earnings
confidence high
sentiment positive
materiality 0.75
CarGurus Q3 revenue $222.9M, +51% YoY; Q4 guidance $273-285M
CarGurus, Inc.
2021-Q3 EPS reported
$0.66
revenue$612,031,000
- Revenue $222.9M (+51% YoY); GAAP EPS $0.24, non-GAAP $0.38; beat guidance.
- Wholesale & other revenue $78.3M (+347% YoY) driven by CarOffer; marketplace sub rev $144.6M (+11%).
- Adjusted EBITDA $62.5M; free cash flow $51.4M; cash $321.1M, no debt.
- Q4 guidance: total rev $273-285M, non-GAAP op income $44-50M, non-GAAP EPS $0.28-0.30.
- Full-year guidance raised: total rev $885-897M, non-GAAP EPS $1.41-1.43.