Cargurus Stock Price, News & Analysis

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.

CarGurus (CARG) has launched an AI-powered search experience on its platform, enhancing car shopping with conversational search capabilities. The new feature combines expert auto intelligence with real-time vehicle data, allowing buyers to use natural language to find, research, and compare vehicles. Early pilot results show increased user engagement, with AI search users spending more time on the platform. The system responds to conversational prompts about specific needs like family requirements, driver comfort, and safety features. This development builds on CarGurus' existing AI implementations, which include their vehicle recommendation engine, Instant Market Value tool, and on-site merchandising. The platform also provides dealers with AI-driven insights for pricing, merchandising, and inventory decisions.

CarGurus (NASDAQ: CARG), the leading digital auto platform for vehicle transactions, has announced that CEO Jason Trevisan will participate in a fireside chat at William Blair's 45th Annual Growth Stock Conference. The presentation is scheduled for June 3, 2025, at 10:20 AM ET. Investors and interested parties can access the webcast through CarGurus' Investor Relations website, where it will remain available for 30 days after the event.

CarGurus (NASDAQ: CARG) reported strong Q1 2025 financial results with Marketplace revenue growing 13% year-over-year to $212.2 million. The company achieved Net Income of $39.0 million, up 83% YoY, and Non-GAAP Adjusted EBITDA of $66.3 million, increasing 32% YoY. Total revenue reached $225.2 million, up 4% YoY, with an impressive gross profit margin of 89%. CarGurus demonstrated strong dealer metrics with total paying dealers increasing 4% to 32,372, while consolidated QARSD grew 9% to $6,173. The company actively returned value to shareholders by repurchasing $184.2 million worth of shares, representing 6% of outstanding capital. For Q2 2025, CarGurus projects total revenue between $222.0-242.0 million and Non-GAAP Adjusted EBITDA of $71.5-79.5 million.

CarGurus (NASDAQ: CARG), the leading digital auto platform for vehicle transactions, announced that CEO Jason Trevisan will participate in a fireside chat at the J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference. The presentation is scheduled for Tuesday, May 13, 2025, at 5:10 PM ET. Investors can access the webcast through CarGurus' Investor Relations website, and the recording will remain available for 30 days after the event.

The company maintains its position as the most visited digital auto platform for new and used vehicle transactions, including shopping, buying, and selling services.

CarGurus (CARG), the leading digital auto platform for vehicle transactions, has scheduled its Q1 2025 earnings release for May 8, 2025, after market close. The company will host a conference call and webcast for investors and analysts at 5:00 p.m. Eastern Time on the same day.

Interested parties can access the conference call via phone at (877) 451-6152 (U.S./Canada) or (201) 389-0879 (international). The webcast will be available on the Investors section of CarGurus' website. An audio replay will be accessible from 8:00 p.m. ET on May 8 until May 22, 2025, using passcode 13752230.

CarGurus (CARG) has released its Q1 2025 Quarterly Review, highlighting significant shifts in automotive market dynamics. The report reveals that new car affordability remains a major challenge, with vehicles under $30,000 now representing only 13% of inventory, down from 37% in Q1 2020.

Following recent tariff announcements on March 26th, new car retail sales surged by nearly 30% month-over-month. The average list price is expected to increase by over $3,300 to approximately $52,800 due to tariffs, potentially reducing sub-$30,000 listings by 42% while increasing $50,000+ listings by 15%.

In the used car market, buyers face trade-offs between price and vehicle age. A $15,000-$20,000 budget now buys a seven-year-old car with 73,000 miles, compared to a four-year-old model with 47,000 miles in Q1 2020. However, used EVs present an affordability bright spot, with models like Nissan LEAF and Chevrolet Bolt averaging under $17,000 with mileage under 32,000.

CarGurus (NASDAQ: CARG) reported strong Q4 2024 financial results, with Marketplace revenue growing 15% year-over-year and International revenue increasing 26% YoY. The company achieved Q4 2024 GAAP Net Income of $45.9 million and Non-GAAP Consolidated Adjusted EBITDA of $76.4 million, representing a 25% YoY increase.

The company's performance was driven by dealers migrating to premium tiers, strong OEM advertising demand, and increased adoption of value-added products and services. CarGurus recorded a $144.4 million impairment-related charge for the full year 2024, with $9.9 million in cost of revenue and $134.5 million in operating expenses.

CarGurus (CARG), the leading digital auto platform for vehicle transactions, has scheduled its Q4 and full-year 2024 financial results announcement. The company will release its earnings report after market close on February 20, 2025, followed by a conference call and webcast at 5:00 p.m. Eastern Time.

Investors and analysts can access the conference call using the following dial-in numbers: (877) 451-6152 (U.S./Canada) or (201) 389-0879 (International). An audio replay will be available from 8:00 p.m. ET on February 20 until March 6, 2025, accessible via (844) 512-2921 (U.S./Canada) or (412) 317-6671 (International) with passcode 13750508. The live and archived webcasts will be available on the company's investor relations website.