CarGurus, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
View on SEC.govAbout 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.
Sep 30, 2025 · Filed Nov 6, 2025
CARG$34.59+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Stockholders’ Equity
(in thousands, except share data)
| Class ACommon Stock · Class BCommon Stock · AdditionalPaid–in · Retained · AccumulatedOtherComprehensive · TotalStockholders’ | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Capital | Earnings | (Loss) Income | Equity | |
| Balance as of December 31, 2024 | 89,002,571 | $89 | 14,986,745 | $15 | $169,013 | $375,119 | $(2,547) | $541,689 |
| Net income | — | — | — | — | — | 39,045 | — | 39,045 |
| Stock–based compensation expense | — | — | — | — | 14,538 | — | — | 14,538 |
| Issuance of common stock upon exercise of stock options | 16,426 | — | — | — | 394 | — | — | 394 |
| Issuance of common stock upon vesting of restricted stock units | 715,951 | — | — | — | — | — | — | — |
| Payment of withholding taxes on net share settlements of restricted stock units | (251,366) | — | — | — | (8,987) | — | — | (8,987) |
| Repurchase of common stock | (5,919,435) | (6) | — | — | (168,183) | (17,678) | — | (185,867) |
| Conversion of common stock | 770,495 | 1 | (770,495) | (1) | — | — | — | — |
| Foreign currency translation adjustment | — | — | — | — | — | — | 1,238 | 1,238 |
| Balance as of March 31, 2025 | 84,334,642 | $84 | 14,216,250 | $14 | $6,775 | $396,486 | $(1,309) | $402,050 |
| Net income | — | $— | — | $— | $— | $22,343 | $— | $22,343 |
| Stock–based compensation expense | — | — | — | — | 14,883 | — | — | 14,883 |
| Issuance of common stock upon exercise of stock options | 1,500 | — | — | — | 10 | — | — | 10 |
| Issuance of common stock upon vesting of restricted stock units | 630,591 | 1 | — | — | (1) | — | — | — |
| Payment of withholding taxes on net share settlements of restricted stock units | (216,786) | — | — | — | (6,343) | — | — | (6,343) |
| Repurchase of common stock | (11,004) | — | — | — | 42 | (187) | — | (145) |
| Foreign currency translation adjustment | — | — | — | — | — | — | 2,679 | 2,679 |
| Balance as of June 30, 2025 | 84,738,943 | $85 | 14,216,250 | $14 | $15,366 | $418,642 | $1,370 | $435,477 |
| Net income | — | $— | — | $— | $— | $44,717 | $— | $44,717 |
| Stock–based compensation expense | — | — | — | — | 14,365 | — | — | 14,365 |
| Issuance of common stock upon exercise of stock options | 3,720 | — | — | — | 25 | — | — | 25 |
| Issuance of common stock upon vesting of restricted stock units | 623,078 | — | — | — | — | — | — | — |
| Payment of withholding taxes on net share settlements of restricted stock units | (223,102) | — | — | — | (7,526) | — | — | (7,526) |
| Repurchase of common stock | (3,233,649) | (3) | — | — | (15,454) | (96,172) | — | (111,629) |
| Foreign currency translation adjustment | — | — | — | — | — | — | 20 | 20 |
| Balance as of September 30, 2025 | 81,908,990 | $82 | 14,216,250 | $14 | $6,776 | $367,187 | $1,390 | $375,449 |
| Class ACommon Stock · Class BCommon Stock · AdditionalPaid–in · Retained · AccumulatedOtherComprehensive · TotalStockholders’ | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Capital | Earnings | (Loss) Income | Equity | |
| Balance as of December 31, 2023 | 92,175,243 | $92 | 15,999,173 | $16 | $263,498 | $354,147 | $(901) | $616,852 |
| Net income | — | — | — | — | — | 21,301 | — | 21,301 |
| Stock–based compensation expense | — | — | — | — | 17,649 | — | — | 17,649 |
| Issuance of common stock upon exercise of stock options | 36,455 | — | — | — | 11 | — | — | 11 |
| Issuance of common stock upon vesting of restricted stock units | 615,383 | 1 | — | — | (1) | — | — | — |
| Payment of withholding taxes on net share settlements of restricted stock units | (213,042) | — | — | — | (5,097) | — | — | (5,097) |
| Repurchase of common stock | (3,538,194) | (4) | — | — | (81,751) | — | — | (81,755) |
| Foreign currency translation adjustment | — | — | — | — | — | — | (599) | (599) |
| Balance as of March 31, 2024 | 89,075,845 | $89 | 15,999,173 | $16 | $194,309 | $375,448 | $(1,500) | $568,362 |
| Net loss | — | $— | — | $— | $— | $(68,721) | $— | $(68,721) |
| Stock-based compensation expense | — | — | — | — | 17,198 | — | — | 17,198 |
| Issuance of common stock upon exercise of stock options | 54,382 | — | — | — | 15 | — | — | 15 |
| Issuance of common stock upon vesting of restricted stock units | 803,405 | 1 | — | — | (1) | — | — | — |
| Payment of withholding taxes on net share settlements of restricted stock units | (273,422) | — | — | — | (6,291) | — | — | (6,291) |
| Repurchase of common stock | (2,654,807) | (3) | — | — | (61,791) | — | — | (61,794) |
| Other(1) | — | — | — | — | 3,507 | — | — | 3,507 |
| Foreign currency translation adjustment | — | — | — | — | — | — | (203) | (203) |
| Balance at June 30, 2024 | 87,005,403 | $87 | 15,999,173 | $16 | $146,946 | $306,727 | $(1,703) | $452,073 |
| Net income | — | $— | — | $— | $— | $22,511 | $— | $22,511 |
| Stock-based compensation expense | — | — | — | — | 16,994 | — | — | 16,994 |
| Issuance of common stock upon exercise of stock options | 58,922 | — | — | — | 49 | — | — | 49 |
| Issuance of common stock upon vesting of restricted stock units | 676,910 | 1 | — | — | (1) | — | — | — |
| Payment of withholding taxes on net share settlements of restricted stock units | (236,722) | — | — | — | (5,986) | — | — | (5,986) |
| Repurchase of common stock | (164,301) | — | — | — | (3,550) | — | — | (3,550) |
| Conversion of common stock | 241,935 | — | (241,935) | — | — | — | — | — |
| Foreign currency translation adjustment | — | — | — | — | — | — | 1,382 | 1,382 |
| Balance at September 30, 2024 | 87,582,147 | $88 | 15,757,238 | $16 | $154,452 | $329,238 | $(321) | $483,473 |
(1)
As of June 30, 2024, the Company recognized an immaterial adjustment to goodwill and additional paid-in-capital associated with the acquisitions of its equity interests in CarOffer, LLC.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.