CarGurus

Cargurus, Inc. engages in the provision of online auto shopping. The firm offers proprietary technology, search algorithms and data analytics to analyze new and used car listings. It operates through the following segments: United States and International. The United States segment derives revenues from marketplace subscriptions, advertising services and other revenues from customers within the United States. The International segment includes the revenues from marketplace subscriptions, advertising services and other revenues from customers outside of the United States. The company was founded by Langley Steinert on November 10, 2005 and is headquartered in Cambridge, MA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

CarGurus surpasses Q4 expectations amidst market challenges, eyes 2023 growth

CarGurus navigated challenges in the automotive market, exceeding forecasted guidance with record marketplace revenue and gross profit.
Management's optimism about core business strength, lead quality, and innovation in digital offerings positions the company for growth in 2023.
Operational efficiency, financial stability, and proactive management strategies are key strengths driving CarGurus' performance.
Addressing challenges in CarOffer optimization and market dynamics presents opportunities for sustainable growth and revenue optimization.

CarGurus exceeds revenue forecasts, focuses on digital growth strategies

CarGurus showcased strong financial performance in Q1 2023, with a focus on operational excellence and profitability. Despite challenges like low inventory levels, the company's strategic initiatives such as Digital Deal and brand ad campaigns position it well for growth and market expansion.

CarGurus exceeds Q2 earnings expectations, eyes pricing strategies for growth

CarGurus delivered strong financial performance in Q2 2023, showcasing operational efficiency and revenue growth in the Marketplace segment. While facing challenges in the Wholesale market and macroeconomic factors, the company is focused on seizing opportunities to drive future growth through pricing strategies and product enhancements.

CarGurus surpasses Q3 earnings expectations, eyes growth amid challenges

CarGurus delivered strong financial results, exceeding EBITDA guidance and showcasing operational efficiency
Introduction of new products and focus on premium packages position CarGurus for continued growth
Challenges like declining wholesale prices and market uncertainties require strategic adjustments
Opportunities in subscription models and consumer behavior changes present avenues for market expansion

CarGurus excels in Q4 2023 with strong financial growth and innovative products

CarGurus demonstrated robust financial performance in Q4 2023, marked by profitability, revenue growth, and enhanced product offerings through AI-driven tools and innovative products.
While facing challenges in scaling successes and balancing financial discipline with growth investments, the company remains well-positioned to capitalize on opportunities in subscription offerings, ad revenue, and dealer value-add services.
Overall, CarGurus' strategic focus on monetization, customer experience, and market expansion sets a positive trajectory for continued growth and success in the automotive marketplace.

CarGurus reports strong Q1 earnings and focuses on data-driven growth

CarGurus reported strong Q1 performance with revenue meeting expectations and EBITDA growing by 24% YoY. The company's focus on enhancing dealer and consumer experience through data insights and product capabilities is driving growth and innovation.
Despite challenges such as elevated marketing expenses and managing data volume growth, CarGurus is well-positioned to capitalize on opportunities in leveraging data insights, driving growth in international markets, and optimizing customer results.
With an optimistic Q2 revenue guidance, strategic initiatives in place for profitable growth, and a commitment to innovation and market leadership, CarGurus is poised for continued success in the automotive marketplace.

CarGurus reports robust Q2 earnings, eyes growth through enhanced tech

CarGurus demonstrated strong financial performance in Q2 2024, with revenue meeting expectations and non-GAAP consolidated adjusted EBITDA up by 23% year-over-year.
The company's focus on enhancing the consumer experience through AI initiatives and app improvements is driving increased engagement and retention.
Challenges lie in maintaining operational excellence, navigating market dynamics, and adapting to evolving consumer preferences.
CarGurus has opportunities to capitalize on the shift towards larger dealers, expand its transaction-enabled platform, and explore new markets for growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Cargurus, Inc. is an online automotive platform, which engages in buying and selling vehicles that is building upon its listings marketplace with digital retail solutions and the CarOffer digital wholesale platform. It operates through the following segments: U.S. Marketplace, Digital Wholesale, and Other. The U.S. Marketplace segment offers marketplace services from customers. The Digital Wholesale segment consists of dealer-to-dealer and IMCO services and products which are sold on the CarOffer platform. The company was founded by Langley Steinert on November 10, 2005 and is headquartered in Boston, MA.

CarGurus (CARG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why CarGurus (CARG) Could Beat Earnings Estimates Again

CarGurus (CARG) possesses solid growth attributes, which could help it handily outperform the market.

3 Reasons Growth Investors Will Love CarGurus (CARG)

The used car dealership has been left for dead and increasingly reminds me of Dropbox as an underrated deep value play growth stock. The online car marketplace is returning to growth and is simultaneously profitable, trading at just 20 times next year's earnings estimates.

CarGurus: Deep Value Stock With More Upside Potential

CAMBRIDGE, Mass., Oct. 18, 2021 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, announced it will issue a press release reporting financial results for the third quarter ended September 30, 2021, after the close of the market on November 9, 2021.

