CARG Q2 2023 Earnings — CarGurus, Inc. Revenue & Financial Results | Market Cap Arena

CARGCarGurus, Inc.

$3B

Q2 2023 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$240M-53.1% YoY

Gross Profit

$164M68.5% margin

Operating Income

$18M7.4% margin

Net Income

$16M6.8% margin

EPS (Diluted)

$0.14

QoQ Revenue Growth

+3.4%

Cash Flow

Operating Cash Flow

$29M

Free Cash Flow

$24M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$310M

Stockholders' Equity

$701M

Cash & Equivalents

$363M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$240M	$511M	-53.1%
Gross Profit	$164M	$188M	-12.6%
Operating Income	$18M	$24M	-24.7%
Net Income	$16M	-$10M	+258.8%

Revenue Segments

Marketplace

$171M71%

Product

$37M15%

Wholesale

$32M13%

Geographic Segments

UNITED STATES

$227M95%

Non-US

$13M5%