CarGurus Announces Second Quarter 2019 Results
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CarGurus (CARG) Tops Q2 EPS by 3c, Revenues Beat; Offers FY19 EPS Guidance Above Consensus, Affirms FY19 Revenue Outlook
August 6, 2019 4:43 PM EDTCarGurus (NASDAQ: CARG) reported Q2 EPS of $0.10, $0.03 better than the analyst estimate of $0.07. Revenue for the quarter came in at $145 million versus the consensus estimate of $140.64 million.
Second Quarter Highlights:
Total revenue of $145.0 million, an increase of 31% year-over-yearGAAP operating income of $3.5 million; non-GAAP operating income of $12.7 millionGAAP net income of $6.0 million; non-GAAP net income of $10.9 millionAdjusted EBITDA of $14.4 millionRevenue
Total revenue was $145.0 million, an increase of 31% compared to $110.3 million in the second quarter of 2018.Marketplace subscription revenue was $129.1 million, an increase of 32% compared to $97.7... More