CARG Q3 2023 Earnings — CarGurus, Inc. Revenue & Financial Results | Market Cap Arena

CARGCarGurus, Inc.

$3B

Q3 2023 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$219M-48.5% YoY

Gross Profit

$164M74.9% margin

Operating Income

$23M10.5% margin

Net Income

$22M10.2% margin

EPS (Diluted)

$0.20

QoQ Revenue Growth

-8.5%

Cash Flow

Operating Cash Flow

$26M

Free Cash Flow

$17M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$305M

Stockholders' Equity

$717M

Cash & Equivalents

$355M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$219M	$426M	-48.5%
Gross Profit	$164M	$151M	+9.0%
Operating Income	$23M	$29M	-19.4%
Net Income	$22M	$107M	-79.1%

Revenue Segments

Marketplace

$178M81%

Wholesale

$22M10%

Product

$20M9%

Geographic Segments

UNITED STATES

$206M94%

Non-US

$14M6%