CarGurus Q1 revenue $232M (-46% YoY); marketplace up 2%; GAAP EPS $0.10; Q2 rev guidance $220-240M

CarGurus, Inc.

2023-Q1 EPS reported $0.10 revenue$231,963,000

Total revenue $232.0M, down 46% YoY; Marketplace revenue $167.1M (+2%); Wholesale $25.2M (-72%); Product $39.7M (-78%).
GAAP net income attributable to common stockholders $16.1M ($0.10 diluted EPS) vs $(62.1M) loss; non-GAAP net income $30.3M ($0.26).
Consolidated Adjusted EBITDA $40.8M, down 38% YoY; cash from ops $66.3M; free cash flow $60.5M.
Q2 2023 guidance: total revenue $220-240M; product revenue $26-36M; Consolidated Adj. EBITDA $34-42M; non-GAAP EPS $0.22-0.25.
Digital Wholesale segment revenue $64.8M (-76%), operating loss $11.2M; U.S. Marketplace revenue $155.6M (+2%), operating income $26.5M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CarGurus, Inc. reported first quarter ended March 31, 2023 results: revenue $232.0 million, net income $16.1 million, EPS $0.10 per fully diluted share.

Period: first quarter ended March 31, 2023
Revenue: $232.0 million
Net income: $16.1 million
EPS: $0.10 per fully diluted share
Result: reported results

Exact text from the filing

by specific reference in such filing. --- EX-99 (EX-99.1) --- EX-99 Exhibit 99.1 CarGurus Announces First Quarter 2023 Results First Quarter Highlights: • Total revenue of $232.0 million • GAAP operating income of $14.1 million; non-GAAP operating income of $36.6 million • GAAP consolidated net income of $11.9 million; non-GAAP consolidated net income of $29.0

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

CarGurus, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-019627

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.