CarGurus, Inc. (CARG) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.456 we will be making forward-looking statements which are based on our current expectations 00:00:04.456 -- 00:00:09.081 and beliefs. These statements are subject to risks and uncertainties which could cause 00:00:09.081 -- 00:00:13.626 our actual results to differ materially from those reflected in such statements. 00:00:13.626 -- 00:00:18.431 Information concerning those risks and uncertainties is discussed in our SEC filings, 00:00:18.431 -- 00:00:22.475 which can be found on the SEC's website and in the Investor Relations section of our 00:00:22.475 -- 00:00:23.937 website. 00:00:23.937 -- 00:00:28.562 We undertake no obligation to update or revise forward-looking statements except as required 00:00:28.562 -- 00:00:33.232 by law. Further, during the course of our call today, we will refer to certain non-GAAP 00:00:33.232 -- 00:00:38.617 financial measures. A reconciliation of GAAP to comparable non-GAAP measures is included 00:00:38.617 -- 00:00:43.542 in our press release issued today, as well as in our updated investor presentation, which 00:00:43.542 -- 00:00:47.446 can be found on the investor relations section of our website. 00:00:47.446 -- 00:00:51.870 We believe that these non-GAAP financial measures and other business metrics provide 00:00:51.870 -- 00:00:56.255 useful information about our operating results, enhance the overall understanding of 00:00:56.255 -- 00:01:00.733 past financial performance and future prospects, and allow for greater transparency as 00:01:00.733 -- 00:01:05.700 it relates to metrics used by our management in its financial and operational decision-making. 00:01:05.700 -- 00:01:09.645 With that, I'll now turn the call over to Jason. 00:01:09.645 -- 00:01:12.949 Thank you, Kerndape, and thanks to e...