CarGurus shared its earnings for last quarter, showing a 12% rise in sales to $258 million.

Nov 5, 2026, 6:38 PM ETResultsRead the original at Benzinga

Good for CARG

CarGurus' sales rose 12% to $258 million, and it reported $89.7 million in adjusted EBITDA with a 35% margin. Dealer activity and product use grew, but dealer margin pressure and buyer affordability remain concerns; strong results and wider product use still support a positive reading.

CARG · CarGurus, Inc.

AI read · Good for CARG

The AI's read

More US dealers joined, and use of products beyond listings grew about 16%, giving CarGurus more ways to serve dealers. Its $250 million repurchase plan also sets out a cash return to shareholders. Dealer margins remain pressured, and buyers face stretched affordability and higher borrowing costs. Those strains temper the picture, but stronger dealer activity and growing product use support a positive reading.

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