---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-024150"
form_type: "8-K"
ticker: "CARG"
cik: "0001494259"
company_name: "CarGurus, Inc."
filed_at: "2025-02-20T23:59:59+00:00"
generated_at: "2026-05-26T08:32:18.861171+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CarGurus Q4 2024: Marketplace revenue up 15% to $210.2M, adjusted EBITDA up 25% to $76.4M

## Summary
- Q4 Marketplace revenue $210.2M (+15% YoY); International revenue +26% YoY; OEM advertising double-digit growth.
- Q4 GAAP net income $45.9M; Non-GAAP adjusted EBITDA $76.4M (+25% YoY); adjusted EBITDA margin 33%.
- Full year 2024 Marketplace revenue $796.6M (+14% YoY); total revenue $894.4M (-2% YoY).
- Full year GAAP net income $21.0M (includes $144.4M impairment); adjusted EBITDA $247.2M (+26% YoY).
- Cash and short-term investments $304.2M; margin expansion from premium tier migration and dealer ROI.

## SEC filing metadata
- accession: 0000950170-25-024150
- form_type: 8-K
- ticker: CARG
- cik: 0001494259
- company_name: CarGurus, Inc.
- filed_at: 2025-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1494259/000095017025024150/0000950170-25-024150-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1494259/000095017025024150/carg-20250220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-024150
- JSON: https://secwatch.observer/filing/0000950170-25-024150.json
- Plain text: https://secwatch.observer/filing/0000950170-25-024150.txt

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