000950170-24-020133.json
- Plain text: https://secwatch.observer/filing/0000950170-24-020133.txt

## Key facts
- Earnings Releases
  CarGurus, Inc. reported financial results for the quarter and year ended December 31, 2023.
  - Period: the quarter and year ended December 31, 2023
  - Result: reported results
  source text: On February 26, 2024, CarGurus, Inc. (the "Company") announced its financial results for the quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1494259/000095017024020133/0000950170-24-020133-index.htm
- Executive change
  Andrea Eldridge departed as Chief People Officer at CarGurus, Inc..
  - Action: stepped down
  - Role: Chief People Officer
  source text: On January 12, 2024, the Company announced that, effective as of April 5, 2024 (the “Separation Date”), Andrea Eldridge will step down as the Chief People Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1494259/000095017024020133/0000950170-24-020133-index.htm

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