Marketplace Revenue Growth
Marketplace revenue grew 13% year-over-year, adding $25 million, driven by dealer count growth, subscription tier upgrades, and increased adoption of value-added products and services.
International Revenue Expansion
International revenue expanded 20% year-over-year, with significant growth in Canada and the UK, driven by a 22% year-over-year aggregate lead growth and continued product innovation.
Improved Marketplace Margins
Marketplace adjusted EBITDA grew 27% year-over-year with margins improving more than 340 basis points to nearly 33%.
Strong Dealer Engagement and Adoption
Dealer adoption of new products like VIN level targeting and Digital Deal has increased, with nearly 1,200 net new global dealer additions year-over-year.
Consumer Engagement and Brand Strength
CarGurus was Canada's most downloaded auto app in Q1, contributing to an 85% year-over-year increase in direct traffic and reinforcing brand strength.