CARG

Wrapping up Q2 earnings, we look at the numbers and key takeaways for the online marketplace stocks, including CarGurus (NASDAQ:CARG) and its peers. Marketplaces have existed for centuries. Where once it was a main street in a small town or a mall in the suburbs, sellers benefitted from proximity to one another because they could draw customers by offering convenience and selection. Today, a myriad of online marketplaces fulfill that same role, aggregating large customer bases, which attracts commission-paying sellers, generating flywheel scale effects that feed back into further customer acquisition. The 12 online marketplace stocks we track reported a mixed Q2. As a group, revenues beat analysts’ consensus estimates by 0.8% while next quarter’s revenue guidance was 1.8% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 5.4% since the latest earnings results. Bringing transparency to a sometimes opaque process, CarGurus (NASDAQ:CARG) is a digital marketplace where auto dealers can connect with potential customers and where car buyers can browse, purchase, and obtain financing. CarGurus reported revenues of $251 million, up 13.1% year on year. This print was in line with analysts’ expectations, and overall, it was a satisfactory quarter for the company with an impressive beat of analysts’ EBITDA estimates but revenue guidance for next quarter slightly missing analysts’ expectations. “We delivered strong second-quarter results, with 13% year-over-year revenue growth and continued momentum in our International business,” said Jason Trevisan, Chief Executive Officer at CarGurus. Even though it had a relatively good quarter, the market seems discontent with the results. The stock is down 4.8% since reporting and currently trades at $34.63. Is now the time to buy CarGurus? Access our full analysis of the earnings results here, it’s free. Founded in 2009 and a publicly traded company since 2017, Sea (NYSE:SE) started as a gaming platform and has since expanded to offer a variety of services such as e-commerce, digital payments, and financial services across Southeast Asia. Sea reported revenues of $7.81 billion, up 45.7% year on year, outperforming analysts’ expectations by 8.3%. The business had an exceptional quarter with an impressive beat of analysts’ EBITDA estimates and solid growth in its users. Sea pulled off the biggest analyst estimate beat in the group. The company reported 68.1 million users, up 10.2% year on year. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 14.1% since reporting. It currently trades at $112.93. Is now the time to buy Sea? Access our full analysis of the earnings results here, it’s free. Originally featuring a library that included many of founder Jon Oringer’s photos, Shutterstock (NYSE:SSTK) is now a digital platform where customers can license and use hundreds of millions of pieces of content. Shutterstock reported revenues of $221.8 million, down 16.9% year on year, falling short of analysts’ expectations by 12.4%. It was a disappointing quarter, leaving some shareholders looking for more. Shutterstock delivered the weakest performance against analyst estimates and slowest revenue growth among its peers. As expected, the stock is down 4.8% since the results and currently trades at $5.73. Read our full analysis of Shutterstock’s results here. Founded in 2014, ACV Auctions (NYSE:ACVA) is an online auction marketplace for car dealers and wholesalers to buy and sell used cars. ACV Auctions reported revenues of $213.9 million, up 10.4% year on year. This result missed analysts’ expectations by 0.6%. It was a slower quarter as it also recorded EBITDA guidance for next quarter missing analysts’ expectations and full-year revenue guidance meeting analysts’ expectations. ACV Auctions achieved the highest full-year guidance raise of the whole group. The stock is down 6.7% since reporting and currently trades at $6.78. Read our full, actionable report on ACV Auctions here, it’s free. Originally known as the first online auction site, eBay (NASDAQ:EBAY) is one of the world’s largest online marketplaces. eBay reported revenues of $3.13 billion, up 14.8% year on year. This number topped analysts’ expectations by 3.7%. Aside from that, it was a satisfactory quarter as it also logged revenue guidance for next quarter beating analysts’ expectations but EPS guidance for next quarter missing analysts’ expectations. eBay scored the highest guidance raise among its peers. The company reported 136 million active buyers, up 1.5% year on year. The stock is down 3.1% since reporting and currently trades at $107.69. Read our full, actionable report on eBay here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

“A Drive in the Life” builds on CarGurus’ “Big Deal” platform with an insider’s look at the meaningful milestones, memories, and traditions that happen behind the wheel BOSTON, Aug. 26, 2026 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No. 1 most visited automotive shopping site in the U.S.1, today launched “A Drive in the Life,” a documentary-style campaign starring NFL quarterback Drake Maye and lifestyle content creator Ann Michael Maye. Building on CarGurus’ “Big Deal” brand platform, the campaign brings an unscripted view into the powerful role cars play in our lives long after they're driven off the lot. For many, including the Mayes, the car is where major milestones, lasting memories, and traditions come to life. “For most of us, our car is a big deal. It’s one of the biggest purchase decisions we’ll make, and it can become a character in our story for years to come. For two decades, CarGurus has helped people make car buying and selling decisions with confidence. We put that experience into the tools and features that help shoppers find the right car for their lives,” said Dafna Sarnoff, Chief Marketing Officer at CarGurus. “Drake and Ann Michael's story is a reminder of how much a car can shape your journey, and how every mile is meaningful.” CarGurus found a natural fit with Drake and Ann Michael, whose relationship has played out on the road — from high school dates and driving lessons to postgame rides together. Shot in Charlotte, NC, the campaign captures Drake close to home, looking back on the places, people, and drives that have shaped him and the couple’s life together. “My car is a huge part of my life because it’s been with me for so many milestones. It’s where I reset, connect with the people I care about, and get to be myself,” said Drake. “I still drive my first truck, which comes with so many memories.” “The car has been part of nearly every chapter of our relationship, and the campaign captures the importance of those moments,” added Ann Michael. “I still think about our first date after Drake got his license, and even now, some of my favorite moments are the rides home after his games.” The campaign also follows Drake and Ann Michael as they consider what they each want in their next car, highlighting how personal finding the right fit can be. CarGurus helps make that decision easier with tools like Guru, which turns simple conversational prompts into personalized vehicle recommendations, along with deal ratings and price transparency features that give shoppers more confidence in finding the right car at the right price.“A Drive in the Life” will run through the end of 2026 across digital video, social media, and CarGurus’ owned channels. Watch the video and learn more about the campaign at cargurus.com/ADriveInTheLife. Creative CreditsCarGurus Dafna Sarnoff, Chief Marketing Officer Allison Conroy, Senior Director, Brand Marketing Evan Jones, Creative Director Maggie Meluzio, Director of Public Relations Sarah Chew, Art Director Tracy Stemple, Marketing Consultant Production Partner / Lead Creative Production: Vagrants Dustin Devlin, Founder, CCO Amanda Pellegrini, Head of Creative Operations Colleen Crandall, Head of Post Production Jack LeMay, Director and Editor Rob Whalley, Creative Director Sara Becker, Copywriter Nadia Healey, Social Content Director About CarGurus, Inc. CarGurus (Nasdaq: CARG) is the leading multinational automotive platform helping consumers and dealers confidently buy and sell vehicles. Founded in 2006 with a mission to bring more trust and transparency to car shopping, CarGurus is the No. 1 visited automotive shopping site in the U.S.1 with the largest selection of inventory and network of dealers.2 CarGurus’ unmatched selection, trusted automotive insights, and data-driven products and solutions support each shopper’s journey — from online research and shopping to in-dealership decisions — to empower them at every step. And, by translating data from billions of monthly site interactions, CarGurus provides dealers a personalized, predictive intelligence platform with software solutions that helps them run their businesses more efficiently and profitably at all stages of inventory acquisition and pricing, marketing, and conversion to sale. CarGurus operates online marketplaces in the U.S., U.K., and Canada. The company’s network of brands includes PistonHeads, the largest online motoring community in the U.K.3, and Autolist, a U.S.- based online marketplace. To learn more about CarGurus, visit www.cargurus.com. 1Similarweb: Traffic and Engagement Report (Cars.com, Autotrader.com, TrueCar.com, CARFAX.comListings (defined as CARFAX.com Total Visits minus Vehicle History Reports)), Q2 2026, U.S.2Compared to Autotrader.com, Cars.com, TrueCar.com, and CARFAX (Joreca as of June 30, 2026)3Similarweb: Traffic Insights, Q2 2026, U.K. CarGurus® and Autolist® are each a registered trademark of CarGurus, Inc., and PistonHeads® is a registered trademark of CarGurus Ireland Limited in the U.K. and the European Union. All other product names, trademarks, and registered trademarks are property of their respective owners. © 2026 CarGurus, Inc., All Rights Reserved. Media Contact:Maggie MeluzioDirector, Public Relations & External [email protected] Investor Contact:Kirndeep SinghVice President, Head of Investor [email protected] A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c8fe7786-bdd5-4781-bdba-fab72228c495

Online auto marketplace CarGurus (NASDAQ:CARG) met Wall Street’s revenue expectations in Q2 CY2026, with sales up 13.1% year on year to $251 million. On the other hand, next quarter’s revenue guidance of $256 million was less impressive, coming in 0.7% below analysts’ estimates. Its non-GAAP profit of $0.66 per share was 7.6% above analysts’ consensus estimates. Is now the time to buy CarGurus? Find out in our full research report. Revenue: $251 million vs analyst estimates of $250 million (13.1% year-on-year growth, in line) Adjusted EPS: $0.66 vs analyst estimates of $0.61 (7.6% beat) Adjusted EBITDA: $84.72 million vs analyst estimates of $81.4 million (33.8% margin, 4.1% beat) Revenue Guidance for Q3 CY2026 is $256 million at the midpoint, below analyst estimates of $257.7 million Adjusted EPS guidance for Q3 CY2026 is $0.66 at the midpoint, above analyst estimates of $0.63 EBITDA guidance for Q3 CY2026 is $86 million at the midpoint, above analyst estimates of $82.85 million Operating Margin: 25.1%, down from 27.3% in the same quarter last year Free Cash Flow Margin: 34.9%, up from 25.9% in the previous quarter Paying Dealers: 34,629, up 1,534 year on year Market Capitalization: $3.28 billion “We delivered strong second-quarter results, with 13% year-over-year revenue growth and continued momentum in our International business,” said Jason Trevisan, Chief Executive Officer at CarGurus. Bringing transparency to a sometimes opaque process, CarGurus (NASDAQ:CARG) is a digital marketplace where auto dealers can connect with potential customers and where car buyers can browse, purchase, and obtain financing. A company’s long-term sales performance can indicate its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last three years, CarGurus’s demand was weak and its revenue declined by 6.5% per year. This wasn’t a great result and is a rough starting point for our analysis. This quarter, CarGurus’s year-on-year revenue growth was 13.1%, and its $251 million of revenue was in line with Wall Street’s estimates. Company management is currently guiding for a 10.5% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 9.5% over the next 12 months. Although this projection implies its newer products and services will fuel better top-line performance, it is still below average for the sector. At least the company is tracking well in other measures of financial health. WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it. This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE. As an online marketplace, CarGurus generates revenue growth by increasing both the number of users on its platform and the average order size in dollars. Over the last two years, CarGurus’s paying dealers, a key performance metric for the company, increased by 5% annually to 34,629 in the latest quarter. This growth rate lags behind the hottest consumer internet applications. If CarGurus wants to accelerate growth, it likely needs to engage users more effectively with its existing offerings or innovate with new products. In Q2, CarGurus added 1,534 paying dealers, leading to 4.6% year-on-year growth. The quarterly print isn’t too different from its two-year result, suggesting its new initiatives aren’t accelerating user growth just yet. Average revenue per user (ARPU) is a critical metric to track because it measures how much the company earns in transaction fees from each user. ARPU also gives us unique insights into a user’s average order size and CarGurus’s take rate, or “cut”, on each order. CarGurus’s ARPU growth has been decent over the last two years, averaging 5.6%. Its ability to increase monetization while growing its paying dealers demonstrates the value of its platform. This quarter, CarGurus’s ARPU clocked in at $6,771. It grew by 6.6% year on year, faster than its paying dealers. We enjoyed seeing CarGurus beat analysts’ EBITDA expectations this quarter. We were also glad its EBITDA guidance for next quarter exceeded Wall Street’s estimates. On the other hand, its revenue guidance for next quarter slightly missed. Overall, this print had some key positives. The stock traded up 5.2% to $38.30 immediately following the results. Is CarGurus an attractive investment opportunity at the current price? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it’s free.

Interested in CarGurus, Inc.? Here are five stocks we like better. Strong Q2 performance: CarGurus reported revenue of $251 million, up 13% year over year, with adjusted EBITDA of $85 million and free cash flow of $88 million. International revenue grew 28%, while U.S. CarSid revenue increased 8%. AI products are driving engagement: Dealer adoption of tools such as PriceVantage and VinMax supported higher revenue per dealer, while average platform sessions per dealer rose 28%. Consumer AI leads in the U.S. increased 60% sequentially following the launch of the Guru brand. Outlook and buybacks: CarGurus maintained its 2026 revenue-growth forecast of 10% to 13%, raised its profitability outlook, and repurchased $29 million of shares in Q2. The company had $46 million remaining under its 2026 buyback authorization at quarter-end. 3 Cheap Stocks That Shouldn't Be This Low CarGurus (NASDAQ:CARG) reported second-quarter 2026 revenue of $251 million, up 13% from a year earlier and above the midpoint of its guidance range, as adoption of add-on dealer products and international growth supported results. Adjusted EBITDA rose 7% to $85 million, representing a 34% margin, while free cash flow totaled $88 million. Chief Executive Officer Jason Trevisan said the company’s international business grew 28% year over year during the quarter. U.S. CarSid revenue increased 8%, and the company added 673 paying U.S. dealers from a year earlier. CarGurus said add-on product adoption was its largest contributor to year-over-year and sequential growth in quarterly average revenue per subscribing dealer. → 3 Drone Stocks That Should Soar After the Summer Slump CarMax Is Firing on All Pistons as Growth Returns Second-quarter non-GAAP net income per diluted share was $0.66, up 16% year over year. The company ended the period with $122 million in cash and cash equivalents, up $50 million from the prior quarter as cash generation more than offset $29 million in share repurchases. Trevisan said dealer customers have been cautious about incremental spending during the first half of 2026. He attributed that caution to pressure on dealer margins and gross profit per unit, fewer days vehicles are sitting on dealer lots, and recent Federal Trade Commission-mandated all-in pricing transparency requirements. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth CarGurus Stock is Set for a Rally This Quarter, Above all Peers “We view these factors as temporary, not structural,” Trevisan said. He said dealer unit sales and vehicle prices generally increased during the first half, while days on lot declined. Lower-priced inventory sold particularly well, reducing dealers’ immediate reliance on marketing, he said. However, Trevisan added that some of these conditions improved during the first half. → Jersey Mike's Serves Fresh Gains After IPO Stumble Despite the more measured spending environment, average sessions per dealer on CarGurus’ platform increased 28% year over year. Trevisan said higher engagement reflected broader use of the company’s artificial intelligence-enabled tools and their expansion across dealer workflows. CarGurus highlighted growth in its newer dealer software and data offerings, which the company groups into inventory, marketing, lead conversion, and data products. Trevisan said the company collects nearly half a billion first-party signals each day across shopper demand, pricing, inventory, and behavior, and is using that data to develop dealer tools and consumer experiences. Among subscribing independent dealers, those in the top quintile of platform engagement generated 78% more leads per unit than those in the bottom quintile, according to the company. PriceVantage: Bookings grew more than 50% sequentially in the second quarter. CarGurus said dealers adopting the inventory-pricing tool saw a median 15% increase in vehicle detail page views and a 9% increase in leads per listing. VinMax: The AI-powered marketing product identifies underperforming vehicle listings and promotes them through organic sort, highlights, and audience targeting. Listings promoted through the early-access rollout sold 23% faster and generated 34% more daily leads than comparable non-promoted listings, the company said. Shopper Signals: CarGurus introduced a competition filter intended to show dealers how many other dealers a shopper contacted, helping sales teams assess urgency and prioritize outreach. Competitive data tools: The company said its weekly competitive digest email has generated an open rate above 80%. President and Chief Operating Officer Sam Zales said PriceVantage adoption has been broad-based across independent and franchise dealers, rather than concentrated among a particular pricing tier. He described the product as a predictive analytics tool that helps dealers assess wholesale versus retail pricing and local vehicle demand. During the question-and-answer session, Trevisan said the company continues to evaluate acquisitions, with likely opportunities centered on smaller dealer-focused technology and software solutions that could accelerate its expansion across the four product pillars. In July, CarGurus launched Guru as the consumer-facing brand for its AI capabilities. Guru includes the company’s AI-native experience, previously called Discover, as well as an AI overlay integrated into its existing website. The company said Guru-driven leads in the U.S. increased 60% sequentially. Trevisan said the AI tools are designed not as a separately monetized search product but as part of CarGurus’ core search experience, helping consumers find vehicles and providing dealers with more information about shopper preferences and intent. CarGurus has also introduced its conversational AI experience in the U.K. and Canada. The capability allows shoppers to describe their needs and intended uses rather than relying solely on conventional vehicle filters. Elsewhere in the consumer experience, the company said improvements to Sell My Car increased funnel conversion and produced significant incremental leads. Engagement with Dealership Mode, which provides pricing transparency, deal ratings, payment estimates, and vehicle comparisons on participating U.S. dealer lots, more than doubled in the company’s app during the second quarter. CarGurus reiterated its expectation for full-year 2026 revenue growth of 10% to 13% year over year. For the third quarter, the company forecast revenue of $253.5 million to $258.5 million, representing year-over-year growth of 9% to 12%. The company expects third-quarter adjusted EBITDA of $82 million to $90 million and non-GAAP earnings per share of $0.63 to $0.69, based on approximately 90 million diluted weighted-average shares outstanding. CarGurus raised its full-year profitability outlook. It now expects non-GAAP adjusted EBITDA margin to decline by approximately 50 to 150 basis points in 2026 relative to 2025, an improvement from its prior outlook. Trevisan said AI-driven productivity gains, including in product development, customer support, software usage, and go-to-market operations, have improved efficiency while allowing the company to maintain its pace of product introductions. The company repurchased $29 million of shares in the second quarter, bringing year-to-date buybacks to $204 million under its $250 million 2026 authorization. As of the end of the quarter, $46 million remained available for repurchases. Since 2022, CarGurus has repurchased approximately $925 million of stock, representing more than 30% of shares outstanding, according to management. CarGurus, Inc operates an online automotive marketplace designed to connect buyers and sellers of new and used vehicles. Through its proprietary search engine and data-driven pricing tools, the platform enables consumers to compare listings, assess fair market values and locate local dealers offering competitive deals. CarGurus also provides detailed vehicle history reports, dealer reviews and financing options to streamline the car-shopping process for both private parties and franchised dealerships. The company's core product offerings include Instant Market Value (IMV), which leverages pricing algorithms to help buyers identify over- or under-priced vehicles, as well as dealer subscription services that grant automotive retailers access to lead generation tools, targeted advertising and dynamic pricing insights. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "CarGurus Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

CarGurus (CARG) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.45%. A quarter ago, it was expected that this online auto shopping platform would post earnings of $0.56 per share when it actually produced earnings of $0.58, delivering a surprise of +3.57%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. CarGurus, which belongs to the Zacks Internet - Commerce industry, posted revenues of $250.97 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.62%. This compares to year-ago revenues of $234.03 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. CarGurus shares have lost about 5.1% since the beginning of the year versus the S&P 500's gain of 12.8%. While CarGurus has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CarGurus was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.65 on $256.31 million in revenues for the coming quarter and $2.55 on $1.01 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Commerce is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Retail-Wholesale sector, Abercrombie & Fitch (ANF), has yet to report results for the quarter ended July 2026. The results are expected to be released on August 26. This teen clothing retailer is expected to post quarterly earnings of $1.90 per share in its upcoming report, which represents a year-over-year change of -18.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Abercrombie & Fitch's revenues are expected to be $1.24 billion, up 2.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CarGurus, Inc. (CARG) : Free Stock Analysis Report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Q2'26 revenue grew 13% YoY to $251.0 million, above the midpoint of our guidance range Q2'26 GAAP net income from continuing operations of $49.2 million; non-GAAP adjusted EBITDA from continuing operations of $84.7 million, toward the high end of our guidance range Q2'26 cash flow from operations of $94.6 million; non-GAAP free cash flow of $87.7 million Repurchased $29.2 million worth of shares in Q2'26, bringing total repurchases since December 2022 to over 30% of shares outstanding BOSTON, Aug. 06, 2026 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited automotive shopping site in the U.S.1, today announced financial results for the second quarter ended June 30, 2026. “We delivered strong second-quarter results, with 13% year-over-year revenue growth and continued momentum in our International business,” said Jason Trevisan, Chief Executive Officer at CarGurus. “We expanded the use of data and predictive intelligence in dealer workflows through our AI-powered products and solutions. At the same time, this quarter we introduced Guru, our consumer-facing AI layer that advances our broader strategy of becoming a trusted, AI-led expert consumer guide across the full car-shopping journey. Together, our dealer and consumer initiatives have been driving deeper engagement, which we believe strengthens our competitive position and creates durable long-term value for our customers and stockholders.” Second Quarter Financial Highlights Below are our financial highlights from continuing operations(1) for the three and six months ended June 30, 2026. Third Quarter and Full-Year 2026 Guidance The table below provides CarGurus’ guidance, which is based on recent market trends, industry conditions, and management’s expectations and assumptions as of today. Guidance for the third quarter 2026 non-GAAP earnings per share from continuing operations calculations assumes 90.0 million diluted weighted-average common shares outstanding. The assumptions that are built into guidance for the third quarter and full-year 2026 regarding our pace of paid dealer acquisition, churn, and expansion activity for the relevant period are based on recent market trends and industry conditions. Guidance for the third quarter and full-year 2026 excludes macro-level industry issues that result in dealers and consumers materially changing their recent market trends or that cause us to enact measures to assist dealers. Guidance also excludes any potential impact of future foreign currency exchange gains or losses. CarGurus may incur charges, realize gains or losses, or experience other events or circumstances in 2026 that could cause any of these assumptions to change and/or actual results to vary from this guidance. CarGurus has not reconciled its guidance of non-GAAP Adjusted EBITDA from continuing operations to GAAP net income from continuing operations or non-GAAP earnings per share from continuing operations to GAAP earnings per share from continuing operations because we are unable to accurately predict without unreasonable effort the exact amount or timing of certain reconciling items between such GAAP and non-GAAP financial measures, including, as applicable, depreciation expenses, amortization of intangible assets, non-intangible amortization, stock-based compensation, impairments, other income, net, and income tax effects. The variability of these reconciling items could have a significant impact on our future GAAP reported results. Conference Call and Webcast Information CarGurus will host a conference call and live webcast to discuss its second quarter 2026 financial results and business outlook at 5:00 p.m. Eastern Time today, August 6, 2026. To access the conference call, dial (877) 451-6152 for callers in the U.S. or Canada, or (201) 389-0879 for international callers. The webcast will be available live on the Investors section of CarGurus’ website at investors.cargurus.com. An audio replay of the call will also be available to investors beginning at approximately 8:00 p.m. Eastern Time today, August 6, 2026, until 11:59 p.m. Eastern Time on August 20, 2026, by dialing (844) 512-2921 for callers in the U.S. or Canada, or (412) 317-6671 for international callers, and entering passcode 13759727. In addition, an archived webcast will be available on the Investors section of CarGurus’ website at investors.cargurus.com. About CarGurus CarGurus (Nasdaq: CARG) is the leading multinational automotive platform helping consumers and dealers confidently buy and sell vehicles. Founded in 2006 with a mission to bring more trust and transparency to car shopping, CarGurus is the No. 1 visited automotive shopping site in the U.S.1 with the largest selection of inventory and network of dealers.2 CarGurus’ unmatched selection, trusted automotive insights, and data-driven products and solutions support each shopper’s journey — from online research and shopping to in-dealership decisions — to empower them at every step. And, by translating data from billions of monthly site interactions, CarGurus provides dealers a personalized, predictive intelligence platform with software solutions that helps them run their businesses more efficiently and profitably at all stages of inventory acquisition and pricing, marketing, and conversion to sale. CarGurus operates online marketplaces in the U.S., U.K., and Canada. The company’s network of brands includes PistonHeads, the largest online motoring community in the U.K.3, and Autolist, a U.S.- based online marketplace. To learn more about CarGurus, visit www.cargurus.com. 1 Similarweb: Traffic and Engagement Report (Cars.com, Autotrader.com, TrueCar.com, CARFAX.com Listings (defined as CARFAX.com Total Visits minus Vehicle History Reports)), Q2 2026, U.S.2 Compared to Autotrader.com, Cars.com, TrueCar.com, and CARFAX (Joreca as of June 30, 2026)3 Similarweb: Traffic and Engagement Report, Q2 2026, U.K. CarGurus® and Autolist® are each a registered trademark of CarGurus, Inc., and PistonHeads® is a registered trademark of CarGurus Ireland Limited in the U.K. and the European Union. All other product names, trademarks, and registered trademarks are property of their respective owners. © 2026 CarGurus, Inc., All Rights Reserved. Cautionary Language Concerning Forward-Looking Statements This press release includes forward-looking statements. Other than statements of historical facts, all statements contained in this press release, including statements regarding our future financial and operating results; our third quarter and full-year 2026 financial and business performance, including guidance; our plans to focus on technology and analytics that will enable smarter sourcing and pricing decisions; our business and growth strategy and our plans to execute on our growth strategy; our ability to grow our business profitably and efficiently; our capital allocation and investment strategy; our plans relating to share repurchases; the attractiveness and value proposition of our current offerings and other product opportunities; the potential of, and expectations for, our current offerings and other product opportunities; our ability to maintain existing and acquire new customers; addressable opportunities; our expectation that we will continue to invest in growth initiatives; our ability to quickly make transformations necessary for our business to achieve long-term goals; and our ability to overcome challenges facing the automotive industry ecosystem, including inventory supply problems, global supply chain challenges, including disruptions to pre-existing supply chains and vendor relations, changes to trade policies or tariff regulations, financial market volatility and disruption, increased interest rates, inflationary concerns, and other macroeconomic issues, including uncertain or volatile economic conditions in the U.S. and abroad, are forward-looking statements. The words “aim,” “anticipate,” “believe,” “could,” “estimate,” “expect,” “goal,” “guide,” “guidance,” “intend,” “may,” “might,” “plan,” “potential,” “predicts,” “projects,” “seeks,” “should,” “target,” “will,” “would,” and similar expressions and their negatives are intended to identify forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we reasonably believe may affect our business, financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, financial needs, and growth prospects. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those reflected in such statements, including risks related to our growth and our ability to grow our revenue; our relationships with dealers; competition in the markets in which we operate; market growth; our ability to innovate; increased inflation and interest rates, global supply chain challenges, changes in international trade policies, including tariffs, volatile economic conditions, and other macroeconomic issues; the impact of changes in tax law and related guidance and regulations that may be implemented, including on tax rates, our business, and our financial results; the impact of new or improved technologies, including artificial intelligence, on our business, operations, and strategy; changes in our key personnel; natural disasters, epidemics, or pandemics; and our ability to operate in compliance with applicable laws as well as other risks and uncertainties as may be detailed from time to time in our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q and other reports we file with the U.S. Securities and Exchange Commission. We operate in a very competitive and rapidly changing environments. New risks and uncertainties emerge from time to time. It is not possible for us to predict all risks and uncertainties that could have an impact on any forward-looking statements we may make. We are under no duty to update any of these forward-looking statements after the date of this press release to conform these statements to actual results or revised expectations, except as required by law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release. Investor Contact: Kirndeep SinghVice President, Head of Investor [email protected] Media Contact: Maggie MeluzioDirector, Public Relations and External [email protected] Unaudited Condensed Consolidated Balance Sheets(in thousands, except share and per share data) Unaudited Condensed Consolidated Income Statements(in thousands, except share and per share data) (1) For the three months ended June 30, 2026 and 2025, and for the six months ended June 30, 2026 and 2025, cost of revenue includes $4.2 million, $2.1 million, $7.7 million, and $4.0 million, respectively, of depreciation and amortization expense.(2) For the three months ended June 30, 2026 and 2025, and for the six months ended June 30, 2025, there was no impairment recorded in cost of revenue. For the six months ended June 30, 2026, cost of revenue includes impairment of $0.5 million. Unaudited Geographical Revenue(in thousands) Unaudited Condensed Consolidated Statements of Cash Flows(in thousands) Unaudited Reconciliation of GAAP Gross Profit from Continuing Operations to Non-GAAP Gross Profit from Continuing Operations and GAAP Gross Profit Margin from Continuing Operations to Non-GAAP Gross Profit Margin from Continuing Operations(in thousands, except percentages) Unaudited Reconciliation of GAAP Net Income from Continuing Operations to Non-GAAP Net Income from Continuing Operations and GAAP Net Income from Continuing Operations Per Share Attributable to Common Stockholders to Non-GAAP Net Income from Continuing Operations Per Share Attributable to Common Stockholders(in thousands, except per share data) Unaudited Reconciliation of GAAP Net Income from Continuing Operations to Non-GAAP Adjusted EBITDA from Continuing Operations and GAAP Net Income Margin from Continuing Operations to Non-GAAP Adjusted EBITDA Margin from Continuing Operations(in thousands, except percentages) Unaudited Reconciliation of GAAP Expense from Continuing Operations to Non-GAAP Expense from Continuing Operations (in