Cargurus ( (CARG) ) has released its Q3 earnings. Here is a breakdown of the information Cargurus presented to its investors.
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CarGurus, Inc. is a leading multinational automotive platform that facilitates buying and selling vehicles, primarily operating in the automotive shopping sector with a strong focus on data-driven solutions and consumer trust.
In its third-quarter 2025 earnings report, CarGurus reported a significant growth in marketplace revenue, driven by increased adoption of its innovative AI-powered tools by dealers. The company also highlighted its strategic share repurchase program and product innovations as key contributors to its financial performance.
The company recorded a 14% year-over-year increase in marketplace revenue, reaching $232 million, and a notable 18% rise in non-GAAP adjusted EBITDA to $82.4 million. Despite a decline in wholesale and product revenue, the overall revenue grew by 3% to $238.7 million. CarGurus also repurchased $111 million worth of shares, reflecting a strong commitment to returning value to shareholders.
Looking ahead, CarGurus is optimistic about its growth prospects, with plans to continue leveraging its data-driven tools to enhance dealer relationships and expand into new market segments. The company expects to maintain its leadership position in the automotive shopping sector by focusing on long-term growth strategies.