Short answer
CarGurus, Inc. (CARG) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $239M (up 3.2% year over year) with net income of $45M.
Q3 2025 key financials · XBRL
- Revenue
- $239M
- +3.2% YoY · +2.0% QoQ
- Net income
- $45M
- −51.0% YoY · +100.1% QoQ
- Operating margin
- 22.9%
- Gross margin
- 89.5%
- EPS (diluted)
- $0.44
- +109.5% YoY · +91.3% QoQ
Source: XBRL data from the CarGurus, Inc. (CARG) Q3 2025 10-Q on SEC EDGAR. USD.
CarGurus, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: Wind-down of CarOffer to complete by end of 2025, with estimated total costs lowered to $13.0-$15.0 million due to strategic reassessment
- Most materially updated risk: CarOffer impairment charges of $127.5M (Q2 2024) and $32.6M (Q2 2025) reflecting ongoing operational challenges and asset valuation changes
- Regulatory risk: Potential adverse impacts from tariffs, trade restrictions, and trade disputes affecting automobile costs and consumer demand globally
- Operational risk: Wind-down disruption risks include personnel retention, management distraction, and strained dealer and vendor relationships impacting other business lines
- Financial risk: Remaining cash expenditures for CarOffer wind-down estimated at $7.0-$9.0 million, with payments extending into first half of 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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