---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-066948"
form_type: "8-K"
ticker: "CARG"
cik: "0001494259"
company_name: "CarGurus, Inc."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T04:00:53.809173+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CarGurus Q1 net income up 83% to $39M; Marketplace revenue +13% YoY

## Summary
- Total revenue $225.2M (+4% YoY); Marketplace revenue $212.2M (+13%).
- GAAP net income $39.0M (17% margin); Non-GAAP adjusted EBITDA $66.3M (+32%).
- Wholesale revenue fell 52% to $7.7M; Product revenue down 58% to $5.2M.
- Repurchased $184.2M of shares in Q1 (6% of outstanding capital).
- Cash and equivalents $172.9M at quarter end.

## SEC filing metadata
- accession: 0000950170-25-066948
- form_type: 8-K
- ticker: CARG
- cik: 0001494259
- company_name: CarGurus, Inc.
- filed_at: 2025-05-08T23:59:59+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/1494259/000095017025066948/0000950170-25-066948-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1494259/000095017025066948/carg-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-066948
- JSON: https://secwatch.observer/filing/0000950170-25-066948.json
- Plain text: https://secwatch.observer/filing/0000950170-25-066948.txt

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