CarGurus (CARG) Misses Q3 EPS by 5c; Guides Lower

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Go back to CarGurus (CARG) Misses Q3 EPS by 5c; Guides Lower

CarGurus Announces Third Quarter 2022 Results

November 8, 2022 4:01 PM EST

Third Quarter Highlights:

Total revenue of $426.5 million, an increase of 91% year-over-yearGAAP operating income of $28.7 million; non-GAAP operating income of $29.4 millionGAAP consolidated net income of $18.8 million; non-GAAP consolidated net income of $20.8 millionGAAP net income attributable to common stockholders of $107.0 million; non-GAAP net income attributable to common stockholders of $27.3 millionCash and cash equivalents of $404.4 million and an available $400 million under its revolving credit facilityConsolidated Adjusted EBITDA of $32.9 million; Adjusted EBITDA of $38.8 million

CAMBRIDGE, Mass., Nov. 08, 2022 (GLOBE NEWSWIRE)... More