CarGurus, Inc. Q3 2025 Earnings Recap

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.