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CarGurus, Inc.

CarGurus, Inc.

NASDAQ•CARG
CEO: Mr. E. Langley Steinert
Sector: Consumer Cyclical
Industry: Auto - Dealerships
Listing Date: 2017-10-12
CarGurus, Inc. operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers. It also offers dealer and non-dealer advertising products for its websites and social media platforms. The company operates online marketplaces under the CarGurus brand in the United States, Canada, and the United Kingdom; Autolist and CarOffer brands in the United States; and PistonHeads brand in the United Kingdom. The company was formerly known as CarGurus LLC and changed its name to CarGurus, Inc. in June 2015. CarGurus, Inc. was founded in 2005 and is headquartered in Boston, Massachusetts.
Contact Information
1001 Boylston Street, 16th Floor, Boston, MA, 02115, United States
617-354-0068
www.cargurus.com
Market Cap
$3.49B
P/E (TTM)
26.8
24.2
Dividend Yield
--
52W High
$41.33
52W Low
$24.65
52W Range
63%
4.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2025 Data

Revenue

$234.03M+7.02%
4-Quarter Trend

EPS

$0.23-134.85%
4-Quarter Trend

FCF

$76.93M+90.55%
4-Quarter Trend

2025 Q2 Earnings Highlights

Key Highlights

Revenue Rises 7% Q2 Total revenue reached $234.0M for the quarter, marking a 7% increase from $218.7M reported in 2024.
Quarterly Net Income Positive Achieved Net Income of $22.3M this quarter, a significant swing from the $68.7M net loss reported last year.
Impairment Charges Reduced Impairment expense dropped sharply by 77% to $29.6M, reflecting reduced CarOffer write-downs compared to prior period.
Marketplace Revenue Strong Marketplace revenue grew 14% to $222.0M this quarter, representing 95% of total revenue, driven by dealer growth.

Risk Factors

CarOffer Wind Down Costs Wind down of CarOffer expected to incur total expenditures between $14.0M and $19.0M, primarily in the second half of 2025.
Goodwill Asset Impairment Risk Goodwill and intangible assets are subject to future impairment risk, evidenced by $19.6M goodwill impairment recognized this quarter.
Digital Wholesale Declines Digital Wholesale segment revenue fell 49% (3M) due to CarOffer wind-down, impacting wholesale and product revenue streams significantly.
Tax Legislation Uncertainty New OBBBA tax law enacted July 4, 2025; company currently evaluating material impact on future financial statements and cash savings.

Outlook

Focus on Core Marketplace Post CarOffer wind-down, focus shifts to AI-powered inventory intelligence and scaling Sell My Car - Top Dealer Offers.
Share Repurchase Expansion 2025 Share Repurchase Program increased authorization by $150.0M to $350.0M total, extended expiration to July 2026.
Liquidity Sufficient 12 Months Existing liquidity, including $390.6M borrowing capacity under 2022 Revolver, expected to fund operations for at least next 12 months.
QARSD Growth Indicator QARSD growth indicates value proposition strength; company expects continued focus on upselling packages and cross-selling add-ons to dealers.

Peer Comparison

Revenue (TTM)

Lithia Motors, Inc.LAD
$37.61B
+8.4%
Penske Automotive Group, Inc.PAG
$30.68B
+2.2%
AutoNation, Inc.AN
$27.92B
+6.1%

Gross Margin (Latest Quarter)

CarGurus, Inc.CARG
87.3%
+4.9 pp
Cars.com Inc.CARS
82.9%
-30.7 pp
Kingsway Financial Services Inc.KFS
73.3%
-27.0 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
PAG$10.57B11.217.2%164.8%
LAD$8.15B6.120.0%9.0%
AN$7.70B11.527.0%20.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+0.4%
Moderate Growth
4Q Net Income CAGR
-0.2%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $234.03M+7.0%
    |
    EPS: $0.23-134.8%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $225.16M+4.3%
    |
    EPS: $0.38+90.0%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 20, 2025|
    Revenue: $894.38M-2.2%
    |
    EPS: $0.20+5.3%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $231.36M+5.4%
    |
    EPS: $0.22+10.0%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $218.69M-8.8%
    |
    EPS: $-0.66-571.4%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $215.80M-7.0%
    |
    EPS: $0.20+100.0%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 26, 2024|
    Revenue: $914.24M-44.8%
    |
    EPS: $0.19-88.4%
    Miss

  • Form 10-Q - Q3 2023

    Period End: Sep 30, 2023|Filed: Nov 7, 2023|
    Revenue: $219.42M-48.5%
    |
    EPS: $0.20+42.9%
    Miss