Every 10-Q that CarGurus, Inc. (CARG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CARG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CARG filings page.
CarGurus, Inc. reported solid results for the three and six months ended June 30, 2026. Q2 2026 revenue was $251.0 million, up 13% from $222.0 million, with net income from continuing operations of $49.2 million and Adjusted EBITDA from continuing operations of $84.7 million. For the first half of 2026, revenue was $494.5 million, up 14% from $434.2 million, while net income from continuing operations was $81.4 million, below $91.1 million a year earlier, and Adjusted EBITDA from continuing operations was $165.0 million.
Operating cash flow for the first six months was strong at $164.4 million, compared with significant cash outflows from financing activities of $218.4 million, largely driven by repurchasing and retiring 6.29 million Class A shares for $204.2 million under a $250.0 million 2026 share repurchase program, leaving $45.8 million authorized at June 30, 2026. The company recorded non-cash impairments tied to exiting a major office lease and certain technology (including $14.7 million for an operating lease right-of-use asset and $4.5 million for related leasehold improvements), yet ended the period with $122.1 million in cash and cash equivalents and no long-term debt, supported by a $400.0 million revolving credit facility that was unused apart from $9.4 million in letters of credit. The wind-down of CarOffer, completed in 2025, is now reflected as discontinued operations only in prior-year figures.
CarGurus, Inc. reported first‑quarter 2026 revenue of $243.6 million, up 15% from $212.2 million a year earlier, driven mainly by higher dealer subscription revenue and pricing. Net income from continuing operations was $32.2 million, down from $42.1 million, as the company recorded $19.7 million of non‑cash impairment charges tied to its 121 First Street lease and related assets.
Adjusted EBITDA from continuing operations rose to $80.2 million from $68.7 million, reflecting strong underlying profitability despite the impairment. Operating cash flow was $69.8 million, while cash and equivalents declined to $72.0 million as CarGurus repurchased and retired 5.34 million Class A shares for about $175 million under its 2026 share repurchase program. The wind‑down of CarOffer is fully reflected as discontinued operations, with no discontinued‑operations impact in the quarter.
CarGurus, Inc. reported stronger results for the quarter ended September 30, 2025. Total revenue was $238.7 million (up from $231.4 million a year ago), driven primarily by Marketplace revenue of $231.7 million. Gross profit rose to $213.5 million. Operating income reached $54.7 million versus $27.4 million last year, and net income was $44.7 million compared with $22.5 million. Diluted EPS was $0.45 versus $0.21.
For the first nine months of 2025, revenue was $697.9 million (vs. $665.8 million), with net income of $106.1 million (vs. a $24.9 million loss). Cash from operating activities was $212.2 million. Cash and cash equivalents were $178.8 million as of September 30, 2025, and stockholders’ equity was $375.4 million.
On August 6, 2025, the Board approved a wind‑down of CarOffer (Dealer‑to‑Dealer and Instant Max Cash Offer). In Q2 2025, the company recorded total impairments of $32.6 million related to CarOffer; no additional impairments were recorded in Q3. One‑time restructuring costs tied to the wind‑down were $3.8 million in Q3, with total expected costs of $5.0–$6.0 million. In Q3, the company repurchased 3,233,649 shares; year‑to‑date repurchases totaled $294.9 million in cash outflows.