Cargurus Q4 2019 Earnings Report
Key Takeaways
CarGurus announced its Q4 2019 financial results, reporting a total revenue of $158.2 million, a 25% increase year-over-year. GAAP operating income was $13.6 million, while non-GAAP operating income reached $23.1 million. GAAP net income was $13.2 million, and adjusted EBITDA was $25.1 million.
Total revenue increased by 25% year-over-year to $158.2 million.
U.S. marketplace experienced continued traffic and lead growth.
Product attach rate reached 30% with over 1,000 U.S. dealers subscribing to at least three products.
International business scaled efficiently with strong audience and leads growth.
Cargurus
Cargurus
Cargurus Revenue by Geographic Location
Forward Guidance
CarGurus anticipates total revenue, non-GAAP operating income, and non-GAAP earnings per share to be in the following ranges:
Positive Outlook
- Total revenue $156.5 to $159.5 million
- Non-GAAP operating income $10 to $12 million
- Non-GAAP EPS $0.07 to $0.08
- Total revenue $156.5 to $159.5 million
- Non-GAAP operating income $10 to $12 million
Challenges Ahead
- Non-GAAP EPS $0.07 to $0.08
- The first quarter 2020 non-GAAP earnings per share calculation assumes 115.0 million diluted weighted-average common shares outstanding.
- Total revenue $664 to $676 million
- Non-GAAP operating income $78 to $86 million
- Non-GAAP EPS $0.50 to $0.55
Revenue & Expenses
Visualization of income flow from segment revenue to net income