Highest-materiality recent filing
CarGurus Q1 revenue $243.6M (+15% YoY); Adj EBITDA $80.2M above guidance high end
GAAP net income from continuing ops $32.2M, down 23% YoY; includes $19.7M impairment charges.
CarGurus Q4 rev $241M (+15%), FY net inc $196.7M (+53%), authorizes $250M buyback
Q4 2025 revenue $241.1M (+15% YoY); GAAP net income $53.7M (+12% YoY).
CarGurus Q3 Marketplace revenue up 14% YoY to $231.7M; net income $44.7M
Marketplace revenue $231.7M (+14% YoY); total revenue $238.7M (+3% YoY).
CarGurus Q2 Marketplace rev up 14%, net income $22.3M; wind down CarOffer with $14-19M costs
Q2 total revenue $234M, up 7% YoY; Marketplace revenue $222M, up 14% YoY.
CarGurus Q1 net income up 83% to $39M; Marketplace revenue +13% YoY
Total revenue $225.2M (+4% YoY); Marketplace revenue $212.2M (+13%).
CFO Elisa Palazzo will depart effective March 7, 2025; no successor named.
CarGurus Q4 2024: Marketplace revenue up 15% to $210.2M, adjusted EBITDA up 25% to $76.4M
Q4 Marketplace revenue $210.2M (+15% YoY); International revenue +26% YoY; OEM advertising double-digit growth.
CarGurus Q3 Marketplace revenue up 15% YoY; adj. EBITDA $64.9M, net income $22.5M
Marketplace revenue $204.0M (+15% YoY); total revenue $231.4M (+5%).
CarGurus Q2: Marketplace rev +14% YoY; GAAP net loss $68.7M on $127.7M impairment, adj EBITDA $55.6M
Total revenue $218.7M (-9% YoY); Marketplace $195.2M (+14%); Wholesale $13.1M (-59%); Product $10.4M (-72%).
CarGurus Q1 net income up 80% to $21.3M; marketplace revenue up 12% YoY to $187.2M
Marketplace revenue $187.2M (+12% YoY); QARSD growth 14% YoY; paying dealers increased.
CarGurus Q4 marketplace revenue up 10% YoY; net loss $22.6M; CPO Eldridge to step down
Q4 marketplace revenue $182.3M (+10% YoY), fastest growth in 10 quarters.
CarGurus completes $75M acquisition of remaining CarOffer stake; appoints new CEO
Acquired remaining minority interest in CarOffer for $75M cash; CarOffer now wholly owned.
CarGurus Q3 beats Adj EBITDA guidance at $48.6M; to acquire remaining CarOffer for $75M
Q3 total revenue $219.4M (-49% YoY); Marketplace revenue $177.9M (+8% YoY).
Elisa Palazzo named CFO; brings ~20 years experience from Talkspace, Hudson Executive Capital, and earlier roles.
CarGurus Q2 GAAP net income $16.4M; rev down 53% YoY; Q3 guidance issued
Consolidated revenue $239.7M (-53% YoY); Marketplace revenue $171M (+4%), Wholesale $32M (-58%).
CarGurus delays Q2 2023 earnings release due to incomplete closing procedures
Earnings release and conference call for Q2 2023 postponed from August 3, 2023.
CarGurus Q1 revenue $232M (-46% YoY); marketplace up 2%; GAAP EPS $0.10; Q2 rev guidance $220-240M
Total revenue $232.0M, down 46% YoY; Marketplace revenue $167.1M (+2%); Wholesale $25.2M (-72%); Product $39.7M (-78%).
CarGurus Q4 revenue falls 16% to $286.7M; Q1 2023 guidance well below Q4 run rate
Q4 total revenue $286.7M, down 16% YoY; Digital Wholesale segment revenue fell 33% to $120.5M.
CarGurus authorizes $250M share repurchase program through Dec 31, 2023
Board authorized repurchase of up to $250M of Class A common stock.
CarGurus Q3 revenue up 91% to $426.5M but misses guidance; Q4 outlook sharply lower
Total revenue $426.5M (+91% YoY), product revenue $214.1M (+1,105%), but missed low end of guidance.
CarGurus Q2 revenue up 135% to $511.2M but posts GAAP net loss attributable to common of $10.3M
Total revenue $511.2M (+135% YoY); Marketplace revenue $163.9M (+2%), Wholesale $75.9M (+42%), Product $271.4M (+7,087%).
CarGurus Q1 revenue $430.6M (+151% YoY); Q2 revenue guidance $480-510M
Total revenue $430.6M, up 151% YoY; marketplace +5%, wholesale +559%, product +9,896%.
CarGurus Q4 revenue rises 124% YoY to $339M; guides Q1 revenue $390-410M
Total revenue $339.3M (+124% YoY); Marketplace $160.8M, Wholesale $82.6M, Product $96.0M.
CarGurus Q3 revenue $222.9M, +51% YoY; Q4 guidance $273-285M
Revenue $222.9M (+51% YoY); GAAP EPS $0.24, non-GAAP $0.38; beat guidance.
CarGurus Q2 revenue $217.7M (+130% YoY); non-GAAP EPS $0.41 vs $0.19 YoY
Total revenue $217.7M, up 130% YoY; marketplace subscription revenue $144.2M (+80%).
Effective March 7, 2025, Elisa Palazzo will step down as the Chief Financial Officer of CarGurus, Inc. (the “Company”).
On February 21, 2025, the Company designated Jason Trevisan, the Company’s Chief Executive Officer, to serve as its principal financial officer and principal accounting officer effective upon Ms. Palazzo’s departure on March 7, 2025, and until such time that the Company appoints a successor Chief Financial Officer.
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.
Effective April 5, 2024, Andrea Eldridge will step down as the Chief People Officer of CarGurus, Inc.
On October 30, 2023, CarGurus, Inc. (the “Company”) announced the appointment of Elisa Palazzo as the Company’s Chief Financial Officer in addition to its Principal Financial Officer and Principal Accounting Officer effective as of December 4, 2023
Jason Trevisan, the Company’s Chief Executive Officer, will step down as the Company’s Principal Financial Officer and Principal Accounting Officer effective as of the Start Date.
On July 14, 2023, the Board of Directors (the “Board”) of CarGurus, Inc. (the “Company”) increased the size of the Board from six to seven directors and filled the newly created vacancy on the Board by appointing Manik Gupta to the Board as a Class III director, effective immediately.
On April 21, 2023, Ian Smith (“Mr. Smith”), a member of the Board of Directors (the “Board”) of CarGurus, Inc. (the “Company”), notified the Board that he will not stand for re-election at the Company’s 2023 Annual Meeting of Stockholders, which is expected to be held on June 6, 2023.
On January 11, 2023, Yvonne Hao ("Ms. Hao"), a member of the Board of Directors (the "Board") of CarGurus, Inc. (the "Company"), notified the Board of her decision to resign from her position on the Board, effective immediately.
Ms. Sarnoff will succeed Sarah Welch, the Company’s current Chief Marketing Officer, who stepped down from such role on November 15, 2021.
On November 16, 2021, CarGurus, Inc. (the “Company”) announced the hiring of Dafna Sarnoff as the Company’s Chief Marketing Officer, effective as of Ms. Sarnoff’s commencement of employment with the Company on December 8, 2021.
Max materiality 0.85 · Median 0.70 · Most common event earnings