Cargurus Q3 2024 Earnings Report
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.
Cargurus
Cargurus
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.