---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-123328"
form_type: "8-K"
ticker: "CARG"
cik: "0001494259"
company_name: "CarGurus, Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:28:54.003853+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CarGurus Q3 Marketplace revenue up 15% YoY; adj. EBITDA $64.9M, net income $22.5M

## Summary
- Marketplace revenue $204.0M (+15% YoY); total revenue $231.4M (+5%).
- GAAP net income $22.5M (+19% YoY); Non-GAAP adj. EBITDA $64.9M (+33%).
- Board authorized $200.0M share repurchase program for fiscal year 2025.
- Wholesale revenue $12.1M (-44%); product revenue $15.2M (-23%).
- Cash and short-term investments $246.7M at quarter end.

## SEC filing metadata
- accession: 0000950170-24-123328
- form_type: 8-K
- ticker: CARG
- cik: 0001494259
- company_name: CarGurus, Inc.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1494259/000095017024123328/0000950170-24-123328-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1494259/000095017024123328/carg-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-123328
- JSON: https://secwatch.observer/filing/0000950170-24-123328.json
- Plain text: https://secwatch.observer/filing/0000950170-24-123328.txt

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