---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-059370"
form_type: "8-K"
ticker: "CARG"
cik: "0001494259"
company_name: "CarGurus, Inc."
filed_at: "2026-02-19T23:59:59+00:00"
generated_at: "2026-05-16T01:42:58.449924+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CarGurus Q4 rev $241M (+15%), FY net inc $196.7M (+53%), authorizes $250M buyback

## Summary
- Q4 2025 revenue $241.1M (+15% YoY); GAAP net income $53.7M (+12% YoY).
- Full-year 2025 revenue from continuing ops $907.0M (+14% YoY); GAAP net income $196.7M (+53%).
- Non-GAAP Adjusted EBITDA from continuing ops FY 2025 $319.0M (+25% YoY), margin 35%.
- Repurchased ~$350M shares in 2025; new $250M share repurchase program authorized for 2026.
- Gross margin 93% for FY 2025 (up 160 bps YoY); cash $190.5M.

## SEC filing metadata
- accession: 0001193125-26-059370
- form_type: 8-K
- ticker: CARG
- cik: 0001494259
- company_name: CarGurus, Inc.
- filed_at: 2026-02-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1494259/000119312526059370/0001193125-26-059370-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1494259/000119312526059370/carg-20260219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-059370
- JSON: https://secwatch.observer/filing/0001193125-26-059370.json
- Plain text: https://secwatch.observer/filing/0001193125-26-059370.txt

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