CarGurus, Inc. (CARG) FY2025 10-K Annual Report
CarGurus, Inc. (CARG) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
CarGurus, Inc. FY2025 10-K Analysis
Business Overview
- • Core business: Multinational automotive platform connecting car shoppers and dealers via a data-driven marketplace with dealer software solutions
- • Strategic shift: Wind-down of CarOffer digital wholesale segment completed in 2025; consolidation to single reportable segment focusing on AI-powered inventory intelligence and smarter sourcing
Management Discussion & Analysis
- • Revenue $907.0M, up 14% YoY from $798.0M in 2024
- • Net income from continuing operations $196.7M vs $128.7M, Adjusted EBITDA $319.0M vs $255.6M in 2024
Risk Factors
- • Regulatory risk from discretionary credits in advertising contracts requiring monthly revenue deferral reviews impacting recognition policies
- • Macroeconomic exposure to higher interest rates, inflation, and labor disruptions affecting vehicle sales volume and consumer spending
CarGurus, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$907M
▲ +1.4% YoY
Net Income
$156M
▲ +643.4% YoY
Gross Margin
92.8%
▲ +1016bp YoY
Operating Margin
27.0%
▲ +2545bp YoY
Net Margin
17.2%
▲ +1484bp YoY
ROE
41.7%
▲ +3779bp YoY
Total Assets
$662M
▼ -19.7% YoY
EPS (Diluted)
$1.55
▲ +675.0% YoY
Operating Cash Flow
$295M
▲ +15.6% YoY
Source: XBRL data from CarGurus, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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