thousands) (1) Operating expenses include sales and marketing, product, technology, and development, general and administrative, impairments, and depreciation & amortization. Unaudited Reconciliation of GAAP Net Cash, Cash Equivalents, and Restricted Cash Provided by Operating Activities to Non-GAAP Free Cash Flow(in thousands) Non-GAAP Financial Measures and Other Business Metrics To supplement our consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the U.S. ("GAAP"), we provide investors with certain non-GAAP financial measures and other business metrics, which we believe are helpful to our investors. We use these non-GAAP financial measures and other business metrics for financial and operational decision-making purposes and as a means to evaluate period-to-period comparisons. We believe that these non-GAAP financial measures and other business metrics provide useful information about our operating results, enhance the overall understanding of past financial performance and future prospects, and allow for greater transparency with respect to metrics used by our management in its financial and operational decision-making. The presentation of non-GAAP financial information and other business metrics is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP. While our non-GAAP financial measures and other business metrics are an important tool for financial and operational decision-making and for evaluating our own operating results over different periods of time, we urge investors to review the reconciliation of these financial measures to the comparable GAAP financial measures included above, and not to rely on any single financial measure to evaluate our business. While a reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis because we are unable to accurately predict without unreasonable effort the exact amount or timing of certain reconciling items between such GAAP and non-GAAP financial measures, including, as applicable, depreciation expenses, amortization of intangible assets, non-intangible amortization, stock-based compensation, transaction-related expenses, impairments, and income tax effects, we have provided a reconciliation of non-GAAP financial measures and other business metrics to the nearest comparable GAAP measures in the accompanying financial statement tables included in this press release. We monitor operating measures of certain non-GAAP items including non-GAAP gross profit from continuing operations, non-GAAP gross margin from continuing operations, non-GAAP expense from continuing operations, non-GAAP net income from continuing operations, and non-GAAP net income from continuing operations per share attributable to common stockholders. These non-GAAP financial measures exclude the effect of amortization of intangible assets, stock-based compensation expense, transaction related-expenses, and impairments. Non-GAAP net income from continuing operations and non-GAAP net income from continuing operations per share attributable to common stockholders also exclude certain income tax effects and adjustments. Our calculations of non-GAAP net income from continuing operations per share attributable to common stockholders utilize applicable GAAP share counts as included in the accompanying financial statement tables included in this press release. In addition, we evaluate our non-GAAP gross profit from continuing operations in relation to our revenue. We refer to this as non-GAAP gross profit margin from continuing operations and define it as non-GAAP gross profit from continuing operations divided by total revenue. We believe that these non-GAAP financial measures provide useful information about our operating results, enhance the overall understanding of past financial performance and future prospects, and allow for greater transparency with respect to metrics used by our management in its financial and operational decision-making. We define non-GAAP Adjusted EBITDA from continuing operations as net income from continuing operations adjusted to exclude: depreciation and amortization, stock-based compensation expense, transaction-related expenses, impairments, other income, net, and provision for income taxes. In addition, we evaluate our non-GAAP Adjusted EBITDA from continuing operations in relation to our revenue. We refer to this as non-GAAP Adjusted EBITDA margin from continuing operations and define it as non-GAAP Adjusted EBITDA from continuing operations divided by total revenue. We have presented non-GAAP Adjusted EBITDA from continuing operations and non-GAAP Adjusted EBITDA margin from continuing operations because they are key measures used by our management and Board of Directors to understand and evaluate our operating performance, generate future operating plans, and make strategic decisions regarding the allocation of capital. We believe non-GAAP Adjusted EBITDA from continuing operations helps identify underlying trends in our business that could otherwise be masked by the effect of the expenses that we exclude. Accordingly, we believe that non-GAAP Adjusted EBITDA from continuing operations provides useful information to investors and others in understanding and evaluating our operating results, enhancing the overall understanding of our past performance and future prospects, and allowing for greater transparency with respect to key financial metrics used by our management in its financial and operational decision making. We define non-GAAP Free Cash Flow as cash flow from operations adjusted to include: purchases of property and equipment and capitalization of website development costs. We have presented non-GAAP Free Cash Flow because it is a measure of our financial performance that represents the cash that we are able to generate after expenditures required to maintain or expand our asset base. We define a paying dealer as a dealer account with an active, paid subscription at the end of a defined period. The number of paying dealers we have is important to us and we believe it provides valuable information to investors because it is indicative of the value proposition of our products, as well as our sales and marketing success and opportunity, including our ability to retain paying dealers and develop new dealer relationships. We define Quarterly Average Revenue per Subscribing Dealer (“QARSD”), which is measured at the end of a fiscal quarter, as the revenue primarily from subscription products during that trailing quarter divided by the average number of paying dealers during the quarter. We calculate the average number of paying dealers for a period by adding the number of paying dealers at the end of such period and the end of the prior period and dividing by two. This information is important to us, and we believe it provides useful information to investors, because we believe that our ability to grow QARSD is an indicator of the value proposition of our products and the return on investment that our paying dealers realize from our products. In addition, increases in QARSD, which we believe reflect the value of exposure to our engaged audience in relation to subscription cost, are driven in part by our ability to grow the volume of connections to our users and the quality of those connections, which result in increased opportunity to upsell package levels and cross-sell additional products to our paying dealers.

