CarGurus Announces Second Quarter 2025 Results & Shares Plans to Wind Down CarOffer Transactions Business

Is there any indication that the CarOffer wind‑down could lead to further strategic pivots or acquisitions in the automotive marketplace sector? How might the wind‑down affect existing partnerships and the overall user experience on the platform? Will the company provide revised guidance for FY2025, and how should that be incorporated into valuation models? Are there any changes to the company's capital allocation or cash‑flow outlook resulting from the wind‑down of CarOffer? What is the market's reaction likely to be to the announcement, and how might the stock price move in the short term? What are the potential long‑term implications for CarGurus' business model and market share after exiting the CarOffer segment? How will the 14% YoY revenue growth in the Marketplace segment affect earnings guidance for the next quarters? Will the reduction of CarOffer transactions lead to any one‑time charges or write‑offs that could affect Q2 results? What is the expected impact of winding down the CarOffer Transactions business on CarGurus' future revenue and profitability? How does CarGurus' Q2 2025 performance compare to its main competitors in the online automotive marketplace space?