CarGurus cuts credit facility to $200M, extends maturity to 2031

CarGurus amended its revolving credit facility on August 6, 2026, reducing total commitments from $400 million to $200 million and extending the facility's maturity to August 6, 2031. The amendment also raised the cap on its incremental facility and introduced a new leverage-based covenant.

The company reported $251 million in revenue for the second quarter of 2026, up 13% year over year, alongside $49.2 million in GAAP net income and $84.7 million in adjusted EBITDA. It also repurchased $29.2 million of stock during the quarter.

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