CarGurus, Inc. Earnings Recaps
Q3 2025
Nov 9, 2025
CarGurus reported robust third-quarter results, with Marketplace revenue growing 14% year-over-year and adjusted EBITDA rising 18%, driven by strong dealer engagement and international growth.
Key takeaways
- Marketplace revenue reached $28 million, exceeding guidance and illustrating sustained demand.
- The company added nearly 2,000 net new dealers globally, demonstrating effective retention and expansion strategies.
- International revenue surged 27% year-over-year, highlighting growth in Canada and the U.K.
- CarGurus is enhancing its product offerings with data-driven solutions, expanding its addressable market and supporting long-term growth.
- The introduction of PriceVantage positions CarGurus as a strategic partner for dealers, enhancing profitability through smarter decision-making tools.