---
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"
generated_at: "2026-05-17T17:28:11.401577+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CarGurus Q2 Marketplace rev up 14%, net income $22.3M; wind down CarOffer with $14-19M costs

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-105025
- JSON: https://secwatch.observer/filing/0000950170-25-105025.json
- Plain text: https://secwatch.observer/filing/0000950170-25-105025.txt

## Key facts
- Restructurings & Charges
  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.
  - Type: restructuring
  - Charge: approximately $14.0 million to $19.0 million
  - Affected area: CarOffer, LLC (CarOffer), including the Dealer-to-Dealer and Instant Max Cash Offer products
  source text: The Company expects to incur total expenditures in the range of approximately $14.0 million to $19.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1494259/000095017025105025/0000950170-25-105025-index.htm

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