CarGurus Q2 2024 Earnings Report

CarGurus EPS Results

• Actual EPS: $0.30
• Consensus EPS: $0.23
• Beat/Miss: Beat by +$0.07
• One Year Ago EPS: N/A

CarGurus Revenue Results

• Actual Revenue: $218.69 million
• Expected Revenue: $214.85 million
• Beat/Miss: Beat by +$3.84 million
• YoY Revenue Growth: N/A

CarGurus Announcement Details

• Quarter: Q2 2024
• Date: 8/8/2024
• Time: N/A

CarGurus (NASDAQ:CARG) operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers. It also offers dealer and non-dealer advertising products for its websites and social media platforms. The company operates online marketplaces under the CarGurus brand in the United States, Canada, and the United Kingdom; Autolist and CarOffer brands in the United States; and PistonHeads brand in the United Kingdom. The company was formerly known as CarGurus LLC and changed its name to CarGurus, Inc. in June 2015. CarGurus, Inc. was founded in 2005 and is headquartered in Cambridge, Massachusetts.