CarGurus (CARG) Tops Q1 EPS by 3c, Offers Guidance
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CarGurus Announces First Quarter 2024 Results
May 9, 2024 4:01 PM EDT1Q24 Marketplace Revenue and QARSD growth accelerated further to 12% YoY and 14% YoY, respectively
1Q24 Consolidated Net Income of $21.3 million, up 80% YoY; 1Q24 Non-GAAP Adjusted EBITDA of $50.4 million, up 24% YoY
Repurchased $81.1 million worth of shares in 1Q24, representing 3.3% of our outstanding capital
CAMBRIDGE, Mass., May 09, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced financial results for the first quarter ended March 31, 2024.
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