secwatch.observer — SEC 8-K summary
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Issuer:     CarGurus, Inc. (CARG)
CIK:        0001494259
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0000950170-22-008473
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CarGurus Q1 revenue $430.6M (+151% YoY); Q2 revenue guidance $480-510M
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- Total revenue $430.6M, up 151% YoY; marketplace +5%, wholesale +559%, product +9,896%.
- Non-GAAP operating income $62.2M, up 28% YoY; GAAP net loss ($62.1M) driven by redeemable noncontrolling interests.
- Q2 guidance: revenue $480-510M, non-GAAP op income $44-52M, non-GAAP EPS $0.26-0.29.
- Paying dealers 30,867 (-1%), U.S. QARSD $5,713 (+5%); U.S. monthly unique users 31.1M (-15%).
- Cash $375M, no debt; free cash flow $89.3M, up 114% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494259/000095017022008473/0000950170-22-008473-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494259/000095017022008473/carg-20220509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-008473

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer