CarGurus Reports Q3 2026 Revenue of $258.4 Million
Revenue rose 11.5% to 12% year over year, and GAAP net income from continuing operations was $52.8 million. CarGurus projected Q4 revenue of $258.5 million to $263.5 million and adjusted EPS of $0.73 to $0.79.
CarGurus, Inc. announced its financial results for the third quarter of 2026, reporting revenue of $258.4 million, which represents an 11.5% to 12% increase year-over-year. The company achieved GAAP net income from continuing operations of $52.8 million. CEO Jason Trevisan noted that the company is expanding its AI-enabled solutions for dealer workflows, including the launch of a new inventory pillar called StockVantage.
The company also provided forward-looking guidance for the fourth quarter of 2026, projecting revenue in the range of $258.5 million to $263.5 million and adjusted EPS between $0.73 and $0.79. Management emphasized a focus on disciplined execution and robust free cash flow to drive long-term stockholder value.