{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-105025","form_type":"8-K","ticker":"CARG","cik":"0001494259","company_name":"CarGurus, Inc.","filed_at":"2025-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.113980+00:00","generated_at":"2026-05-17T17:28:11.401577+00:00","sec_items":["2.02","2.05","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"CarGurus Q2 Marketplace rev up 14%, net income $22.3M; wind down CarOffer with $14-19M costs","bullets":["Q2 total revenue $234M, up 7% YoY; Marketplace revenue $222M, up 14% YoY.","GAAP net income $22.3M; Non-GAAP adjusted EBITDA $77.3M, up 39% YoY.","Board approved additional $150M share repurchase, increasing 2025 authorization to $350M through July 2026.","Wind down CarOffer transactions business; expects $14-19M total costs, primarily in H2 2025.","Wind-down costs include $5M-$7M restructuring and $8M-$10M other cash costs, plus $1M-$2M non-cash charges."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-105025","json":"https://secwatch.observer/filing/0000950170-25-105025.json","markdown":"https://secwatch.observer/filing/0000950170-25-105025.md","text":"https://secwatch.observer/filing/0000950170-25-105025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1494259/000095017025105025/0000950170-25-105025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1494259/000095017025105025/carg-20250806.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T17:28:11.401577+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bccd55b977c11cac972c0161b40bf9c28e32c2bb","claim":"CarGurus, Inc. announced a restructuring with charges of approximately $14.0 million to $19.0 million affecting CarOffer, LLC (CarOffer), including the Dealer-to-Dealer and Instant Max Cash Offer products.","evidence_excerpt":"The Company expects to incur total expenditures in the range of approximately $14.0 million to $19.0 million","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1494259/000095017025105025/0000950170-25-105025-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $14.0 million to $19.0 million"},{"label":"Affected area","value":"CarOffer, LLC (CarOffer), including the Dealer-to-Dealer and Instant Max Cash Offer products"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}