CARG Q1 2023 Earnings — CarGurus, Inc. Revenue & Financial Results | Market Cap Arena

CARGCarGurus, Inc.

$3B

Q1 2023 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$232M-46.1% YoY

Gross Profit

$155M66.8% margin

Operating Income

$14M6.1% margin

Net Income

$16M7.0% margin

EPS (Diluted)

$0.10

QoQ Revenue Growth

-19.1%

Cash Flow

Operating Cash Flow

$66M

Free Cash Flow

$60M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$323M

Stockholders' Equity

$696M

Cash & Equivalents

$457M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$232M	$431M	-46.1%
Gross Profit	$155M	$182M	-14.8%
Operating Income	$14M	$27M	-47.3%
Net Income	$16M	-$62M	+126.0%

Revenue Segments

Marketplace

$167M72%

Product

$40M17%

Wholesale

$25M11%

Geographic Segments

UNITED STATES

$220M95%

Non-US

$12M5%