CarGurus (CARG) Q2 EPS Jumps 46%
CarGurus (NASDAQ:CARG), a leading online automotive marketplace, reported its results for the second quarter of fiscal 2025 on August 7, 2025. The company posted GAAP revenue of $234.0 million in Q2 2025, slightly above analyst GAAP estimates of $232.7 million, and delivered non-GAAP earnings per share of $0.57, outpacing expectations. The quarter also included a pivotal announcement: CarGurus plans to wind down its CarOffer transactions business following continued underperformance, redirecting focus on its core Marketplace platform and data-driven dealer solutions. Overall, the period showed robust growth in the core business offset by losses in Digital Wholesale, with an earnings beat (GAAP revenue of $234.0 million vs. consensus estimate of $232.7 million) and expanding margins signaling momentum in key areas.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
CarGurus operates a digital automotive marketplace connecting car buyers and dealers, offering listings, data insights, and digital deal tools. The company is known for its robust user base and network of more than 33,000 paying dealers globally, serving both the U.S. and key international markets such as the U.K. and Canada. Its reach attracts a large, in-market consumer audience and drives value for dealers through higher visibility and actionable data.
Source Fool.com
