secwatch.observer — SEC 8-K summary
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Issuer:     CarGurus, Inc. (CARG)
CIK:        0001494259
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000950170-24-123328
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494259/000095017024123328/0000950170-24-123328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494259/000095017024123328/carg-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-123328

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer