CarGurus publishes Q3 2026 earnings call transcript
CARG•CarGurus reported third-quarter 2026 revenue of $258 million, up 12% year over year, and adjusted EBITDA of $89.7 million. It forecast fourth-quarter revenue of $258.5 million to $263.5 million and announced a $250 million share repurchase program.
1. Quarterly results and outlook
CarGurus reported third-quarter 2026 revenue of $258 million, up 12% year over year, and adjusted EBITDA of $89.7 million. For the fourth quarter, it projected revenue of $258.5 million to $263.5 million and adjusted EBITDA of $93 million to $101 million.
2. Repurchase and dealer trends
A new $250 million share repurchase program runs from November 4, 2026, through December 31, 2027. Management cited dealer margin pressure as a constraint on spending, while add-on product adoption primarily drove 7% growth in U.S. quarterly revenue per subscribing dealer.
