secwatch.observer — SEC 8-K summary
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Issuer:     CarGurus, Inc. (CARG)
CIK:        0001494259
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0000950170-25-066948
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494259/000095017025066948/0000950170-25-066948-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494259/000095017025066948/carg-20250508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-066948

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