CarGurus Q4 2024: Marketplace revenue up 15% to $210.2M, adjusted EBITDA up 25% to $76.4M

CarGurus, Inc.

2024-FY EPS reported $0.20 revenue$894,384,000

Q4 Marketplace revenue $210.2M (+15% YoY); International revenue +26% YoY; OEM advertising double-digit growth.
Q4 GAAP net income $45.9M; Non-GAAP adjusted EBITDA $76.4M (+25% YoY); adjusted EBITDA margin 33%.
Full year 2024 Marketplace revenue $796.6M (+14% YoY); total revenue $894.4M (-2% YoY).
Full year GAAP net income $21.0M (includes $144.4M impairment); adjusted EBITDA $247.2M (+26% YoY).
Cash and short-term investments $304.2M; margin expansion from premium tier migration and dealer ROI.

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