BOSTON, July 20, 2026 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited automotive shopping site in the U.S.1, announced it will issue a press release reporting financial results for the quarter ended June 30, 2026, after the close of the market on August 6, 2026. CarGurus will host a conference call and live webcast to discuss those financial results for investors and analysts at 5:00 p.m. Eastern Time on August 6, 2026. To access the conference call, dial (877) 451-6152 for the U.S. or Canada, or (201) 389-0879 for international callers. The webcast will be available live on the Investors section of the company’s website at investors.cargurus.com. An audio replay of the call will also be available to investors beginning at approximately 8:00 p.m. Eastern Time on August 6, 2026, until 11:59 p.m. Eastern Time on August 20, 2026, by dialing (844) 512-2921 for the U.S. or Canada, or (412) 317-6671 for international callers, and entering passcode 13759727. In addition, an archived webcast will be available on the Investors section of the company’s website at investors.cargurus.com. About CarGurus, Inc. CarGurus (Nasdaq: CARG) is the leading multinational automotive platform helping consumers and dealers confidently buy and sell vehicles. Founded in 2006 with a mission to bring more trust and transparency to car shopping, CarGurus is the No. 1 visited automotive shopping site in the U.S.1 with the largest selection of inventory and network of dealers.2 CarGurus’ unmatched selection, trusted automotive insights, and data-driven products and solutions support each shopper’s journey — from online research and shopping to in-dealership decisions — to empower them at every step. And, by translating data from billions of monthly site interactions, CarGurus provides dealers a personalized, predictive intelligence platform with software solutions that helps them run their businesses more efficiently and profitably at all stages of inventory acquisition and pricing, marketing, and conversion to sale. CarGurus operates online marketplaces in the U.S., U.K., and Canada. The company’s network of brands includes PistonHeads, the largest online motoring community in the U.K.3, and Autolist, a U.S.- based online marketplace. To learn more about CarGurus, visit www.cargurus.com. CarGurus® and Autolist® are each a registered trademark of CarGurus, Inc. and PistonHeads® is a registered trademark of CarGurus Ireland Limited in the U.K. and the European Union. 1 Similarweb: Traffic and Engagement Report (Cars.com, Autotrader.com, TrueCar.com, CARFAX.com Listings (defined as CARFAX Total visits minus Vehicle History Reports traffic)), Q1 2026, U.S. 2 Compared to Autotrader.com, Cars.com, TrueCar.com, and CARFAX.com (Joreca as of March 31, 2026). 3 Similarweb: Traffic and Engagement Report, Q1 2026, U.K. Investor Contact: Kirndeep Singh Vice President, Head of Investor Relations [email protected] Media Contact: Maggie Meluzio Director, Public Relations & External Communications [email protected]

Wrapping up Q1 earnings, we look at the numbers and key takeaways for the online marketplace stocks, including CarGurus (NASDAQ:CARG) and its peers. Marketplaces have existed for centuries. Where once it was a main street in a small town or a mall in the suburbs, sellers benefitted from proximity to one another because they could draw customers by offering convenience and selection. Today, a myriad of online marketplaces fulfill that same role, aggregating large customer bases, which attracts commission-paying sellers, generating flywheel scale effects that feed back into further customer acquisition. The 12 online marketplace stocks we track reported a satisfactory Q1. As a group, revenues beat analysts’ consensus estimates by 1.7% while next quarter’s revenue guidance was in line. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. Bringing transparency to a sometimes opaque process, CarGurus (NASDAQ:CARG) is a digital marketplace where auto dealers can connect with potential customers and where car buyers can browse, purchase, and obtain financing. CarGurus reported revenues of $243.6 million, up 14.8% year on year. This print was in line with analysts’ expectations, and overall, it was a strong quarter for the company with a solid beat of analysts’ EBITDA estimates and EBITDA guidance for next quarter topping analysts’ expectations. “We are pleased with our first quarter results, as we sustained our momentum with revenue growing 15% year-over-year as we continued to invest in AI-led product innovation across dealer pillars and the consumer journey,” said Jason Trevisan, Chief Executive Officer at CarGurus. The stock is down 27.6% since reporting and currently trades at $27.62. Is now the time to buy CarGurus? Access our full analysis of the earnings results here, it’s free. Founded in 2009 and a publicly traded company since 2017, Sea (NYSE:SE) started as a gaming platform and has since expanded to offer a variety of services such as e-commerce, digital payments, and financial services across Southeast Asia. Sea reported revenues of $7.33 billion, up 43.2% year on year, outperforming analysts’ expectations by 9.9%. The business had a stunning quarter with an impressive beat of analysts’ EBITDA and revenue estimates. Sea achieved the biggest analyst estimates beat among its peers. The company reported 72.6 million users, up 12.4% year on year. The market seems happy with the results as the stock is up 5.2% since reporting. It currently trades at $89.25. Is now the time to buy Sea? Access our full analysis of the earnings results here, it’s free. Originally featuring a library that included many of founder Jon Oringer’s photos, Shutterstock (NYSE:SSTK) is now a digital platform where