CARG Q1 2024 Earnings — CarGurus, Inc. Revenue & Financial Results | Market Cap Arena

CARGCarGurus, Inc.

$3B

Q1 2024 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$216M-7.0% YoY

Gross Profit

$172M79.8% margin

Operating Income

$26M12.2% margin

Net Income

$21M9.9% margin

EPS (Diluted)

$0.20

QoQ Revenue Growth

-3.3%

Cash Flow

Operating Cash Flow

$52M

Free Cash Flow

$18M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$871M

Total Liabilities

$302M

Stockholders' Equity

$568M

Cash & Equivalents

$246M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$216M	$232M	-7.0%
Gross Profit	$172M	$155M	+11.1%
Operating Income	$26M	$14M	+87.0%
Net Income	$21M	$16M	+32.0%

Revenue Segments

Marketplace

$187M87%

Wholesale

$16M7%

Product

$12M6%

Geographic Segments

UNITED STATES

$202M93%

Non-US

$14M7%