secwatch.observer — SEC 8-K summary
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Issuer:     CarGurus, Inc. (CARG)
CIK:        0001494259
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0000950170-25-105025
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494259/000095017025105025/0000950170-25-105025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494259/000095017025105025/carg-20250806.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-105025

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