secwatch.observer — SEC 8-K summary
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Issuer:     CarGurus, Inc. (CARG)
CIK:        0001494259
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001193125-25-269539
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494259/000119312525269539/0001193125-25-269539-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494259/000119312525269539/carg-20251106.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-269539

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