<span item_type="fundamental" item_id="4fb4eafdf1769b272869e9dabf52e2c7" counter_id="ST/US/CARG" env="prod"></span><span item_type="announcement" item_id="645839074246332417" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 243.56 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.34.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 38.41 M.</p><p></p><h4>Revenue</h4><p>CarGurus, Inc. reported Q1 2026 revenue of $243.6 million, an increase of 15% year-over-year (YoY) <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>.</p><h4>Net Income</h4><p>GAAP Net Income from continuing operations for Q1 2026 was $32.2 million, a decrease of 23% YoY, resulting in a 13% margin <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>.</p><h4>Non-GAAP Adjusted EBITDA</h4><p>Non-GAAP Adjusted EBITDA from continuing operations reached $80.2 million in Q1 2026, an increase of 17% YoY, with a 33% margin <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>.</p><h4>Gross Profit</h4><p>Gross profit for Q1 2026 was $224.6 million, up 14% YoY, with a gross margin of 92%, which is a -102 basis points change from the prior year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>.</p><h4>Operating Expenses</h4><p>Operating expenses totaled $184.5 million in Q1 2026, marking a 25% increase YoY <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>. Impairments of $19.7 million were recorded, with $0.5 million in cost of revenue and $19.2 million in operating expenses <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>.</p><h4>Cash and Cash Equivalents</h4><p>Cash and cash equivalents at period end were $72.0 million, a decrease of -62% YoY <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>.</p><h4>Cash Flow from Operations</h4><p>Net cash provided by operating activities was $69,849 thousand for the three months ended March 31, 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>.</p><h4>Cash Flow from Investing Activities</h4><p>Net cash used in investing activities was - $6,692 thousand for the three months ended March 31, 2026, which included - $391 thousand for purchases of property and equipment and - $6,301 thousand for capitalization of website development costs <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>.</p><h4>Cash Flow from Financing Activities</h4><p>Net cash used in financing activities was - $181,013 thousand for the three months ended March 31, 2026, including - $174,439 thousand for repurchases of common stock <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>.</p><h4>Non-GAAP Free Cash Flow</h4><p>Non-GAAP free cash flow was $63,157 thousand for the three months ended March 31, 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>.</p><h4>Paying Dealers</h4><p>U.S. Paying Dealers were 26,116, up 4% YoY <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>. International Paying Dealers were 8,480, up 17% YoY <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>. Total Paying Dealers reached 34,596, an increase of 7% YoY <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>.</p><h4>Quarterly Average Revenue per Subscribing Dealer (QARSD)</h4><p>U.S. QARSD was $7,996, up 9% YoY <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>. International QARSD was $2,468, up 19% YoY <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>. Consolidated QARSD was $6,647, up 8% YoY <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>.</p><h4>Outlook / Guidance</h4><p>For the second quarter of 2026, CarGurus, Inc. anticipates total revenue between $247.0 million and $252.0 million, and Non-GAAP Adjusted EBITDA from continuing operations between $77.5 million and $85.5 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>. Non-GAAP Earnings per Share from continuing operations is projected to be $0.57 to $0.64 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>. For the full-year 2026, the company expects revenue to change by 10% to 13% YoY, and Non-GAAP Adjusted EBITDA from continuing operations margin to change by -1.5% to -2.5% YoY <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1494259/000119312526211932/carg-ex99_1.htm"></span>.</p>

CarGurus | 8-K: FY2026 Q1 Revenue: USD 243.56 M