CarGurus Q2 revenue up 13% to $251M; GAAP net income $49.2M; credit facility amended to $200M

CarGurus, Inc.

Q2 revenue $251.0M (+13% YoY); GAAP net income $49.2M (flat YoY); non-GAAP adjusted EBITDA $84.7M (+7% YoY).
Cash flow from operations $94.6M; non-GAAP free cash flow $87.7M.
Repurchased $29.2M of shares in Q2; total repurchases since Dec 2022 over 30% of shares outstanding.
Amended credit facility: revolver reduced from $400M to $200M, maturity extended to Aug 2031, new leverage covenant of 6.25x.

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