CARG Q2 2024 Earnings — CarGurus, Inc. Revenue & Financial Results | Market Cap Arena

CARGCarGurus, Inc.

$3B

Q2 2024 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$219M-8.8% YoY

Gross Profit

$182M83.4% margin

Operating Income

-$94M-42.8% margin

Net Income

-$69M-31.4% margin

EPS (Diluted)

$-0.66

QoQ Revenue Growth

+1.3%

Cash Flow

Operating Cash Flow

$72M

Free Cash Flow

$40M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$753M

Total Liabilities

$301M

Stockholders' Equity

$452M

Cash & Equivalents

$216M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$219M	$240M	-8.8%
Gross Profit	$182M	$164M	+11.2%
Operating Income	-$94M	$18M	-627.6%
Net Income	-$69M	$16M	-518.7%

Revenue Segments

Marketplace

$195M89%

Wholesale

$13M6%

Product

$10M5%

Geographic Segments

UNITED STATES

$204M93%

Non-US

$15M7%