CarGurus, Inc.

For the period ended Jun 30, 2025. Filed Aug 7, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 7, 2025

CARG$34.59+0.1%Stored close · as of Nov 10, 2026

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Contents

Unaudited Condensed Consolidated Balance Sheets

(in thousands, except share and per share data)

	As ofJune 30,2025	As ofDecember 31,2024
Assets
Current assets:
Cash and cash equivalents	$231,233	$304,193
Accounts receivable, net of allowance for doubtful accounts of $935 and $788, respectively	41,032	44,248
Inventory	963	338
Prepaid expenses, prepaid income taxes, and other current assets	19,081	27,868
Deferred contract costs	14,547	12,523
Restricted cash	2,116	2,036
Total current assets	308,972	391,206
Property and equipment, net	130,299	130,010
Intangible assets, net	4,303	11,767
Goodwill	28,370	46,167
Operating lease right-of-use assets	117,454	121,484
Deferred tax assets	120,002	106,672
Deferred contract costs, net of current portion	13,032	13,196
Other non-current assets	3,689	4,034
Total assets	$726,121	$824,536
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$32,738	$26,410
Accrued expenses, accrued income taxes, and other current liabilities	31,893	35,975
Deferred revenue	23,395	21,661
Operating lease liabilities	9,173	9,005
Total current liabilities	97,199	93,051
Operating lease liabilities	186,038	183,739
Deferred tax liabilities	26	26
Other non–current liabilities	7,381	6,031
Total liabilities	290,644	282,847
Commitments and contingencies (Note 9)
Stockholders’ equity:
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized; no shares issued and outstanding	—	—
Class A common stock, $0.001 par value per share; 500,000,000 shares authorized; 84,738,943 and 89,002,571 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively	85	89
Class B common stock, $0.001 par value per share; 100,000,000 shares authorized; 14,216,250 and 14,986,745 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively	14	15
Additional paid-in capital	15,366	169,013
Retained earnings	418,642	375,119
Accumulated other comprehensive income (loss)	1,370	(2,547)
Total stockholders’ equity	435,477	541,689
Total liabilities and stockholders’ equity	$726,121	$824,536

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.