---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-211932"
form_type: "8-K"
ticker: "CARG"
cik: "0001494259"
company_name: "CarGurus, Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:35:59.214623+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-211932
- form_type: 8-K
- ticker: CARG
- cik: 0001494259
- company_name: CarGurus, Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/0001193125-26-211932-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-211932
- JSON: https://secwatch.observer/filing/0001193125-26-211932.json
- Plain text: https://secwatch.observer/filing/0001193125-26-211932.txt

## Source-grounded claims
- claim_id: 74782d22add4c55afd6f2f372b411d17e7f144f7
  claim: CarGurus, Inc. reported first quarter ended March 31, 2026 results: revenue $ 243.6, net income $ 32.2.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/0001193125-26-211932-index.htm

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