CarGurus, Inc.

VINMax, CarGurus’ Newest Innovation, Shortens Turn Times by Over a Week¹

CarGurus launched VINMax, its first product applying AI-powered predictive intelligence to VIN-level dealer marketing, promoting listings automatically based on real-time supply and demand data. In a company analysis of 10.3K boosted listings vs 24K comparable never-boosted listings (Feb-Jul 2026), boosted vehicles sold 9 days faster (a 23% turn-time improvement) and generated 34% more daily leads. VINMax rounds out CarGurus' dealer toolkit alongside PriceVantage and Shopper Signals, and the company calls it one of its fastest-growing product launches -- a modest positive for the dealer-solutions revenue line.

•26d ago

CarGurus Appoints Matthew Mandel as Chief Financial Officer

CarGurus appointed Matthew Mandel as Chief Financial Officer effective Oct. 19, 2026, succeeding CEO Jason Trevisan, who had served as interim principal financial and principal accounting officer since March 2025. Mandel joins from fleet-maintenance software firm Fleetio, where he was CFO and COO since November 2023, and previously held roles including COO and Co-CEO at Cometeer, senior positions at Wayfair, and investment roles at Advent International and Bain Capital. Reporting to Trevisan, Mandel will lead financial strategy, corporate development, and leadership operations as CarGurus focuses on expanding dealer software and data offerings and building an AI-led consumer shopping experience.

•1mo ago

CarGurus Teams with NFL Quarterback Drake Maye and Ann Michael Maye to Spotlight the Big Deal Moments Behind Every Mile

CarGurus launched 'A Drive in the Life,' a documentary-style marketing campaign starring NFL quarterback Drake Maye and content creator Ann Michael Maye. The initiative builds on the company's 'Big Deal' platform, highlighting tools like the AI-powered Guru and the importance of vehicles in life milestones. The multi-channel campaign is set to run across digital video, social media, and owned channels through the end of 2026.

•1mo ago

CarGurus Names 2026 Top Dealer Award Winners

CarGurus announced the winners of its 2026 Top Dealer Awards, marking the 12th year of the program which recognizes less than 10% of dealerships for service and transparency. Winners are selected based on verified customer reviews, marketplace pricing data, and digital retail engagement metrics across North America and the U.K. President and COO Sam Zales highlighted that the awards reinforce the company's mission to make car shopping more trustworthy.

•2mo ago

CARG: 10-Q · periodic report

CarGurus reported Q2 2026 revenue of $251.0 million, up 13% year over year, with consolidated net income of $49.2 million ($0.54 diluted EPS) versus $22.3 million a year earlier, which had been dragged down by CarOffer discontinued-operations losses. Core marketplace momentum continued: paying dealers rose to 34,629 from 33,095 a year ago, consolidated QARSD grew to $6,771 from $6,349, and Adjusted EBITDA from continuing operations reached $84.7 million versus $79.4 million. The company returned $204.2 million to shareholders through buybacks in the first half of 2026, leaving $45.8 million on its $250 million authorization that expires December 31, 2026; cash declined to $122.1 million from $190.5 million at year-end. Watch items include roughly $19.2 million of first-half impairments tied to the 121 First Street lease now intended for sublease, sales and marketing spend up 18% and outpacing revenue growth, and declining international audience metrics.

SEC 10-Q•2mo ago

CarGurus Announces Second Quarter 2026 Results

CarGurus reported Q2 revenue of $251.0 million, up 13% year-over-year and above the midpoint of guidance, driven by continued international momentum. The company generated $87.7 million in non-GAAP free cash flow and repurchased $29.2 million worth of shares, bringing total buybacks since December 2022 to over 30% of shares outstanding. Management issued Q3 revenue guidance of $253.5 million to $258.5 million, projecting full-year revenue growth between 10% and 13%.

•2mo ago

CarGurus Brings a New Level of Transparency to Car Shopping with Enhanced Site Features

CarGurus announced enhanced price transparency features, including updated Deal Ratings and new badging that identifies listings with dealer-disclosed fees. Going forward, Deal Ratings will only appear on used car listings where dealers disclose mandatory fees outside of tax, title, and registration; non-compliant listings will receive a 'No Rating' and lower search placement. CEO Jason Trevisan stated the updates address a key consumer pain point regarding the clarity of a vehicle's total cost, aiming to benefit both shoppers and dealers.

•3mo ago

CarGurus Announces First Quarter 2026 Results

CarGurus reported Q1 revenue of $243.6 million, up 15% year-over-year, with Non-GAAP Adjusted EBITDA of $80.2 million topping the high end of guidance. The company repurchased $175 million of shares during the quarter, bringing total buybacks since December 2022 to 29% of shares outstanding. Management issued Q2 revenue guidance of $247.0 million to $252.0 million and full-year revenue growth of 10% to 13%.

•5mo ago

CarGurus Joins NASCAR Canada Series as Presenting Partner and Official Automotive Marketplace

CarGurus signed a multi-year partnership to become a Presenting Partner and the Official Automotive Marketplace of the NASCAR Canada Series. The deal includes naming rights for the CarGurus 200 at Canadian Tire Motorsport Park and digital activations throughout the season. Leaders from both organizations highlighted the alignment between CarGurus' mission for transparency and the racing community's values.

•5mo ago