CarGurus Publishes Q3 2026 Earnings Call Transcript

By Public Technologies
  • CarGurus reported third-quarter 2026 revenue of $258 million, up 12% year over year; adjusted EBITDA reached $89.7 million.
  • The November 5 earnings call featured CEO Jason Trevisan, CFO Matthew Mandel, President and COO Sam Zales, and investor-relations head Kirndeep Singh.
  • Fourth-quarter revenue guidance was $258.5 million to $263.5 million; adjusted EBITDA was projected at $93 million to $101 million.
  • A new $250 million share repurchase program runs from November 4, 2026, through December 31, 2027.
  • Management cited dealer margin pressure restraining spending, while adoption of add-on products primarily drove 7% growth in U.S. quarterly revenue per subscribing dealer.


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