CarGurus, Inc. (CARG) Q3 2025 10-Q Quarterly Report
Filed: Nov 6, 2025Period ending Sep 30, 2025
Information Technology
Services-Computer Processing & Data PreparationSEC EDGAR CarGurus, Inc. (CARG) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 6, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
CarGurus, Inc. Q3 2025 10-Q Analysis
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
CarGurus, Inc. Q3 2025 Quarterly FinancialsXBRL
Revenue
$239M
▲ +3.2% YoY▲ +2.0% QoQ
Net Income
$45M
▼ -51.0% YoY▲ +100.1% QoQ
Gross Margin
89.5%
▲ +1055bp YoY▲ +213bp QoQ
Operating Margin
22.9%
▲ +1105bp YoY▲ +1229bp QoQ
Net Margin
18.7%
▼ -2070bp YoY▲ +919bp QoQ
ROE
11.9%
Total Assets
$660M
EPS (Diluted)
$0.44
▲ +109.5% YoY▲ +91.3% QoQ
Operating Cash Flow
$71M
▲ +26.6% YoY▼ -2.7% QoQ
Source: XBRL data from CarGurus, Inc. Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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