Exhibit 99.1 CarGurus Announces First Quarter 2025 Results Marketplace revenue grew 13% YoY Q1'25 Net Income of $39.0 million; Non-GAAP Adjusted EBITDA of $66.3 million, up 32% YoY Repurchased $184.2 million worth of shares in Q1'25, representing 6% of our outstanding capital BOSTON, May 8, 2025 - CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles*, today announced financial results for the first quarter ended March 31, 2025. "Our s ...

Marketplace revenue grew 13% YoY Q1'25 Net Income of $39.0 million; Non-GAAP Adjusted EBITDA of $66.3 million, up 32% YoY Repurchased $184.2 million worth of shares in Q1'25, representing 6% of our outstanding capital BOSTON, May 08, 2025 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles*, today announced financial results for the first quarter ended March 31, 2025. "Our strong momentum in our Marketplace busine ...

Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short- term price performance of a stock. The upcoming report from CarGurus (CARG) is expected to reveal quarterly earnings of $0.42 per share, indicating an increase of 31.3% compared ...

Core Insights - CarGurus, Inc. is the leading digital auto platform for shopping, buying, and selling vehicles, with a scheduled participation in the J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference on May 13, 2025 [1] Company Overview - CarGurus operates a multinational online automotive platform that enhances its listings marketplace with digital retail solutions and the CarOffer online wholesale platform [3] - The platform provides consumers with confidence in purchasing or selling vehicles online or in-person, while enabling dealerships to accurately price, market, acquire, and sell vehicles effectively [3] - CarGurus is recognized as the most visited automotive shopping site in the U.S. [3] Market Presence - In addition to the U.S. market, CarGurus operates online marketplaces in Canada and the U.K., and also manages independent brands such as Autolist in the U.S. and PistonHeads in the U.K. [4]

Core Viewpoint - CarGurus, Inc. will announce its financial results for the quarter ended March 31, 2025, on May 8, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results will be reported in a press release [1] - A conference call and live webcast will be held at 5:00 p.m. Eastern Time on May 8, 2025, for investors and analysts [2] - An audio replay of the call will be available from 8:00 p.m. Eastern Time on May 8, 2025, until 11:59 p.m. Eastern Time on May 22, 2025 [3] Group 2: Company Overview - CarGurus is a leading online automotive platform for buying and selling vehicles, utilizing proprietary technology and data analytics [4] - The company operates in the U.S., Canada, and the U.K., and also manages independent online marketplaces like Autolist and PistonHeads [5]

Company Overview - CarGurus (CARG) shares increased by 11% to close at $27.95, following a notable trading volume that exceeded typical levels, despite a 20.8% loss over the past four weeks [1] - The stock's surge is attributed to a broader market rebound after the Trump administration announced a temporary halt on reciprocal tariffs, alleviating fears of a recession [2] Earnings Expectations - CarGurus is expected to report quarterly earnings of $0.42 per share, reflecting a year-over-year increase of 31.3%, with revenues projected at $226.95 million, up 5.2% from the previous year [3] - The consensus EPS estimate for CarGurus has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Context - CarGurus is part of the Zacks Automotive - Replacement Parts industry, where another company, Mister Car Wash (MCW), saw a 9.3% increase in its stock price, closing at $7.49, despite a -13% return over the past month [4] - Mister Car Wash's consensus EPS estimate has changed by -0.4% to $0.10, representing a 25% increase from the previous year [5]

Core Insights - The first quarter of 2025 has been significantly influenced by tariff news, leading to a shift in consumer urgency and an uptick in new car sales [2] - New car pricing remains a critical challenge, with vehicles priced under $30,000 making up only 13% of inventory, a decrease from 37% in Q1 2020, and average list prices expected to rise by over $3,300 to approximately $52,800 due to tariffs [2] - The used car market offers more options but presents trade-offs in terms of vehicle age and mileage, with the share of used sales under $20,000 dropping from 64% in Q1 2020 to 43% in Q1 2025 [3] Market Trends - Tariffs have triggered a late-month surge in new car retail sales, which increased by nearly 30% month-over-month following tariff announcements [3] - Imported models, particularly compacts and fuel-efficient options priced under $40,000, are in low supply, with popular models like Toyota's RAV4 and Honda's Civic facing inventory challenges [3] - The used electric vehicle (EV) market is growing, with average prices stabilizing around $36,000, and used EVs priced under $25,000 showing strong demand [3] Consumer Guidance - Shoppers are encouraged to utilize platforms like CarGurus for price tracking and inventory comparison to stay informed on market trends [3][4] - Pre-qualification for financing is recommended to enhance buying power and streamline the purchasing process [3] - Expanding the search radius for specific models can help consumers find better prices, as local demand can significantly impact car values [4]

Core Insights - CarGurus has launched a national brand campaign titled "Big Deal" to emphasize the significance of car shopping and the role of its digital tools in helping consumers find the best deals [1][2][3] Company Overview - CarGurus, Inc. (NASDAQ:CARG) is recognized as the fastest-growing automotive shopping site in Canada and operates online marketplaces in the U.K., Canada, and the U.S. [6][9] - The platform provides comprehensive vehicle history, unbiased deal ratings, and various tools to facilitate confident decision-making for buyers and sellers [2][6] Campaign Details - The "Big Deal" campaign aims to reflect the emotional weight of buying or selling a car, acknowledging it as a significant life decision [3] - The campaign will be promoted across TV networks, connected TV providers, and supplemented with digital and social media executions throughout the year [3] Tools and Features - CarGurus offers features such as an easy-to-use app, price drop alerts, and online financing options to enhance the car buying experience [2] - The platform also assists sellers with car pricing tools and the ability to receive instant offers for selling their vehicles online [2]

Core Insights - CarGurus has launched a national brand campaign titled "Big Deal" to emphasize the significance of car shopping and the role of its digital tools in helping consumers find the best deals [1][2][3] Company Overview - CarGurus, Inc. is the fastest-growing automotive shopping site in Canada, providing a platform for buying and selling vehicles with a focus on trust and transparency [6][7] - The company connects buyers to the best deals by offering complete vehicle history, unbiased deal ratings, and various digital tools to facilitate confident decision-making [2][6] Campaign Details - The "Big Deal" campaign aims to reflect the emotional weight of purchasing or selling a car, acknowledging it as a significant life decision [3] - The campaign will be promoted across TV networks, connected TV providers, and supplemented with digital and social media executions throughout the year [3] Tools and Features - CarGurus provides an easy-to-use app, price drop alerts, and online financing options to enhance the car buying experience [2] - The platform also offers car pricing tools for sellers and the ability to receive instant offers for selling vehicles online [2]

Group 1 - The Q4 earnings season has seen momentum stocks suffer significant declines even with minor earnings misses [1] - CarGurus, the largest online marketplace for used cars, experienced a substantial rebound rally prior to recent earnings reports [1] Group 2 - Gary Alexander has extensive experience in technology sectors, contributing insights that shape industry trends [1]