Q4 25 EPS
$0.63
MISS 0.44%
Est. $0.63
Q4 25 Revenue
$241.1M
BEAT +0.85%
Est. $239.1M
vs S&P Since Q4 25
+12.4%
BEATING MARKET
CARG +21.8% vs S&P +9.4%
Full Year 2025 Results
FY 25 EPS
$2.28
BEAT +5.62%
Est. $2.16
FY 25 Revenue
$907.0M
MISS 3.20%
Est. $936.9M
Market Reaction
Did CARG Beat Earnings? Q4 2025 Results
CarGurus posted a mixed but broadly solid Q4 2025, delivering revenue of $241.09 million, up 5.5% year-over-year and edging past the $239.04 million consensus estimate by 0.86%, while earnings per share of $0.63 fell just short of the $0.63 consensus… Read more CarGurus posted a mixed but broadly solid Q4 2025, delivering revenue of $241.09 million, up 5.5% year-over-year and edging past the $239.04 million consensus estimate by 0.86%, while earnings per share of $0.63 fell just short of the $0.63 consensus by 0.40%. The clearest story behind the quarter was the completed wind-down of the CarOffer Transactions Business, abandoned as of December 31, 2025, after the Board determined it had struggled in a volatile used-car pricing environment; stripping out that drag allowed the core marketplace to shine, with total paying dealers climbing 7% year-over-year to 34,409 and consolidated quarterly average revenue per subscribing dealer rising 8% to $6,616. The company also authorized a new $250 million share repurchase program, following roughly $350 million in buybacks during 2025, a signal that drew notable investor enthusiasm and lifted shares across the used-car sector. Looking ahead, CarGurus guided Q1 2026 revenue of $240.50 million to $245.50 million and full-year growth of 10% to 13%, even as modest EBITDA margin contraction suggests deliberate investment in AI-driven product development.
Key Takeaways
- • Expanding wallet share with accelerating product adoption
- • Improving dealer retention
- • Adding new dealers
- • U.S. paying dealers grew 5% YoY to 26,049
- • International paying dealers grew 14% YoY to 8,360
- • Total paying dealers grew 7% YoY to 34,409
- • U.S. QARSD grew 8% YoY to $7,938
- • International QARSD grew 16% YoY to $2,413
- • Consolidated QARSD grew 8% YoY to $6,616
CARG YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
CARG Revenue by Segment
With YoY comparisons, source: SEC Filings
CARG Revenue by Geography
With YoY comparisons, source: SEC Filings
“2025 was a pivotal year for CarGurus as we delivered strong financial performance while expanding our products and use cases across both dealer workflows and the consumer journey.”
— Jason Trevisan, Q4 2025 Earnings Press Release
CARG Earnings Trends
CARG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CARG EPS Trend
Earnings per share: estimate vs actual
CARG Revenue Trend
Quarterly revenue: estimate vs actual
CARG Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.57 | $0.58 | +1.81% | $243.6M | +0.18% |
| Q4 25 MISS FY | $0.63 | $0.63 | -0.44% | $241.1M | +0.85% |
| FY Full Year | $2.16 | $2.28 | +5.62% | $907.0M | -3.20% |
| Q3 25 BEAT | $0.55 | $0.57 | +3.75% | $238.7M | +1.62% |
| Q2 25 BEAT | $0.55 | $0.57 | +4.40% | $234.0M | +0.77% |
| Q1 25 BEAT | $0.44 | $0.46 | +5.50% | $225.2M | -0.63% |