CarGurus Q2 revenue up 135% to $511.2M but posts GAAP net loss attributable to common of $10.3M

CarGurus, Inc.

2022-Q2 EPS reported -$0.61 revenue$941,837,000

Total revenue $511.2M (+135% YoY); Marketplace revenue $163.9M (+2%), Wholesale $75.9M (+42%), Product $271.4M (+7,087%).
GAAP net loss attributable to common stockholders ($10.3M) or ($0.09)/diluted share; Non-GAAP net income $38.0M ($0.32)/diluted share.
GAAP operating income $23.5M (-39% YoY); Consolidated Adjusted EBITDA $61.2M vs $71.2M in Q2 2021.
Cash from operations ($5.5M) and free cash flow ($9.9M) vs positive $37.5M and $32.9M a year ago; $368.2M cash, no debt.
Q3 2022 guidance: revenue $460M-$490M, Consolidated Adjusted EBITDA $44.5M-$52.5M, Non-GAAP EPS $0.25-$0.28.

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