Earnings ·
CarGurus reported second-quarter 2026 revenue of $251.0 million, a 13% year-over-year increase, with GAAP net income…
CARGCarGurus, Inc.
CarGurus reported second-quarter 2026 revenue of $251.0 million, a 13% year-over-year increase, with GAAP net income from continuing operations of $49.2 million and non-GAAP adjusted EBITDA of $84.7 million. The company also announced the First Amendment to its Credit Agreement, reducing revolving commitments from $400.0 million to $200.0 million while extending the maturity date to August 6, 2031. Management provided third-quarter revenue guidance between $253.5 million and $258.5 million and full-year revenue growth expectations of 10% to 13%. CarGurus operates an online automotive marketplace connecting consumers with dealers in the U.S., U.K., and Canada.