CarGurus, Inc. (CARG) Q2 2025 Earnings Call

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WEBVTT 00:00:00.000 -- 00:00:04.540 Good day and welcome to the CarGurus earnings conference call. 00:00:04.540 -- 00:00:08.060 Please note, this event is being recorded. 00:00:08.060 -- 00:00:13.500 I would now like to turn the conference over to Kirandeep Singh, vice president and 00:00:13.500 -- 00:00:17.840 head of investor relations. Please go ahead. 00:00:17.840 -- 00:00:22.260 Thank you, operator. Good afternoon. I'm delighted to welcome you to CarGurus second 00:00:22.260 -- 00:00:27.260 quarter, 2025 earnings call. With me on the call today are Jason Treveson, 00:00:27.260 -- 00:00:31.520 chief executive officer and Sam Zales, president and chief operating officer. 00:00:31.520 -- 00:00:35.540 During the call, we will be making forward looking statements, which are based on our 00:00:35.540 -- 00:00:40.800 current expectations and beliefs. These statements are subject to risks and uncertainties, 00:00:40.800 -- 00:00:44.840 which could cause our actual results to differ materially from those reflected in such 00:00:44.840 -- 00:00:49.960 statements. Information concerning those risks and uncertainties is disclosed in our 00:00:49.960 -- 00:00:55.380 SEC filings, which can be found on the SEC's website and in the investor relations section 00:00:55.380 -- 00:01:00.440 of our website. We undertake no obligation to update or revise forward 00:01:00.440 -- 00:01:03.460 looking statements, except as required by law. 00:01:03.460 -- 00:01:07.740 Further, during the course of our call today, we will refer to certain non-GAAP financial 00:01:07.740 -- 00:01:13.000 measures. A reconciliation of GAAP comparable non-GAAP measures is included 00:01:13.000 -- 00:01:18.220 in our press release issued today, as well as in our updated investor presentation, 00:01:18.220 -- ...