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CarGurus Inc (CARG)
NASDAQ:CARG
Earnings Data
Report Date
May 07, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.57Last Year’s EPS
0.46Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized broad-based, multi-quarter growth — including mid-teens revenue growth, strong adjusted EBITDA expansion, accelerating international performance, increasing dealer adoption and a slate of AI-driven product launches with early strong engagement. Management also announced disciplined capital returns. The primary negatives are near-term margin compression due to planned reinvestment, higher operating expenses in Q4, discrete CarOffer wind-down costs and that AI-driven discovery remains a small portion of traffic today. Overall, the positives (revenue and profitability growth, product traction, dealer and international momentum, and cash returns) materially outweigh the lowlights tied to purposeful reinvestment and early-stage AI monetization.Company Guidance
Strong Revenue Growth
Full year 2025 revenue of $907M, up 14% year-over-year; Q4 2025 revenue of $241M, up 15% year-over-year and at the high end of guidance.
Material Adjusted EBITDA and Profitability Expansion
Full year 2025 non-GAAP adjusted EBITDA grew 25% year-over-year to $319M with adjusted EBITDA margin up ~310 basis points to 35%; Q4 non-GAAP adjusted EBITDA grew 13% year-over-year to $88M.
International Acceleration
International revenue grew 27% for full year 2025 and 32% in Q4 2025 year-over-year; international QARSD grew 16% in Q4 and international dealer count rose 14% year-over-year to 8,360 dealers.
Dealer Growth, Engagement and Monetization
Global paying dealer count increased by 2,399 in 2025; U.S. added 1,357 paying dealers year-over-year in Q4; consolidated QARSD grew 8% year-over-year; add-on product adoption rose nearly 25% year-over-year.
Product and AI-Led Innovation with Early Traction
Launched more products in 2025 than prior years (PriceVantage, CG Discover, Dealership Mode). PriceVantage users execute 66% more price changes vs prior free tool and ~80% of adopting dealers are active weekly. CG Discover traffic grew 3.5x and leads grew 10x quarter-over-quarter; Discover users spend 4.4x more time than regular visitors and average session time rose nearly 20%.
Digital Deal and Transactional Momentum
Digital Deal scaled to 13,500 dealers globally (up ~3,800 YoY). Digital Deal leads with high-value actions rose 78% year-over-year and comprised ~70% of Digital Deal leads; financing-related leads grew 86% year-over-year. Digital Deal leads convert up to 4.7x higher than standard marketplace leads.
Consumer Reach and App Strength
CarGurus maintained leadership as the #1 most visited U.S. automotive marketplace; direct visits up 16% year-over-year, impressions up 50% year-over-year, and the app contributed 34% of leads. CarGurus was #1 car shopping app in 2025 by downloads, MAUs and time spent.
Capital Return and Strong Cash Generation
Ended 2025 with $191M cash (up $12M QoQ); repurchased ~$350M of shares in 2025 and ~$721M since Q4 2022 (~25% of shares). Board authorized a new $250M share repurchase program through Dec 31, 2026.
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 |
|---|---|---|---|
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% |
May 08, 2025 | $27.95 | $31.08 | +11.20% |
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 May 07, 2026, After Close (Confirmed).
What is CarGurus Inc (CARG) earnings time?
CarGurus Inc (CARG) earnings time is at May 07, 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 (Q1) is 0.57.
