CarGurus Mid-Year Report Finds Momentum Across Key Segments as Affordability Reshapes the Market

CarGurus Mid-Year Report Finds Momentum Across Key Segments as Affordability Reshapes the Market BOSTON, June 23, 2026 (GLOBE NEWSWIRE) -- CarGurus, the No. 1 most visited automotive shopping site in the U.S. 1, today released its 2026 Mid-Year Review, highlighting a year shaped so far by resilient consumer demand as consumer preferences are pushing new milestones across key segments, from luxury SUVs selling faster than the new vehicle average to used hybrid prices hitting all-time highs.

“The first half of 2026 has been defined by demand holding especially strong at both ends of the price spectrum,” said Kevin Roberts, Director of Economic and Market Intelligence at CarGurus. “At one end, full-size luxury SUVs priced above $80,000 are clearing lots in under 30 days. At the other, almost half of the used cars sold this year were models over 7 years old, with high-mileage trucks priced around $20,000 seeing the largest gains. At the same time, used hybrid prices have hit an all-time high. Buyers have shown they’ll continue to adapt to a market that’s constantly finding new norms.”

Key themes from the report include:

To learn more about these trends and more, the CarGurus 2026 Mid-Year Review is available here.

About CarGurus, Inc.

CarGurus (Nasdaq: CARG) is the leading multinational automotive platform helping consumers and dealers confidently buy and sell vehicles. Founded in 2006 with a mission to bring more trust and transparency to car shopping, CarGurus is the No. 1 visited automotive shopping site in the U.S. 1 with the largest selection of inventory and network of dealers. 2 CarGurus’ unmatched selection, trusted automotive insights, and data-driven products and solutions support each shopper’s journey — from online research and shopping to in-dealership decisions — to empower them at every step. And, by translating data from billions of monthly site interactions, CarGurus provides dealers a personalized, predictive intelligence platform with software solutions that helps them run their businesses more efficiently and profitably at all stages of inventory acquisition and pricing, marketing, and conversion to sale.

CarGurus operates online marketplaces in the U.S., U.K., and Canada. The company’s network of brands includes PistonHeads, the largest online motoring community in the U.K. 3, and Autolist, a U.S.- based online marketplace.

To learn more about CarGurus, visit www.cargurus.com.

1 Similarweb: Traffic and Engagement Report (Cars.com, Autotrader.com, TrueCar.com, CARFAX.com Listings (defined as CARFAX.com Total Visits minus Vehicle History Reports)), Q1 2026, U.S.

2 Largest car shopping platform defined as most inventory and largest dealer network. Compared to Autotrader.com , Cars.com, TrueCar.com, and CARFAX (Joreca as of December 31, 2025).

3 Similarweb: Traffic Insights, Q1 2026, U.K.

CarGurus® and Autolist® are each a registered trademark of CarGurus, Inc., and PistonHeads® is a registered trademark of CarGurus Ireland Limited in the U.K. and the European Union. All other product names, trademarks, and registered trademarks are property of their respective owners.

Media Contact:

Maggie Meluzio

Director, Public Relations & External Communications

pr@cargurus.com

Investor Contact:

Kirndeep Singh

Vice President, Head of Investor Relations

investors@cargurus.com