Cargurus Stock Price, News & Analysis

CarGurus (Nasdaq: CARG) reported Q3 2025 results for the quarter ended September 30, 2025.

Key figures: Marketplace revenue was $231.7M (+14% YoY); GAAP Marketplace operating income was $64.1M; Non-GAAP Marketplace Adjusted EBITDA was $82.4M (+18% YoY). GAAP net income was $44.7M (+99% YoY). The company repurchased $111M of shares in Q3 and has repurchased 23% of shares outstanding since December 2022. Cash and cash equivalents were $178.8M (down 41% vs Dec 31, 2024).

Guidance: Q4 2025 marketplace revenue $236M–$241M; full-year 2025 marketplace revenue $902M–$907M; Q4 Non-GAAP Marketplace Adjusted EBITDA $83M–$91M.

CarGurus (Nasdaq: CARG) will report third quarter 2025 financial results after market close on November 6, 2025. A press release will be issued and management will host a conference call and live webcast for investors and analysts at 5:00 p.m. Eastern Time on November 6, 2025. The live webcast and an archived replay will be available on the company’s Investor Relations website at https://investors.cargurus.com.

Dial-in details: U.S./Canada (877) 451-6152, international (201) 389-0879. Audio replay available from ~8:00 p.m. ET on November 6, 2025 until 11:59 p.m. ET on November 20, 2025 at U.S./Canada (844) 512-2921 or international (412) 317-6671 (passcode 13755566).

CarGurus (Nasdaq: CARG) Q3 2025 Quarterly Review finds a two-track U.S. market: value-focused buyers driving used-car growth while affluent shoppers lift new luxury demand.

Key data: roughly 73% of YoY used retail sales growth came from vehicles priced under $30,000 (mostly 7+ years old); coastal states had ≥30% of listings under $20,000 in September. New EV sales rose 53% QoQ, used EVs +16%, and new hybrid sales are ~50% YoY. Luxury listings show >40% 2026 models with average prices ~6% above 2025 models. Tariff exposure and fewer upcoming EV launches are noted risks.

CarGurus (Nasdaq: CARG), the leading digital auto platform for vehicle transactions, has announced that CEO Jason Trevisan will participate in a fireside chat at the 2025 Goldman Sachs Communacopia + Technology Conference. The presentation is scheduled for September 8, 2025, at 11:50 AM ET.

Investors can access the webcast through CarGurus' Investor Relations website, with the recording remaining available for 180 days after the event.

CarGurus (Nasdaq: CARG) reported strong Q2 2025 results with total revenue of $234.0 million, up 7% year-over-year, driven by 14% growth in Marketplace revenue. The company announced plans to wind down its CarOffer transactions business by the end of 2025, expecting to incur costs between $14.0-$19.0 million.

Q2 2025 highlights include Net Income of $22.3 million and Non-GAAP Adjusted EBITDA of $77.3 million (up 39% YoY). The Board approved an additional $150 million share repurchase, increasing the 2025 authorization to $350 million through July 2026.

For Q3 2025, CarGurus expects Marketplace Revenue between $228.0-$233.0 million and Non-GAAP Earnings per Share of $0.50-$0.58.

CarGurus (Nasdaq: CARG), the leading digital auto platform, has announced its 11th annual Top Dealer Awards, recognizing exceptional dealerships across North America and the U.K. The awards focus on three key categories: Top Rated Dealer for customer satisfaction (minimum 4.5/5 rating), Top Value Dealer for competitive pricing (top 100 dealers per region), and Top Digital Dealer for digital retail excellence (top 100 U.S. dealers).

Winners are selected based on verified customer reviews and vehicle listings data analysis, with award recipients receiving promotional tools for both in-store and online use. The program particularly highlights dealerships that excel in customer service, value proposition, and digital retail innovation.

CarGurus (Nasdaq: CARG), the leading digital auto platform for vehicle transactions, has scheduled its Q2 2025 earnings release for August 7, 2025, after market close.

The company will host a conference call and webcast at 5:00 p.m. Eastern Time on the same day. Investors can access the call via phone or watch the live webcast on the company's investor relations website. A replay will be available until August 21, 2025.

CarGurus (Nasdaq: CARG), the leading platform for car shopping, buying, and selling, has launched "The Big Deal Show," a new content series celebrating significant life moments associated with car ownership. The campaign features celebrity conversations and includes a summer-long car giveaway promotion.

The three-part series kicks off with skateboarding icon Tony Hawk and professional snowboarder Zeb Powell, sharing their memorable car-related experiences and career milestones. The company will give away three new Nissans, each valued at approximately $50,000, along with funds for related expenses through monthly sweepstakes on their website.

Directed by Paul Scheer, the series is an extension of CarGurus' national "Big Deal" brand campaign, emphasizing the company's position as the most visited car-shopping site with the largest selection of new and used vehicles in the U.S.

CarGurus' 2025 Mid-Year Auto Market Review reveals significant shifts in the automotive market driven by tariffs and consumer demand for affordable, fuel-efficient vehicles. New vehicle sales surged 48% year-over-year following March's tariff announcement, though affordable inventory under $30,000 has declined 15% since then. Despite post-tariff inventory comprising 60% of listings, average new car prices remain stable at $49,600. The report highlights that 7% of new car listings are 2024 or older models, presenting potential deals. Used car inventory has reached multi-year highs, though 3-4 year old vehicles remain scarce. Hybrid vehicles have shown strong performance with prices dropping $1,400 year-over-year and sales increasing 43% compared to 2024, reflecting growing consumer preference for practical and affordable options.