CarGurus Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
CARG$34.59+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Income Statements
(in thousands, except share and per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | ||
| Marketplace | $187,219 | $167,127 |
| Wholesale | 16,125 | 25,186 |
| Product | 12,452 | 39,650 |
| Total revenue | 215,796 | 231,963 |
| Cost of revenue (1) | ||
| Marketplace | 14,385 | 15,533 |
| Wholesale | 14,224 | 22,068 |
| Product | 12,226 | 39,382 |
| Total cost of revenue | 40,835 | 76,983 |
| Gross profit | 174,961 | 154,980 |
| Operating expenses: | ||
| Sales and marketing | 82,274 | 75,577 |
| Product, technology, and development | 35,545 | 36,607 |
| General and administrative | 28,066 | 24,919 |
| Depreciation and amortization | 2,792 | 3,818 |
| Total operating expenses | 148,677 | 140,921 |
| Income from operations | 26,284 | 14,059 |
| Other income, net: | ||
| Interest income | 3,906 | 3,743 |
| Other (expense) income, net | (505) | 595 |
| Total other income, net | 3,401 | 4,338 |
| Income before income taxes | 29,685 | 18,397 |
| Provision for income taxes | 8,384 | 6,531 |
| Consolidated net income | 21,301 | 11,866 |
| Net loss attributable to redeemable noncontrolling interest | — | (4,266) |
| Net income attributable to common stockholders | $21,301 | $16,132 |
| Net income per share attributable to common stockholders: (Note 10) | ||
| Basic | $0.20 | $0.14 |
| Diluted | $0.20 | $0.10 |
| Weighted-average number of shares of common stock used in computing net income per share attributable to common stockholders: | ||
| Basic | 107,174,812 | 115,358,475 |
| Diluted | 108,632,159 | 115,915,737 |
(1)
Includes depreciation and amortization expense for the three months ended March 31, 2024 and 2023 of$4,689 and$7,758, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.