CarGurus, Inc. (CARG) Q1 2026 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Cargurus, Inc..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.259 Good day, and welcome to the Card Guru's first quarter 2026 earnings conference call. 00:00:05.259 -- 00:00:07.883 Please note, this event is being recorded. 00:00:07.883 -- 00:00:12.890 I would now like to turn the call over to Kandeep Singh, Vice President of Head, 00:00:12.890 -- 00:00:14.052 Investor Relations. 00:00:14.052 -- 00:00:16.433 Please go ahead. 00:00:18.919 -- 00:00:21.543 Good afternoon, and thank you for joining us. 00:00:21.543 -- 00:00:26.190 With me on the call today are Jason Trevisan, Chief Executive Officer, and Sam Zales, 00:00:26.190 -- 00:00:30.794 President and Chief Operating Officer. We will be making forward-looking statements which 00:00:30.794 -- 00:00:34.258 are based on our current expectations and beliefs. 00:00:34.258 -- 00:00:39.262 Those statements are subject to risks and uncertainties and our actual results may differ 00:00:39.262 -- 00:00:40.664 materially. 00:00:40.664 -- 00:00:45.709 Information concerning those risks and uncertainties is discussed in our SEC filing. 00:00:45.709 -- 00:00:50.333 We undertake no obligation to update forward-looking statements except as required by 00:00:50.333 -- 00:00:55.678 law. Please refer to our press release and our investor presentation on the investor 00:00:55.678 -- 00:01:01.261 relations section of our website for a reconciliation of GAAP to non-GAAP measures. 00:01:01.261 -- 00:01:04.485 I'll now turn the call over to Jason. 00:01:04.485 -- 00:01:07.027 Good afternoon and thank you for joining us. 00:01:07.027 -- 00:01:11.673 We delivered strong financial results in the first quarter with 15% year-over-year revenue 00:01:11.673 -- 00:01:17.019 growth to $244 million and adjusted EBITDA up 17% year-over-year 00:01:17.019 -- 00:01:19.081 with a ma...