---
title: "CarGurus | 8-K: FY2026 Q1 Revenue: USD 243.56 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285611443.md"
datetime: "2026-05-07T20:23:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285611443.md)
  - [en](https://longbridge.com/en/news/285611443.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285611443.md)
---

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

Revenue: As of FY2026 Q1, the actual value is USD 243.56 M.

EPS: As of FY2026 Q1, the actual value is USD 0.34.

EBIT: As of FY2026 Q1, the actual value is USD 38.41 M.

#### Revenue

CarGurus, Inc. reported Q1 2026 revenue of $243.6 million, an increase of 15% year-over-year (YoY) .

#### Net Income

GAAP Net Income from continuing operations for Q1 2026 was $32.2 million, a decrease of 23% YoY, resulting in a 13% margin .

#### Non-GAAP Adjusted EBITDA

Non-GAAP Adjusted EBITDA from continuing operations reached $80.2 million in Q1 2026, an increase of 17% YoY, with a 33% margin .

#### Gross Profit

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 .

#### Operating Expenses

Operating expenses totaled $184.5 million in Q1 2026, marking a 25% increase YoY . Impairments of $19.7 million were recorded, with $0.5 million in cost of revenue and $19.2 million in operating expenses .

#### Cash and Cash Equivalents

Cash and cash equivalents at period end were $72.0 million, a decrease of -62% YoY .

#### Cash Flow from Operations

Net cash provided by operating activities was $69,849 thousand for the three months ended March 31, 2026 .

#### Cash Flow from Investing Activities

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 .

#### Cash Flow from Financing Activities

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 .

#### Non-GAAP Free Cash Flow

Non-GAAP free cash flow was $63,157 thousand for the three months ended March 31, 2026 .

#### Paying Dealers

U.S. Paying Dealers were 26,116, up 4% YoY . International Paying Dealers were 8,480, up 17% YoY . Total Paying Dealers reached 34,596, an increase of 7% YoY .

#### Quarterly Average Revenue per Subscribing Dealer (QARSD)

U.S. QARSD was $7,996, up 9% YoY . International QARSD was $2,468, up 19% YoY . Consolidated QARSD was $6,647, up 8% YoY .

#### Outlook / Guidance

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 . Non-GAAP Earnings per Share from continuing operations is projected to be $0.57 to $0.64 . 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 .

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