---
title: "CarGurus Shares Fall Despite Q1 Results Edging Above Estimates"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285745991.md"
description: "CarGurus (CARG) shares fell 6.5% despite reporting Q1 results that slightly exceeded Wall Street estimates. Non-GAAP earnings increased to $0.58 per diluted share, up from $0.48 a year prior, while revenue rose to $243.6 million from $212.2 million. However, the company experienced a 23% decline in GAAP net income and reported $19.7 million in impairment charges. For Q2, CarGurus anticipates non-GAAP EPS between $0.57 and $0.64, with revenue projected at $247 million to $252 million."
datetime: "2026-05-08T14:44:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285745991.md)
  - [en](https://longbridge.com/en/news/285745991.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285745991.md)
---

# CarGurus Shares Fall Despite Q1 Results Edging Above Estimates

10:44 AM EDT, 05/08/2026 (MT Newswires) -- CarGurus ( CARG ) shares fell 6.5% in Friday trading even after the company reported Q1 results that edged above Wall Street estimates.

Non-GAAP earnings rose to $0.58 per diluted share from $0.48 a year earlier, the company said Thursday. Analysts polled by FactSet expected $0.57.

Revenue in the three months ended March 31 rose to $243.6 million from $212.2 million a year earlier. Analysts surveyed by FactSet expected $243.1 million.

Q1 results also showed a 23% drop in GAAP net income, $19.7 million in impairment charges, higher operating expenses and narrower margins.

The company expects Q2 non-GAAP EPS of $0.57 to $0.64 on revenue of $247 million to $252 million. Analysts polled by FactSet expect EPS of $0.61 on revenue of $249.6 million.

Price: 35.68, Change: -2.48, Percent Change: -6.50

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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