CarGurus Announces Third Quarter 2026 Results
Globe Newswire•05/11/2026•16:05 ET
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Key Highlights
- ➤Q3 revenue $258.4 million, up 12% year over year
- ➤Q3 GAAP net income $52.8 million, up 2% year over year
- ➤Q3 Adjusted EBITDA $89.7 million, up 9% year over year
- ➤Board authorizes $250.0 million share repurchase program
- ➤Full-year revenue guidance $1,011.5 million-$1,016.5 million, up 11.5%-12.1% year over year
Expert Statements
Jason Trevisan, Chief Executive Officer of CarGurus
“We delivered strong third-quarter results, with revenue up 12% year-over-year at the high end of guidance and Adjusted EBITDA near the high end”
Jason Trevisan, Chief Executive Officer of CarGurus
“We are bringing products to market faster and building from our marketplace foundation into a broader set of AI enabled solutions across the dealer workflow including building out our inventory pillar with the launch of StockVantage.”
Jason Trevisan, Chief Executive Officer of CarGurus
“For consumers, we are meeting shoppers in the AI tools they already use as we work toward becoming the expert guide for car shopping in an AI-led world.”
Jason Trevisan, Chief Executive Officer of CarGurus
“We believe disciplined execution and robust free cash flow position us to create long-term value for stockholders.”
Q3'26 revenue grew 12% YoY to $258 million, at the high end of our guidance range
Q3'26 GAAP net income from continuing operations of $52.8 million, up 2% YoY; non-GAAP Adjusted EBITDA from continuing operations of $89.7 million, near the high end of our guidance range
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