secwatch.observer — SEC 8-K summary
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Issuer:     CarGurus, Inc. (CARG)
CIK:        0001494259
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0000950170-22-015502
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494259/000095017022015502/0000950170-22-015502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494259/000095017022015502/carg-20220808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-015502

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