Business
CarGurus Announces First Quarter 2026 Results
Q1’26 revenue grew 15% YoY to $244 million, at the midpoint of our guidance range Q1’26 GAAP Net Income from continuing operations of $32.2 million, down 23% YoY; Non-GAAP Adjusted EBITDA from continuing operations of $80.2 million, above the high end of our guidance range Repurchased $175 million worth of shares in Q1’26; total repurchases since December 2022 represent 29% of shares outstanding BOSTON, May 07, 2026 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited automotive
About this update from Cargurus, Inc.
[{"type":"image","alt":"CarGurus, Inc.","displaySize":"","headline":null,"caption":"CarGurus, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":49,"url":"https://media.zenfs.com/en/globenewswire.com/df640cd7ba131372419d2e78b10c6102"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/4Bjc2Ff6FO5Dgej98gmoBw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTY5/https://media.zenfs.com/en/globenewswire.com/df640cd7ba131372419d2e78b10c6102","width":300,"height":49}},"lazy":false},{"type":"text","content":"Q1’26 revenue grew 15% YoY to $244 million, at the midpoint of our guidance range","length":81,"tagName":"p"},{"type":"text","content":"Q1’26 GAAP Net Income from continuing operations of $32.2 million, down 23% YoY; Non-GAAP Adjusted EBITDA from continuing operations of $80.2 million, above the high end of our guidance range","length":191,"tagName":"p"},{"type":"text","content":"Repurchased $175 million worth of shares in Q1’26; total repurchases since December 2022 represent 29% of shares outstanding","length":124,"tagName":"p"},{"type":"text","content":"BOSTON, May 07, 2026 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited automotive shopping site in the U.S.1, today announced financial results for the first quarter ended March 31, 2026.","length":211,"tagName":"p"},{"type":"text","content":"“We are pleased with our first quarter results, as we sustained our momentum with revenue growing 15% year-over-year as we continued to invest in AI-led product innovation across dealer pillars and the consumer journey,” said Jason Trevisan, Chief Executive Officer at CarGurus. "We are embedding data and predictive intelligence more directly into dealer decision-making across inventory, marketing, and lead conversion while transforming the consumer experience with AI-powered solutions that help consumers shop with greater confidence. We believe that our product innovation engine positions us well to extend our leadership and sustain long-term growth.”","length":664,"tagName":"p"},{"type":"text","content":"First Quarter Financial Highlights","length":34,"tagName":"p"},{"type":"text","content":"Below are our financial highlights from continuing operations(1) for the three months ended March 31, 2026.","length":112,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"text-align:center;verti...