CarGurus to Report Third Quarter 2021 Financial Results

Rollout Gives Consumers Access to Highly Competitive Offers, While Opening Up Fresh Used Inventory to Dealers Rollout Gives Consumers Access to Highly Competitive Offers, While Opening Up Fresh Used Inventory to Dealers

CarGurus™ Instant Max Cash Offer Expands to Cover Nearly Half of the U.S. Population

“Do More From Home” Campaign Shows How CarGurus Instills Confidence in Vehicle Transactions “Do More From Home” Campaign Shows How CarGurus Instills Confidence in Vehicle Transactions

CarGurus' Latest Digital Retail Capabilities Spotlighted in New Brand Creative

Inspiring Sessions and a Diverse Agenda Headline Virtual Event for Dealers Inspiring Sessions and a Diverse Agenda Headline Virtual Event for Dealers

CarGurus Announces 3rd Annual Navigate Conference

Feature Gives Dealers Competitive Used Inventory Acquisition Channel; Consumers Drawn to Digital Process Feature Gives Dealers Competitive Used Inventory Acquisition Channel; Consumers Drawn to Digital Process

CarGurus™ Instant Max Cash Offer Rolls Out to Five More States

CarGurus operates an attractive platform connecting car buyers and dealerships, with a strong track record of revenue growth.

CarGurus Is An Attractive Platform Business Currently In Buy Territory

CarGurus delivered tremendous results in Q2, showing a near-full recovery post pandemic.

CarGurus: This Story Is Slowly Getting Back On Track

Should investors be excited or worried when a stock's 50 -day simple moving average crosses above the 200-day simple moving average?

CarGurus (CARG) Now Trades Above Golden Cross: Time to Buy?

CarGurus (CARG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

CarGurus (CARG): Strong Industry, Solid Earnings Estimate Revisions

On Thursday, CarGurus Inc. (NASDAQ:CARG) shares surged more than 4% after RBC Capital Markets analysts upgraded the stock from sector-perform (neutral) to outperform (buy). Analyst Brad Erickson cited CarGurus' exciting mix of catalysts for the upgrade.

Should you invest in CarGurus shares after an upgrade from RBC?

Marathon Petroleum

YUM! Brands

Coupang

Delek US Hlds

Doximity

Pentair

Restaurant Brands

Ventas

The indexes all traded lower approaching the midday point on Thursday, after posting yet another round of new all-time highs on Wednesday.

Thursday Afternoon Analyst Upgrades and Downgrades: CarGurus, Marathon Petroleum, Yum Brands and More

Program Identifies Best Used Vehicles Across Ten Body Style Categories; Mazda CX-5 Earns Editor's Choice as 2021's Best Overall Used Vehicle Program Identifies Best Used Vehicles Across Ten Body Style Categories; Mazda CX-5 Earns Editor's Choice as 2021's Best Overall Used Vehicle

CarGurus Announces 2021 Best Used Car Awards

CarGurus' (CARG) CEO Jason Trevisan on Q2 2021 Results - Earnings Call Transcript

CarGurus (CARG) delivered earnings and revenue surprises of 70.83% and 14.60%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

CarGurus (CARG) Tops Q2 Earnings and Revenue Estimates

Shares of CarGurus (NASDAQ:CARG) rose in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 115.79% over the past year to $0.41, which beat the estimate of $0.21.

Recap: CarGurus Q2 Earnings

CarGurus Announces Second Quarter 2021 Results

Car dealers need used vehicles. Car buyers want to sell, but they're not crazy about walking into a dealership.

CarGurus Launches Tool To Bring Dealers, Buyers Together

Dealerships Gain Digital Inventory Acquisition Channel to Tackle Industry Shortages Dealerships Gain Digital Inventory Acquisition Channel to Tackle Industry Shortages

Consumers Can Sell Vehicles 100% Online with CarGurus Instant Max Cash Offer

CarGurus' data shows the average used vehicle price exceeded $28,269 in June, up 38.6% from a year earlier, while the average new vehicle sold for just under $42,000 in June, or 11.2% than a year earlier.

CarGurus Launches New Service To Connect Used Car Owners And Dealers

CAMBRIDGE, Mass., July 19, 2021 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a leading global online automotive marketplace, announced it will issue a press release reporting financial results for the second quarter ended June 30, 2021, after the close of the market on August 5, 2021.

CarGurus to Report Second Quarter 2021 Financial Results

Creative work highlights transparent experience, allowing car shoppers to find great deals Creative work highlights transparent experience, allowing car shoppers to find great deals

CarGurus Launches New TV Campaign in Canada, Putting Car Buying Confidence in the Limelight

Comfort with self-driving technology grows, but hesitations around safety and cost remain Comfort with self-driving technology grows, but hesitations around safety and cost remain

News for CarGurus Stock (CARG)