CarGurus, Inc. (CARG) Earnings
CarGurus, Inc. is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $0.62. CARG has beaten EPS estimates in 11 of its last 12 reported quarters (average surprise +4.0% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.56 | $0.58 | +3.6% | $244M | +0.2% |
| Feb 19, 2026 | $0.61 | $0.63 | +3.3% | $241M | +0.8% |
| Nov 6, 2025 | $0.55 | $0.57 | +3.6% | $239M | -0.2% |
| Aug 7, 2025 | $0.54 | $0.57 | +5.6% | $234M | +0.8% |
| May 8, 2025 | $0.42 | $0.46 | +9.5% | $225M | -3.4% |
| Feb 20, 2025 | $0.50 | $0.55 | +10.0% | $229M | -1.4% |
| Nov 7, 2024 | $0.42 | $0.45 | +7.1% | $231M | +0.1% |
| Aug 8, 2024 | $0.34 | $0.41 | +20.6% | $219M | +1.2% |
| May 9, 2024 | $0.29 | $0.32 | +10.3% | $216M | -0.5% |
| Feb 26, 2024 | $0.35 | $0.35 | +0.0% | $223M | +1.4% |
| Feb 28, 2023 | $0.10 | $0.22 | +120.0% | $287M | +1.9% |
| Feb 24, 2022 | $0.29 | $0.43 | +48.3% | $339M | +21.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
1. Following the playbook from the U.S., being ROI number one in the market with dealers, visitor base growing faster than competitors. 2. Data is a key enabler; from consumer journey perspective, Discover helps consumers determine car type, find and connect with dealer, and dealership mode helps understand dealer info. In conversational exchange, learn a lot about customers, use AI tools for memory, personalization. 3. PriceVantage product is a profit maximization predictive tool, selling to independent and franchise dealers, seeing success, with 47% VDP views and 117% faster closes vs top competition. 4. Think about using cash in three categories: investing back in business, M&A and powder for M&A, returning capital to shareholders. 5. AI tools: traffic and leads from LLMs are very small, top funnel, not substitute for marketplace, but embracing presence in LLMs and building own AI capabilities.
Guidance
1. Stock buyback: Remaining authorization is $75 million, will be aggressive when prices are more compelling. 2. Cash levels: Think about investing in business, M&A, and returning capital to shareholders, have line of credit for risk mitigation, no hard floor for minimum cash levels shared. 3. AI tools: Adoption is growing fast but traffic and leads from LLMs are very small, top funnel, not substitute for marketplace.
Segment performance
Not explicitly detailed in the transcript
Risks & headwinds
Not explicitly discussed in the transcript
Analyst Q&A
Q: Asked about new ways to interact with consumers using data and AI, and weather impact on traffic.
A: Data helps create unique products, from consumer journey perspective, Discover and dealership mode help consumers, learn a lot from customers, AI tools have memory and personalization; visitor statistics rose year over year, weather was a general factor with other market factors.
Q: Asked about PriceVantage product, types of dealers, and stock buybacks.
A: PriceVantage sells to independent and franchise dealers, growth tripled quarter over quarter, profit is a huge outcome; remaining stock buyback authorization is $75 million, will be aggressive when prices are compelling.
Q: Asked about cash balance and minimum cash levels.
A: Think about cash use in three categories, have line of credit, no hard floor for minimum cash levels shared.
Q: Asked about conversion rates or acquisition costs for dealers with AI tools.
A: Traffic and leads from LLMs are very small, top funnel, not substitute for marketplace, early adopters get smarter and come to the site for the process.