Financial Data and Key Metrics Changes - Revenue from continuing operations grew 14% year-over-year for the full year 2025, marking the second consecutive year of mid-teens growth [3][19] - Adjusted EBITDA from continuing operations increased by 25% year-over-year [3][22] - Fourth quarter revenue grew 15% year-over-year to $241 million, driven by strength in subscription-based listings revenue and international business [19][20] - Full-year 2025 non-GAAP net income per diluted share attributable to common stockholders was $2.28, up 31% year-over-year [24] Business Line Data and Key Metrics Changes - Consolidated CarSid grew 8% year-over-year, with global paying dealer count increasing by 2,399 [5][19] - Add-on product adoption rose nearly 25% year-over-year, indicating strong engagement and platform usage [5] - Digital Deal leads with high-value actions increased 78% year-over-year, reflecting deeper shopper progression into transactions [12] Market Data and Key Metrics Changes - International revenue grew 27% year-over-year, with fourth quarter revenue up 32% year-over-year [20] - International dealer count grew 14% year-over-year to 8,360 dealers [20] Company Strategy and Development Direction - The company aims to expand its suite of data-driven solutions across dealer workflows, enhancing profitability for dealers [5][6] - Focus on product innovation, with more new products launched in 2025 than in any prior year, embedding data and intelligence into dealer workflows [4][17] - The strategy includes leveraging AI-driven innovation to enhance consumer engagement and streamline transactions [3][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining growth rates due to strong visibility and a diversified dealer base [31] - The company anticipates continued investment in product and technology to support long-term growth, with a focus on maintaining healthy margins [39][40] - Management highlighted the importance of trust and confidence in the consumer journey, which shapes their investment strategy [76] Other Important Information - The company completed the wind down of CarOffer, presenting its financial results as discontinued operations [18] - A new $250 million share repurchase program was authorized, emphasizing the commitment to return value to shareholders [25] Q&A Session Summary Question: Visibility of growth rate and new products' contribution - Management indicated strong growth visibility due to effective execution on growth levers and new product introductions, which are expected to enhance long-term growth [31][34] Question: Inclusion of Price Vantage in revenue guidance - Price Vantage and New Car Exposure are included in the revenue guidance as they have been launched and are expected to contribute to growth [37] Question: Margin outlook and investment strategy - Management clarified that the margin outlook reflects a balance between investing for growth and maintaining healthy margins, with a focus on long-term sustainability [39][40] Question: Factors driving improved dealer satisfaction and retention - Improved dealer satisfaction is attributed to clear ROI from lead growth and the introduction of new software and data tools that enhance profitability [56] Question: Traffic growth and consumer engagement - Traffic growth is driven by enhanced consumer experience and broader reach through marketing campaigns, leading to increased app downloads and active users [66]

Q4 and Full Year 2025 Earnings Presentation February 19, 2026 Cautionary Note Regarding Forward - Looking Statements This presentation includes forward - looking statements . Other than statements of historical facts, all statements contained in this presentation, including statements regarding our future financial and operating results; our first quarter and full year 2026 financial and business performance, including guidance ; our plans to focus on technology and analytics that will enable smarter sourci ...

Washington, D.C .20549 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ FORM 10-K (Mark One) Commission File Number: 001-38233 CARGURUS, INC. (Exact name of Registrant as specified in its charter) De ...

Exhibit 99.1 CarGurus Announces Fourth Quarter and Full-Year 2025 Results Full-year 2025 revenue from continuing operations grew 14% YoY for the second consecutive year Full-year 2025 GAAP Net Income from continuing operations of $196.7 million, up 53% YoY; Non-GAAP Adjusted EBITDA from continuing operations of $319.0 million, up 25% YoY Repurchased approximately $350 million worth of shares in 2025, and announces new $250.0 million share repurchase program for 2026 Below are our financial highlights from c ...

Core Insights - CarGurus reported a 14% year-over-year revenue growth for the full year 2025, marking the second consecutive year of such growth, driven by increased product adoption and dealer engagement [2][4] - The company achieved a GAAP net income of $196.7 million for 2025, reflecting a 53% increase year-over-year, alongside a non-GAAP adjusted EBITDA of $319.0 million, which is up 25% year-over-year [1][4] - CarGurus repurchased approximately $350 million worth of shares in 2025 and announced a new $250 million share repurchase program for 2026 [1][4] Financial Performance - For Q4 2025, CarGurus reported revenue of $241.1 million, a 15% increase from the prior year, and a full-year revenue of $907.0 million, up 14% year-over-year [4][28] - Gross profit for Q4 2025 was $222.6 million, a 14% increase year-over-year, with a gross margin of 92% [4][27] - Operating expenses for the year were $597.1 million, reflecting a 5% increase year-over-year, while GAAP net income for Q4 was $53.7 million, a 12% increase from the previous year [4][26] Key Performance Indicators - The number of U.S. paying dealers increased by 5% to 26,049, while international paying dealers grew by 14% to 8,360, resulting in a total of 34,409 paying dealers, a 7% increase [5] - The U.S. QARSD (Quality Adjusted Revenue per Dealer) was $7,938, an 8% increase, while international QARSD was $2,413, a 16% increase [5] Guidance for 2026 - For Q1 2026, CarGurus expects total revenue to be between $240.5 million and $245.5 million, with non-GAAP adjusted EBITDA projected between $72.0 million and $80.0 million [7][8] - The company anticipates a year-over-year revenue growth of 10% to 13% for the full year 2026, with a slight decrease in non-GAAP adjusted EBITDA margin [8][9] Strategic Developments - The company has decided to wind down its CarOffer business, which was deemed less effective in the current market environment, and will report financial results as a single reportable segment moving forward [11][14] - CarGurus emphasizes its commitment to innovation, particularly in AI-driven products, to enhance dealer and consumer engagement [2][4]

