secwatch.observer — SEC 8-K summary
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Issuer:     CarGurus, Inc. (CARG)
CIK:        0001494259
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0000950170-23-019627
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494259/000095017023019627/0000950170-23-019627-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494259/000095017023019627/carg-20230509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-019627

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