Digital auto platform CarGurus Q2 adjusted core profit beats estimates

Reuters

2025/08/08

Digital auto platform CarGurus <a href="https://laohu8.com/S/QTWO">Q2</a> adjusted core profit beats estimates

Overview

CarGurus Q2 Marketplace revenue up 14% YoY, reflecting strong business momentum
Adjusted EBITDA for Q2 beats analyst expectations, indicating operational efficiency
Co to wind down CarOffer transactions business, focusing on analytics and sourcing
Board approves additional $150 mln share repurchase, extending authorization to $350 mln

Outlook

CarGurus sees Q3 2025 Marketplace revenue between $228 mln and $233 mln
Company expects Q3 2025 non-GAAP EPS of $0.50 to $0.58
CarGurus projects Q3 2025 adjusted EBITDA of $76.5 mln to $84.5 mln

Result Drivers

MARKETPLACE REVENUE - Driven by strong business momentum, Marketplace revenue rose 14% YoY
CAROFFER WIND DOWN - Co to wind down CarOffer transactions business, focusing on analytics and sourcing

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Net Income		$22.30 mln
Q2 Adjusted EBITDA	Beat	$77.30 mln	$75.20 mln (14 Analysts)
Q2 Gross Profit		$204.40 mln
Q2 Operating Expenses		$179.50 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for CarGurus Inc is $40.00, about 20.5% above its August 6 closing price of $31.81
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nGNX6970bP

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Digital auto platform CarGurus Q2 adjusted core profit beats estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDigital auto platform CarGurus Q2 adjusted core profit beats estimates\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-08-08 04:51</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Digital auto platform CarGurus <a href=\"https://laohu8.com/S/QTWO\">Q2</a> adjusted core profit beats estimates</title></head><body><p><span>Overview</span></p><ul><li><p>CarGurus Q2 Marketplace revenue up 14% YoY, reflecting strong business momentum</p></li><li><p>Adjusted EBITDA for Q2 beats analyst expectations, indicating operational efficiency</p></li><li><p>Co to wind down CarOffer transactions business, focusing on analytics and sourcing</p></li><li><p>Board approves additional $150 mln share repurchase, extending authorization to $350 mln</p></li></ul><p><span>Outlook</span></p><ul><li><p>CarGurus sees Q3 2025 Marketplace revenue between $228 mln and $233 mln</p></li><li><p>Company expects Q3 2025 non-GAAP EPS of $0.50 to $0.58</p></li><li><p>CarGurus projects Q3 2025 adjusted EBITDA of $76.5 mln to $84.5 mln</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>MARKETPLACE REVENUE - Driven by strong business momentum, Marketplace revenue rose 14% YoY</p></li><li><p>CAROFFER WIND DOWN - Co to wind down CarOffer transactions business, focusing on analytics and sourcing</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q2 Net Income</p></td><td></td><td><p>$22.30 mln</p></td><td></td></tr><tr><td><p>Q2 Adjusted EBITDA</p></td><td><p>Beat</p></td><td><p>$77.30 mln</p></td><td><p>$75.20 mln (14 Analysts)</p></td></tr><tr><td><p>Q2 Gross Profit</p></td><td></td><td><p>$204.40 mln</p></td><td></td></tr><tr><td><p>Q2 Operating Expenses</p></td><td></td><td><p>$179.50 mln</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 8 \"strong buy\" or \"buy\", 6 \"hold\" and no \"sell\" or \"strong sell\"</p></li><li><p>The average consensus recommendation for the online services peer group is \"buy\"</p></li><li><p>Wall Street's median 12-month price target for CarGurus Inc is $40.00, about 20.5% above its August 6 closing price of $31.81</p></li><li><p>The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago</p></li></ul><p>Press Release: <span>ID:nGNX6970bP</span></p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CARG","symbol_name":"Cargurus Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250807:nPLX713E98:2","article_id":"2557859135","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557859135","pubTimestamp":1754599863,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Digital auto platform CarGurus Q2 adjusted core profit beats estimatesOverviewCarGurus Q2 Marketplace revenue up 14% YoY, reflecting strong business momentumAdjusted EBITDA for Q2 beats analyst expect","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CARG":"Cargurus Inc.","BK4077":"互动媒体与服务"},"translate_title":"数字汽车平台CarGurus第二季度调整后核心利润超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CARG":0.9},"content_text":"Digital auto platform CarGurus Q2 adjusted core profit beats estimatesOverviewCarGurus Q2 Marketplace revenue up 14% YoY, reflecting strong business momentumAdjusted EBITDA for Q2 beats analyst expectations, indicating operational efficiencyCo to wind down CarOffer transactions business, focusing on analytics and sourcingBoard approves additional $150 mln share repurchase, extending authorization to $350 mlnOutlookCarGurus sees Q3 2025 Marketplace revenue between $228 mln and $233 mlnCompany expects Q3 2025 non-GAAP EPS of $0.50 to $0.58CarGurus projects Q3 2025 adjusted EBITDA of $76.5 mln to $84.5 mlnResult DriversMARKETPLACE REVENUE - Driven by strong business momentum, Marketplace revenue rose 14% YoYCAROFFER WIND DOWN - Co to wind down CarOffer transactions business, focusing on analytics and sourcingKey DetailsMetricBeat/MissActualConsensus EstimateQ2 Net Income$22.30 mlnQ2 Adjusted EBITDABeat$77.30 mln$75.20 mln (14 Analysts)Q2 Gross Profit$204.40 mlnQ2 Operating Expenses$179.50 mlnAnalyst CoverageThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 8 \"strong buy\" or \"buy\", 6 \"hold\" and no \"sell\" or \"strong sell\"The average consensus recommendation for the online services peer group is \"buy\"Wall Street's median 12-month price target for CarGurus Inc is $40.00, about 20.5% above its August 6 closing price of $31.81The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months agoPress Release: ID:nGNX6970bP(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}