CarGurus, Inc. (NASDAQ:CARG) is among the best money-making stocks to buy right now. On February 5, Needham trimmed the price target on CarGurus, Inc. (NASDAQ:CARG) to $37 from $44 and maintained a Buy rating. This comes after the analyst’s participation in the National Automobile Dealers Association’s conference, and the analyst believes that concerns about the company being replaced or bypassed are exaggerated at this time. With dealers advised to adopt AI gradually, their focus should be on local brand ...

Core Viewpoint - CarGurus, Inc. is a leading online platform for vehicle transactions, operating in both U.S. and international markets, with a focus on affordability and value-driven models in the automotive sector [1][5]. Company Overview - CarGurus operates through two main segments: U.S. Marketplace and Digital Wholesale, providing services such as online listings for new and used cars, financing pre-qualification, and tools for consumers and dealers [1]. Market Trends - The automotive market in 2025 is influenced by affordability concerns due to rising ownership costs, tariffs, and a shortage of late-model used vehicles, with a noted demand for compact body styles, hybrids, and value-driven used models [3]. Price Target Analysis - The consensus price target for CarGurus' stock has fluctuated, decreasing from $42 to $37 over the last quarter, while the price target was $39.92 last year, indicating variability in analysts' expectations [2]. - Analyst Chris Pierce from Needham has set a higher price target of $52 for CarGurus, reflecting optimism about the company's future performance and market adaptability [4]. Investment Considerations - Investors should consider changes in consensus price targets alongside company news, financial performance, and broader market trends, as CarGurus' focus on affordability may position it well in the evolving automotive market [5].

Wall Street analysts forecast that CarGurus (CARG) will report quarterly earnings of $0.61 per share in its upcoming release, pointing to a year-over-year increase of 10.9%. It is anticipated that revenues will amount to $238.31 million, exhibiting an increase of 4.3% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Befo ...

Campaign underscores how the largest car shopping site in the U.S. helps shoppers find the best deal on their big deal – now with cutting-edge products that empower research and purchase decisions BOSTON, Feb. 11, 2026 (GLOBE NEWSWIRE) -- CarGurus, the No. 1 most visited automotive shopping site in the U.S.¹, today announced the expansion of its “Big Deal” brand campaign, a tribute to the financial and emotional decisions behind buying or selling a car. The newest product spots highlight CarGurus’ recently ...

Company Overview - CarGurus, Inc. operates an online automotive platform for buying and selling vehicles in the U.S. and internationally, emerging as a compelling investment after overcoming operational missteps, particularly the failed CarOffer venture [2][3] Competitive Positioning - CarGurus is a leading online used car classifieds platform in the U.S., with approximately 60% more monthly active users than its nearest competitor, demonstrating a strong competitive position and an ability to drive dealer leads efficiently [2][3] Dealer Engagement and Financial Performance - Dealers report that CarGurus provides superior lead volume at a lower cost-per-sale compared to competitors, making it essential for their sales operations [3] - The company has shown pricing power, increasing its quarterly annual subscription per dealer (QARSD) at a 15% CAGR since 2016 and around 10% CAGR post-COVID, while expanding its dealer count despite economic challenges [3] Market Conditions - The used car market is cyclical and is positioned for a rebound, with supply disruptions during COVID and higher interest rates having temporarily constrained inventory and financing, which suppressed online advertising spend and revenue growth for CarGurus [4] - With interest rates normalizing and the average age of U.S. used cars at record highs, the market is expected to see increased supply, supporting dealer engagement and revenue growth [4] Valuation and Growth Potential - CarGurus offers an attractive valuation at approximately 15x P/E and 10x EBITDA, with a 7% free cash flow yield [5] - The combination of mid-teens organic earnings growth, aggressive share repurchases (about 23% of float since December 2022), and potential cyclical recovery could drive high-teens to low-20% EPS CAGR [5] - Secular tailwinds, a declining share count, and market recognition of its dominant positioning suggest substantial upside potential [5]