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Sep 30, 2024
Cargurus Q3 2024 Earnings Report
Marketplace revenue growth accelerated, and operating efficiencies were leveraged.
Key Takeaways
CarGurus announced strong Q3 2024 results with Marketplace revenue growth accelerating to 15% YoY and GAAP Net Income up 19% YoY. The company's Board of Directors authorized a $200.0 million share repurchase program for fiscal year 2025.
Marketplace revenue further accelerated to 15% YoY.
Consolidated GAAP Net Income of $22.5 million, up 19% YoY.
Non-GAAP Consolidated Adjusted EBITDA of $64.9 million, up 33% YoY.
Board of Directors authorized $200.0 million share repurchase program for fiscal year 2025.
Revenue by Segment
Forward Guidance
CarGurus provided guidance for Q4 2024, projecting total revenue between $219 million and $239 million, Marketplace revenue between $208 million and $213 million, Non-GAAP Consolidated Adjusted EBITDA between $72 million and $80 million, and Non-GAAP EPS between $0.50 and $0.55.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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