{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-056887","form_type":"8-K","ticker":"CARG","cik":"0001494259","company_name":"CarGurus, Inc.","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.650407+00:00","generated_at":"2026-06-02T05:33:38.724742+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 Q1 net income up 80% to $21.3M; marketplace revenue up 12% YoY to $187.2M","bullets":["Marketplace revenue $187.2M (+12% YoY); QARSD growth 14% YoY; paying dealers increased.","Wholesale revenue $16.1M (-36% YoY); Product revenue $12.5M (-69% YoY); total revenue $215.8M (-7%).","GAAP net income $21.3M (+80% YoY); Non-GAAP adjusted EBITDA $50.4M (+24% YoY); margin 23% (+577 bps).","Repurchased $81.1M worth of shares in Q1, representing 3.3% of outstanding capital.","Cash and equivalents $246.3M (-21% YoY)."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-056887","json":"https://secwatch.observer/filing/0000950170-24-056887.json","markdown":"https://secwatch.observer/filing/0000950170-24-056887.md","text":"https://secwatch.observer/filing/0000950170-24-056887.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1494259/000095017024056887/0000950170-24-056887-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1494259/000095017024056887/carg-20240509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T05:33:38.724742+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":"6108eb52288f1dade4365e60a96cf497a24dce6e","claim":"CarGurus, Inc. reported the first quarter ended March 31, 2024 results: revenue $215.8 million, net income $21.3 million.","evidence_excerpt":"On May 9, 2024, CarGurus, Inc. (the \"Company\") announced its financial results for the quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1494259/000095017024056887/0000950170-24-056887-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$215.8 million"},{"label":"Net income","value":"$21.3 million"},{"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"}