secwatch.observer — SEC 8-K summary
======================================

Issuer:     CarGurus, Inc. (CARG)
CIK:        0001494259
Form:       8-K
Filed at:   2025-02-20T23:59:59+00:00
Accession:  0000950170-25-024150
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494259/000095017025024150/0000950170-25-024150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494259/000095017025024150/carg-20250220.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-024150

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