secwatch.observer — SEC 8-K summary
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Issuer:     CarGurus, Inc. (CARG)
CIK:        0001494259
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001193125-26-211932
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/0001193125-26-211932-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-211932

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