Strong Financial Performance
CarGurus delivered outstanding financial results in Q2 2025, with double-digit year-over-year revenue growth and expanding profitability in U.S. and International Marketplace businesses. Marketplace revenue grew 14% year-over-year, adding $27 million, and Marketplace adjusted EBITDA grew 31% year-over-year.
International Growth
The international business reported outstanding growth, with revenue up 28% year-over-year. CarGurus added 711 net new dealers year-over-year across Canada and the U.K., and lead volume growth was substantial in both markets.
Innovative Product Launches
CarGurus introduced several new products, including New Car Advantage and VIN level targeting, which demonstrated strong early adoption and engagement. Additionally, Digital Deal adoption grew to approximately 12,000 dealers globally.
Strong Engagement Metrics
The CarGurus app saw daily active users increase by 71% year-over-year. Overall consumer engagement was also strong, with CarGurus remaining the #1 most visited listing site in the U.S. and users spending 74% more total minutes on site than its closest competitor.