CarGurus (CARG) Q2 Earnings: What To Expect

August 05, 2025 at 23:15 PM EDT

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Online auto marketplace CarGurus (NASDAQ: CARG) will be announcing earnings results this Thursday after market close. Here’s what to expect.

CarGurus met analysts’ revenue expectations last quarter, reporting revenues of $225.2 million, up 4.3% year on year. It was a satisfactory quarter for the company, with EBITDA guidance for next quarter exceeding analysts’ expectations but revenue guidance for next quarter meeting analysts’ expectations. It reported 32,372 users, up 3.8% year on year.

Is CarGurus a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting CarGurus’s revenue to grow 6.3% year on year to $232.5 million, a reversal from the 8.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.55 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CarGurus has missed Wall Street’s revenue estimates three times over the last two years.

Looking at CarGurus’s peers in the online marketplace segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Shutterstock delivered year-on-year revenue growth of 21.3%, beating analysts’ expectations by 7.5%, and EverQuote reported revenues up 33.7%, in line with consensus estimates. Shutterstock’s stock price was unchanged after the resultswhile EverQuote was down 7.8%.

Read our full analysis of Shutterstock’s results here and EverQuote’s results here.

Investors in the online marketplace segment have had steady hands going into earnings, with share prices flat over the last month. CarGurus is down 5.7% during the same time and is heading into earnings with an average analyst price target of $38.54 (compared to the current share price of $31.43).

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CarGurus (CARG) Q2 Earnings: What To Expect

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