---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-269539"
form_type: "8-K"
ticker: "CARG"
cik: "0001494259"
company_name: "CarGurus, Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:37:57.650747+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CarGurus Q3 Marketplace revenue up 14% YoY to $231.7M; net income $44.7M

## Summary
- Marketplace revenue $231.7M (+14% YoY); total revenue $238.7M (+3% YoY).
- GAAP net income $44.7M (+99% YoY); Non-GAAP adjusted EBITDA $78.7M (+21% YoY).
- Repurchased $111M of shares in Q3; 23% of outstanding shares bought since Dec 2022.
- Advanced AI tools: PriceVantage, Dealership Mode, and CG Discover.

## SEC filing metadata
- accession: 0001193125-25-269539
- form_type: 8-K
- ticker: CARG
- cik: 0001494259
- company_name: CarGurus, Inc.
- filed_at: 2025-11-06T23:59:59+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/1494259/000119312525269539/0001193125-25-269539-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1494259/000119312525269539/carg-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-269539
- JSON: https://secwatch.observer/filing/0001193125-25-269539.json
- Plain text: https://secwatch.observer/filing/0001193125-25-269539.txt

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