CARGCarGurus, Inc.

$3B

Q4 2023 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$223M-22.2% YoY

Gross Profit

$168M75.3% margin

Operating Income

-$22M-10.0% margin

Net Income

-$18M-8.0% margin

EPS (Diluted)

$-0.21

QoQ Revenue Growth

+1.7%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

-$18M

Stock-Based Comp.

$20M

Balance Sheet

Total Assets

$919M

Total Liabilities

$302M

Stockholders' Equity

$617M

Cash & Equivalents

$291M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$223M	$287M	-22.2%
Gross Profit	$168M	$137M	+22.6%
Operating Income	-$22M	$30M	-175.2%
Net Income	-$18M	$50M	-135.9%

Revenue Segments

Marketplace

$182M82%

Wholesale

$22M10%

Product

$19M8%

Geographic Segments

UNITED STATES

$210M94%

Non-US

$13M6%

CARG Q4 2023 Earnings — CarGurus, Inc. Revenue & Financial Results | Market Cap Arena