CarGurus, Inc. Class A Common Stock

Day range

$30.88 – $31.77

Open

$31.37

Prev close

$31.52

Volume

453.5K

Market cap

$2.81B

Shares out

75.31M

P/E

15.96

P/S

2.98

P/B

10.62

P/FCF

8.91

ROE

66.5%

ROA

31.7%

Debt/Equity

0.00

Div yield

0.00%

As of Oct 23, 2026

• Executive compensation changeSep 3, 2026

  In connection with his appointment, the Company and Mr. Mandel entered into an offer letter pursuant to which he will receive an annual base salary of $450,000 and will be eligible to participate in the CarGurus Annual Incentive Plan, with a target bonus of up to $450,000.

• Credit facilityAug 6, 2026

  The Amendment, among other things, (i) reduces the aggregate revolving commitments under the Credit Agreement from $400.0 million to $200.0 million ('the Credit Facility'), (ii) extends the maturity date of the Credit Facility from September 26, 2027 to August 6, 2031, (iii) increases the cap of the Cash-Capped Incremental Facility to the greater of $380.0 million and 100% of the trailing four quarters of consolidated EBITDA, and (iv) adds a new incurrence-based covenant that prohibits the Company from incurring certain indebtedness unless, after giving pro forma effect thereto, the Consolidated Total Gross Leverage Ratio does not exceed 6.25:1.00.

• Restructuring planAug 7, 2025

  On August 6, 2025, the Board of Directors of the Company determined that it is in the best interests of its stockholders to wind down CarOffer, LLC ("CarOffer"), including the Dealer-to-Dealer and Instant Max Cash Offer products. The Company expects to substantially complete the wind-down activities in the second-half of 2025. As a result of the intended wind-down, the Company expects to incur total expenditures in the range of approximately $14.0 million to $19.0 million, primarily in the second half of 2025.

• Bylaw amendmentJun 6, 2024

  On June 4, 2024, the Board of Directors of the Company (the "Board") approved an amendment and restatement of its second amended and restated by-laws (as so amended and restated, the "By-laws"), effective immediately, to modify the definition of "Acting in Concert" in Article II, Section 2.12 relating to advance notice requirements applicable to stockholder-submitted business and nominations.

• Executive compensation changeFeb 26, 2024

  In connection with Ms. Eldridge's departure, on February 26, 2024, the Company and Ms. Eldridge entered into a separation agreement, pursuant to which, in exchange for granting and not revoking a customary release and in recognition of Ms. Eldridge's contributions to the Company, Ms. Eldridge will receive the following payments consisting of (a) a lump sum cash payment in the amount of $258,750, which is equal to nine months of Ms. Eldridge's current base salary (the "Severance Pay"); (b) continuation of certain subsidized medical and dental benefits until January 31, 2025; and (c) the acceleration of vesting of (x) 34,364 restricted stock units and (y) 6,161 shares subject to nonqualified stock options.

Days to cover

5.5

Short interest

7.73M

Avg volume

1.42M

As of Sep 30, 2026 · reported to FINRA twice monthly.

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