Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CarGurus, Inc. reported the quarter ended September 30, 2023 results: revenue $219.4 million, net income $19.0 million, EPS $0.17 per fully diluted share. Guidance raised.
- Period
- the quarter ended September 30, 2023
- Revenue
- $219.4 million
- Net income
- $19.0 million
- EPS
- $0.17 per fully diluted share
- Guidance
- raised
- Result
- reported results
Exact text from the filing
continued financial growth and innovation in 2024 that will serve well our dealer partners and largest consumer audience." Third Quarter Financial Highlights • Total revenue of $219.4 million, a decrease of (49)% year-over-year. ▪ Marketplace revenue was $177.9 million, an increase of 8% year-over-year. ▪ Wholesale revenue was $21.7 million, a decrease of (54)%
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CarGurus, Inc. entered into Membership Interest Purchase Agreement with CarOffer, LLC, CarOffer Investors Holding, LLC, CarOffer MidCo, LLC, certain indirect members, and Bruce T. Thompson valued at $75.0 million in cash (effective 2023-11-06).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- CarOffer, LLC, CarOffer Investors Holding, LLC, CarOffer MidCo, LLC, certain indirect members, and Bruce T. Thompson
- Value
- $75.0 million in cash
- Effective
- 2023-11-06
Exact text from the filing
On November 6, 2023, CarGurus, Inc., a Delaware corporation (the “Company”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) by and among the Company, CarOffer, LLC, a Delaware limited liability company (“CarOffer”), CarOffer Investors Holding, LLC, a Delaware limited liability company, CarOffer MidCo, LLC, a Delaware limited liability company, each of the persons set forth on Schedule 1.1(a) to the Purchase Agreement (the “Indirect Members”), Bruce T. Thompson, an individual residing in Texas, as the sellers' representative, and the responsible party signatory thereto, pursuant to which the Company agreed to acquire the remaining interest in CarOffer that the Company does not presently own (the “Transaction”).
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