Financial Performance - Q1 2025 - Total revenue reached $225.2 million[9], with U S Marketplace & Other contributing $212.2 million[9] and Digital Wholesale accounting for $12.9 million[9] - U S Marketplace & Other revenue grew by 13% year-over-year[9] - Non-GAAP Adjusted EBITDA was $66.3 million[9], representing a 29% margin[9] - Digital Wholesale revenue was $12.9 million[9], with a Non-GAAP Gross Profit of $1.982 million[50] and a Non-GAAP Gross Profit Margin of 15%[50] Key Metrics and Growth Drivers - The paying dealer base increased by 1,197 dealers year-over-year[23], reaching a total of 32,372 dealers[23] - U S QARSD (Quarterly Average Revenue per Subscription Dealer) was $6,173[18] - International QARSD was $2,073[18] - CarGurus has 60% more average monthly visits than its closest competitor[28] Q2 2025 Outlook - The company projects total revenue between $222 million and $242 million[41] - Marketplace revenue is expected to be between $219.5 million and $224.5 million[41] - Non-GAAP Adjusted EBITDA is forecasted to be between $71.5 million and $79.5 million[41]