customers can license and use hundreds of millions of pieces of content. Shutterstock reported revenues of $199.2 million, down 17.9% year on year, falling short of analysts’ expectations by 10.2%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue and EBITDA estimates. Shutterstock delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 8.3% since the results and currently trades at $16.16. Read our full analysis of Shutterstock’s results here. Aiming to simplify a once complicated process, EverQuote (NASDAQ:EVER) is an online insurance marketplace where consumers can compare and purchase various types of insurance from different providers EverQuote reported revenues of $190.9 million, up 14.5% year on year. This number topped analysts’ expectations by 5.7%. It was a stunning quarter as it also produced EBITDA guidance for next quarter exceeding analysts’ expectations. The stock is up 23.6% since reporting and currently trades at $18.07. Read our full, actionable report on EverQuote here, it’s free. Originally started as a joint venture between several media companies including The Washington Post and The New York Times, Cars.com (NYSE:CARS) is a digital marketplace that connects new and used car buyers and sellers. Cars.com reported revenues of $180.2 million, flat year on year. This print met analysts’ expectations. Overall, it was a very strong quarter as it also put up an impressive beat of analysts’ EBITDA estimates and revenue in line with analysts’ estimates. The company reported 19,390 active buyers, up 0.7% year on year. The stock is down 12.6% since reporting and currently trades at $9.78. Read our full, actionable report on Cars.com here, it’s free. Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure? These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. StockStory’s analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.

CarGurus delivered financial results for the first quarter that met Wall Street’s revenue expectations, but the market reacted negatively, with shares declining meaningfully after the report. Management pointed to strong international momentum, particularly in the U.K. and Canada, as well as increased adoption of premium and AI-powered dealer tools as key drivers of growth. CEO Jason Trevisan highlighted the company’s expanding product suite and deeper integration into the dealer workflow, stating, “Our product investments helped drive sustained growth while maintaining healthy profitability.” Management acknowledged that increased technology and marketing investments weighed on operating margins, which declined year over year. Is now the time to buy CARG? Find out in our full research report (it’s free). Revenue: $243.6 million vs analyst estimates of $243 million (14.8% year-on-year growth, in line) Adjusted EPS: $0.58 vs analyst estimates of $0.57 (1.8% beat) Adjusted EBITDA: $80.23 million vs analyst estimates of $76.83 million (32.9% margin, 4.4% beat) Revenue Guidance for Q2 CY2026 is $249.5 million at the midpoint, roughly in line with what analysts were expecting Adjusted EPS guidance for Q2 CY2026 is $0.61 at the midpoint, above analyst estimates of $0.60 EBITDA guidance for Q2 CY2026 is $81.5 million at the midpoint, above analyst estimates of $80.04 million Operating Margin: 16.5%, down from 23.9% in the same quarter last year Paying Dealers: 34,596, up 2,224 year on year Market Capitalization: $2.82 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Christopher Pierce (Needham): Asked why margins exceeded expectations and whether AI tools or planned spending shifts drove the result. CEO Jason Trevisan attributed it to a retroactive Canadian tax law change and some timing items, not structural cost savings. Pierce (Needham): Inquired about the adoption of digital deal tools and whether dealers are hesitant to fully embrace online transactions. President Sam Zales noted continued growth in digital deal usage but said most consumers still prefer in-store purchases. Rajat Gupta (JPMorgan): Sought clarity on the move toward Agentic AI and whether this applies to internal processes or customer-facing products. Trevisan said the initial focus is internal, but customer-facing applications are in development. Gupta (JPMorgan): Followed up on U.K. market dynamics and whether competitor churn aided CarGurus’ growth. Zales acknowledged a minor benefit but emphasized that product innovation and ROI are the main drivers. Andrew Boone (Citizens): Asked about the impact of new data-driven features on consumer engagement and whether U.S. traffic was affected by weather. Trevisan and Zales said overall traffic and engagement rose year over year, with no material weather impact on platform usage. In upcoming quarters, the StockStory team will be monitoring (1) the pace of premium product adoption and dealer engagement with AI-powered tools, (2) continued expansion and share gains in international markets, particularly the U.K. and Canada, and (3) the impact of ongoing investment on operating margins. Adoption of new consumer-facing features and the effectiveness of capital deployment strategies will also be key areas of focus. CarGurus currently trades at $31.45, down from $38.16 just before the earnings. Is there an opportunity in the stock?The answer lies in our full research report (it’s free for active Edge members). ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren't just high-quality businesses. Something is happening with them right now. Elite fundamentals meeting near-term momentum - both boxes checked at the same time. Find out which stocks our AI platform is flagging this week. See this week's Strong Momentum stocks - FREE. Get Our Strong Momentum Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.