---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-093892"
form_type: "8-K"
ticker: "CARG"
cik: "0001494259"
company_name: "CarGurus, Inc."
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T10:49:58.942992+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CarGurus Q2: Marketplace rev +14% YoY; GAAP net loss $68.7M on $127.7M impairment, adj EBITDA $55.6M

## Summary
- Total revenue $218.7M (-9% YoY); Marketplace $195.2M (+14%); Wholesale $13.1M (-59%); Product $10.4M (-72%).
- GAAP net loss of $68.7M (incl $127.7M goodwill impairment); Non-GAAP adj EBITDA $55.6M (+23%), margin 25%.
- Gross profit $182.4M (+11%), margin 83% up 1,496 bps; Operating expenses $276.0M (+89%) due to impairment.
- Repurchased $61M of shares in Q2 (2.5% of outstanding); Cash & short-term investments $216.2M (-31%).

## SEC filing metadata
- accession: 0000950170-24-093892
- form_type: 8-K
- ticker: CARG
- cik: 0001494259
- company_name: CarGurus, Inc.
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1494259/000095017024093892/0000950170-24-093892-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1494259/000095017024093892/carg-20240808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-093892
- JSON: https://secwatch.observer/filing/0000950170-24-093892.json
- Plain text: https://secwatch.observer/filing/0000950170-24-093892.txt

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