CarGurus Q1 revenue $243.6M (+15% YoY); Adj EBITDA $80.2M above guidance high end

CarGurus, Inc.

2026-Q1 EPS reported $0.34 revenue$243,555,000

GAAP net income from continuing ops $32.2M, down 23% YoY; includes $19.7M impairment charges.
Non-GAAP Adjusted EBITDA $80.2M, up 17% YoY; margin 33%, +56 bps vs prior year.
Repurchased $175M of shares in Q1; total repurchases since Dec 2022 represent 29% of shares outstanding.
Revenue $243.6M at midpoint of guidance; gross profit $224.6M, margin 92% (-102 bps YoY).
CarOffer wind-down completed as of Dec 2025; results presented as discontinued operations.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CarGurus, Inc. reported first quarter ended March 31, 2026 results: revenue $ 243.6, net income $ 32.2.

Period: first quarter ended March 31, 2026
Revenue: $ 243.6
Net income: $ 32.2
Result: reported results

Exact text from the filing

highlights from continuing operations (1) for the three months ended March 31, 2026. Three Months Ended March 31, 2026 Results (in millions) Variance from Prior Year Revenue $ 243.6 15 % Gross Profit (2) $ 224.6 14 % % Margin 92 % (102) bps Operating Expenses (2) $ 184.5 25 % GAAP Net Income from continuing operations (2) $ 32.2 (23 )% % Margin 13 % (659) bps

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

CarGurus, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-211932

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