Cargurus Q4 2020 Earnings Report
Key Takeaways
CarGurus reported Q4 2020 total revenue of $151.6 million, a decrease of 4% year-over-year. GAAP operating income was $33.5 million, and GAAP net income was $25.2 million, or $0.22 per fully diluted share. The company generated $47.9 million in cash from operations and $46.2 million in free cash flow during the quarter.
Total revenue decreased by 4% year-over-year to $151.6 million.
GAAP operating income was $33.5 million, compared to $13.6 million in Q4 2019.
GAAP net income was $25.2 million, or $0.22 per fully diluted share.
U.S. revenue was $143.7 million, a decrease of 3% compared to Q4 2019.
Cargurus
Cargurus
Cargurus Revenue by Geographic Location
Forward Guidance
CarGurus anticipates total revenue between $156.0 to $160.0 million, non-GAAP operating income between $33.5 to $36.5 million, and non-GAAP EPS between $0.21 to $0.23 for Q1 2021.
Positive Outlook
- Total revenue $156.0 to $160.0 million
- Non-GAAP operating income $33.5 to $36.5 million
- Non-GAAP EPS $0.21 to $0.23
Challenges Ahead
- Guidance excludes the effects of significant COVID-19 resurgences.
- Guidance excludes the reintroduction of lockdowns.
- Guidance excludes a slowed pace of recovery.
- Guidance excludes the impact of foreign currency exchange gains or losses.
- Assumptions are based off of recent market behaviors.
Revenue & Expenses
Visualization of income flow from segment revenue to net income