CarGurus Inc (CARG)
NASDAQ:CARG
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.61Last Year’s EPS
0.57Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed solid top-line and profitability growth (15% revenue growth, 17% adjusted EBITDA growth) driven by strong product adoption, international outperformance, and early AI-driven productivity gains. Management is investing heavily in AI, product and go-to-market (driving higher operating expenses) and has returned significant capital via buybacks (lowering cash balances). Near-term margins are expected to compress ~1.5–2.5 percentage points due to these investments, and some Q1 upside included timing and tax-related items. On balance the company demonstrated strong operational momentum and product traction while acknowledging planned investment-driven margin pressure and cash impacts from buybacks.Company Guidance
Revenue Growth
Total revenue of $244 million in Q1, up 15% year-over-year and above the midpoint of guidance.
Adjusted EBITDA and Margin Expansion
Non-GAAP adjusted EBITDA of $80 million, up 17% year-over-year, with an adjusted EBITDA margin of 33%, up ~60 basis points year-over-year (benefited in part by a favorable retroactive Canadian tax change).
Gross Profit Performance
Non-GAAP gross profit of $225 million, up 14% year-over-year, with a non-GAAP gross margin of 92%.
U.S. Dealer Engagement and QARSD
U.S. QARSD increased 9% year-over-year and the company added 963 paying U.S. dealers year-over-year; new product adoption was the largest driver of sequential QARSD growth for the second consecutive quarter.
Strong International Growth
International revenue grew 39% year-over-year, led by outperformance in the U.K. and Canada (partially driven by favorable FX and strong U.K. advertising).
Product Adoption — PriceVantage
PriceVantage reached several hundred paying dealers since October; top engaged dealers using it saw a 117% improvement in turn time vs. top 5 competitors and a 47% median increase in daily VDP views.
Product Adoption — Dealer Tools and Data
Shopper Signals engaged over 8,000 dealers since mid-April launch; Performance Insights had a 76% open rate and dealers receiving it made on average 59% more price updates; browser extension usage tripled quarter-over-quarter.
Consumer Journey & App Momentum
App was the fastest-growing traffic source and ranked #1 in the auto category for active users and time spent; Discover leads grew 52% quarter-over-quarter and daily lot visits increased 67% since Q4.
AI-driven Productivity and Lead Impact
Majority of employees use AI in daily workflows; AI solutions contributed to a 20% year-over-year engineering productivity lift and a 50% quarter-over-quarter lift among AI laggards; AI-powered content creation drove roughly a 30% increase in unpaid leads year-over-year.
Capital Return Execution
Since 2022 repurchased approximately $896 million (~29% of shares outstanding); 2026 $250M authorization with $175M deployed in Q1 and $75M remaining.
Guidance and Reiteration
Q2 revenue guide of $247M–$252M (+11% to +14% year-over-year); full-year 2026 revenue growth reiterated at 10%–13% year-over-year.
CARG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CARG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $38.16 | $34.74 | -8.95% |
Feb 19, 2026 | $29.20 | $30.17 | +3.32% |
Nov 06, 2025 | $33.13 | $33.34 | +0.63% |
Aug 07, 2025 | $31.41 | $29.11 | -7.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CarGurus Inc (CARG) report earnings?
CarGurus Inc (CARG) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is CarGurus Inc (CARG) earnings time?
CarGurus Inc (CARG) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CARG EPS forecast?
CARG EPS forecast for the fiscal quarter 2026 (Q2) is 0.61.
