CarGurus, Inc.
CarGurus, Inc. (CARG) Financial Performance & Income Statement Overview
View comprehensive annual and quarterly summaries for CarGurus, Inc. (CARG), featuring income statements, balance sheets, and cash flow data.
CarGurus, Inc. (CARG) Income Statement & Financial Overview
Review CarGurus, Inc. CARG income statement with detailed quarterly and annual figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $225.16M | $228.54M | $231.36M | $218.69M |
| Cost of Revenue | $25.45M | $29.55M | $48.81M | $38.48M |
| Gross Profit | $199.71M | $198.99M | $182.55M | $180.21M |
| Gross Profit Ratio | $0.89 | $0.87 | $0.79 | $0.82 |
| R&D Expenses | $36.25M | $35.95M | $36.36M | $36.58M |
| SG&A Expenses | $113.50M | $104.83M | $109.40M | $109.74M |
| Operating Expenses | $153.95M | $145.71M | $155.12M | $146.32M |
| Total Costs & Expenses | $179.40M | $165.30M | $203.92M | $184.80M |
| Interest Income | $3.10M | $3.13M | $2.72M | $2.44M |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Depreciation & Amortization | $6.55M | $7.04M | $5.18M | $5.66M |
| EBITDA | $52.31M | $60.32M | $39.64M | $39.55M |
| EBITDA Ratio | $0.23 | $0.26 | $0.17 | $0.18 |
| Operating Income | $45.76M | $53.28M | $27.43M | $33.89M |
| Operating Income Ratio | $0.20 | $0.23 | $0.12 | $0.15 |
| Other Income/Expenses (Net) | $2.80M | $2.06M | $2.62M | $3.16M |
| Income Before Tax | $48.55M | $55.34M | $30.06M | -$90.42M |
| Income Before Tax Ratio | $0.22 | $0.24 | $0.13 | -$0.41 |
| Income Tax Expense | $9.51M | $9.46M | $7.55M | -$21.70M |
| Net Income | $39.05M | $45.88M | $22.51M | -$68.72M |
| Net Income Ratio | $0.17 | $0.20 | $0.10 | -$0.31 |
| EPS | $0.38 | $0.44 | $0.22 | -$0.66 |
| Diluted EPS | $0.37 | $0.43 | $0.21 | -$0.66 |
| Weighted Avg Shares Outstanding | $103.09M | $103.84M | $103.32M | $103.83M |
| Weighted Avg Shares Outstanding (Diluted) | $105.07M | $106.12M | $105.06M | $103.83M |
The company's financials show resilient growth, with revenue advancing from $218.69M in Q2 2024 to $225.16M in Q1 2025. Gross profit remained healthy with margins at 89% in Q1 2025 compared to 82% in Q2 2024. Operating income hit $45.76M last quarter, sustaining a consistent 20% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $52.31M. Net income dropped to $39.05M, while earnings per share reached $0.38. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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