CarGurus Beats Q3 Estimates, Sees Higher Revenue
The Boston-based online auto marketplace reported third-quarter profit of $52.8 million and outlined its fourth-quarter and full-year expectations.
Updated on Nov. 5, 2026 in Buying/Selling
CarGurus Inc. reported third-quarter profit of $52.8 million, or 59 cents per share, with adjusted earnings of 70 cents per share, exceeding the Zacks analyst average estimate of 66 cents. Third-quarter revenue reached $258.4 million, above the Zacks analyst estimate of $256.2 million.
Why it matters
The results and guidance offer a snapshot of how the online auto shopping platform is performing against analyst expectations heading into its next quarter. The company's outlook provides investors and industry watchers a view of its expected trajectory through the end of the fiscal year.
Third-quarter revenue of $258.4 million and adjusted earnings of 70 cents per share beat Zacks analyst estimates of $256.2 million and 66 cents. Management guided to full-year revenue of $1.01 billion to $1.02 billion and earnings of $2.66 to $2.72 per share.
The players
CarGurus Inc.
CarGurus is a Boston-headquartered online automotive marketplace that connects car buyers and sellers and provides vehicle listing and pricing tools.
The details
The results were disclosed in the company's third-quarter earnings release on Thursday, November 5, 2026. Adjusted earnings exclude one-time gains and costs, and the company said it expects per-share earnings of 73 cents to 79 cents for the quarter ending in December.
Timeline
Third quarter 2026: CarGurus reports quarterly profit and revenue results.
Thursday, November 5, 2026: CarGurus releases third-quarter earnings.
Quarter ending December 2026: CarGurus expects per-share earnings of 73 to 79 cents.
Fiscal fourth quarter 2026: CarGurus expects revenue of $258.5 million to $263.5 million.
Market Landscape
The results reflect the continued move of vehicle shopping from dealership lots onto online marketplaces, where platforms compete for buyer traffic and dealer listing revenue. CarGurus' beat against Zacks estimates places it among the stronger performers in that competitive online auto marketplace segment.
Shoppers using online car marketplaces may see continued competition among platforms for listings and pricing tools. The company's guidance suggests ongoing revenue growth that could influence how dealer listings and vehicle prices are presented to buyers.
The takeaway
Comparing online listings across multiple platforms can help car shoppers gauge fair pricing before negotiating with a dealer. Reviewing a platform's pricing tools and dealer ratings may provide useful context for a purchase decision.
Further reading
For more on the car purchase process, explore Buying/Selling coverage from Boston.
Source note: This article includes information reported by WTOP.
