CarGurus Inc

For the period ended Mar 31, 2025. Filed May 8, 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.

Mar 31, 2025 · Filed May 8, 2025

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Unaudited Condensed Consolidated Balance Sheets

(in thousands, except share and per share data)

	As ofMarch 31,2025	As ofDecember 31,2024
Assets
Current assets:
Cash and cash equivalents	$172,862	$304,193
Accounts receivable, net of allowance for doubtful accounts of $808 and $788, respectively	40,703	44,248
Inventory	810	338
Prepaid expenses, prepaid income taxes, and other current assets	21,107	27,868
Deferred contract costs	13,640	12,523
Restricted cash	2,848	2,036
Total current assets	251,970	391,206
Property and equipment, net	132,383	130,010
Intangible assets, net	11,318	11,767
Goodwill	46,714	46,167
Operating lease right-of-use assets	119,589	121,484
Deferred tax assets	110,050	106,672
Deferred contract costs, net of current portion	13,088	13,196
Other non-current assets	4,003	4,034
Total assets	$689,115	$824,536
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$29,891	$26,410
Accrued expenses, accrued income taxes, and other current liabilities	32,240	35,975
Deferred revenue	22,407	21,661
Operating lease liabilities	9,969	9,005
Total current liabilities	94,507	93,051
Operating lease liabilities	185,463	183,739
Deferred tax liabilities	15	26
Other non–current liabilities	7,080	6,031
Total liabilities	287,065	282,847
Commitments and contingencies (Note 8)
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; 84,334,642 and 89,002,571 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	84	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 March 31, 2025 and December 31, 2024, respectively	14	15
Additional paid-in capital	6,775	169,013
Retained earnings	396,486	375,119
Accumulated other comprehensive loss	(1,309)	(2,547)
Total stockholders’ equity	402,050	541,689
Total liabilities and stockholders’ equity	$689,115	$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.