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CarGurus Appoints Matthew Mandel as CFO
CarGurus announced it has appointed Matthew Mandel as CFO, effective Oct. 19. Reporting to CarGurus CEO Jason Trevisan, Mandel will lead financial strategy and operations; corporate development; and leadership operations. He succeeds Trevisan, who has served as interim principal financial and principal accounting officer since March 2025.
CarGurus Reports Q2 Revenue of $251M
Reports Q2 revenue $251M, consensus $249.88M. "We delivered strong second-quarter results, with 13% year-over-year revenue growth and continued momentum in our International business," said Jason Trevisan, CEO at CarGurus. "We expanded the use of data and predictive intelligence in dealer workflows through our AI-powered products and solutions. At the same time, this quarter we introduced Guru, our consumer-facing AI layer that advances our broader strategy of becoming a trusted, AI-led expert consumer guide across the full car-shopping journey. Together, our dealer and consumer initiatives have been driving deeper engagement, which we believe strengthens our competitive position and creates durable long-term value for our customers and stockholders."
Sees Q3 Revenue of $253.5M-$258.5M
Sees Q3 revenue $253.5M-$258.5M, consensus $257.28M.
Sees Non-GAAP Adjusted EBITDA Margin Down 2.5% Year-over-Year
Sees non-GAAP adjusted EBITDA from continuing operations margin change year-over-year of (1.5)% to (2.5)%.
CarGurus Reports Q1 Revenue of $243.6M
Reports Q1 revenue $243.6M, consensus $243.12M. "We are pleased with our first quarter results, as we sustained our momentum with revenue growing 15% year-over-year as we continued to invest in AI-led product innovation across dealer pillars and the consumer journey," said Jason Trevisan, Chief Executive Officer at CarGurus. "We are embedding data and predictive intelligence more directly into dealer decision-making across inventory, marketing, and lead conversion while transforming the consumer experience with AI-powered solutions that help consumers shop with greater confidence. We believe that our product innovation engine positions us well to extend our leadership and sustain long-term growth."
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