CarGurus Q4 marketplace revenue up 10% YoY; net loss $22.6M; CPO Eldridge to step down

CarGurus, Inc.

2023-FY EPS reported $0.19 revenue$914,242,000

Q4 marketplace revenue $182.3M (+10% YoY), fastest growth in 10 quarters.
Q4 GAAP net loss of $22.6M vs prior year net income; non-GAAP adj. EBITDA $61.2M (+120% YoY).
Repurchased $99.9M of shares in Q4, total $204.1M in FY 2023.
CPO Andrea Eldridge to depart effective April 5, 2024; severance of $258,750 and equity acceleration.
Completed CarOffer acquisition in Dec 2023, expanding digital wholesale addressable market.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Andrea Eldridge

Chief People Officer

CARG · CarGurus, Inc.

Effective: 2024-04-05
Filed: February 26, 2024, 6:59 PM ET

On January 12, 2024, the Company announced that, effective as of April 5, 2024 (the “Separation Date”), Andrea Eldridge will step down as the Chief People Officer.

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 financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 26, 2024, CarGurus, Inc. (the "Company") announced its financial results for the quarter and year ended December 31, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrea Eldridge departed as Chief People Officer at CarGurus, Inc..

Action: stepped down
Role: Chief People Officer

Exact text from the filing

On January 12, 2024, the Company announced that, effective as of April 5, 2024 (the “Separation Date”), Andrea Eldridge will step down as the Chief People Officer.

View on SEC.gov

1053 earnings releases filed in the last 30 days. Browse all earnings releases →

CarGurus, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-020133

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