CarGurus appointed Matthew Mandel as Chief Financial Officer, effective October 19, 2026. Mandel succeeds CEO Jason Trevisan, who served as interim principal financial and accounting officer since March 2025 but will remain CEO. Mandel joins from Fleetio, where he was CFO and COO. His compensation includes a $450,000 base salary, a target bonus of up to $450,000, a $250,000 sign-on bonus, and an initial grant of $5,500,000 in restricted stock units with four-year vesting. The company operates as a leading multinational automotive platform providing online marketplaces and data-driven software solutions for consumers and dealers.

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.