NASDAQ$CARG
Cargurus Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
CarGurus demonstrated flexibility and resilience amidst the COVID-19 pandemic, generating strong results with increased consumer demand and lead generation.
CarGurus reported a total revenue of $94.7 million, a decrease of 35% year-over-year. GAAP operating income was $8.7 million, and GAAP net income was $7.1 million, or $0.06 per fully diluted share. The company experienced recovery signs in the second quarter with increased consumer demand in May and June.
- Total revenue was $94.7 million, a 35% decrease year-over-year.
- GAAP operating income was $8.7 million; non-GAAP operating income was $24.7 million.
- GAAP net income was $7.1 million; non-GAAP net income was $21.3 million.
- Adjusted EBITDA was $27.5 million.
Headline financials
Revenue & EPS history
Cargurus · Revenue · Quarterly
$94.7M
Forward guidance
CarGurus anticipates total revenue, non-GAAP operating income, and non-GAAP earnings per share to be in the following ranges:
Tailwinds
- Third Quarter 2020: Total revenue $132 to $135 million
- Third Quarter 2020: Non-GAAP operating income $29 to $31 million
- Third Quarter 2020: Non-GAAP EPS $0.21 to $0.23
- Full-Year 2020: Total revenue $518 to $524 million
- Full-Year 2020: Non-GAAP operating income $89 to $93 million
Headwinds
- Full-Year 2020: Non-GAAP EPS $0.66 to $0.69
- Guidance does not include any potential impact of foreign currency exchange gains or losses.
- CarGurus has not reconciled its non-GAAP operating income guidance to GAAP operating income.
- CarGurus has not reconciled its non-GAAP EPS guidance to GAAP EPS.
- Reconciling items between such GAAP and non-GAAP financial measures cannot be reasonably predicted.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+2.3%
Avg return
Earnings day
+2.7%
Avg return
5 days after
+1.8%
Avg return
30 days after
64%
25 / 39 earnings
Positive
+49.8%
Q4 2021
Best reaction
-27.5%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -8.9% | -18.1% | -28.1% | |
| Q4 2025 | +3.2% | +3.6% | +15.1% | |
| Q3 2025 | +0.6% | +7.6% | +8.2% | |
| Q1 2025 | +11.2% | +20.4% | +14.4% | |
| Q4 2024 | -17.1% | -17.0% | -19.9% | |
| Q3 2024 | +5.8% | +14.0% | +16.6% | |
| Q2 2024 | +21.8% | +28.5% | +23.2% | |
| Q1 2024 | +9.3% | +10.6% | +18.2% | |
| Q4 2023 | -1.3% | -4.9% | -3.5% | |
| Q3 2023 | +3.6% | +3.2% | +15.4% | |
| Q2 2023 | -7.3% | -7.2% | -5.8% | |
| Q1 2023 | +15.8% | +17.3% | +26.8% | |
| Q4 2022 | +6.4% | +2.4% | +6.4% | |
| Q3 2022 | -10.8% | +3.3% | -6.2% | |
| Q2 2022 | -25.4% | -21.7% | -26.5% | |
| Q1 2022 | -27.5% | -20.1% | -19.7% | |
| Q4 2021 | +49.8% | +50.0% | +33.5% | |
| Q3 2021 | +5.9% | +7.3% | +2.6% | |
| Q2 2021 | +7.5% | +3.5% | +3.3% | |
| Q1 2021 | +11.4% | +17.0% | +7.7% | |
| Q4 2020 | -9.8% | -15.0% | -29.4% | |
| Q3 2020 | +6.5% | +4.5% | +16.2% | |
| Q2 2020 | -2.3% | -10.5% | -24.6% | |
| Q1 2020 | +2.9% | -7.8% | +9.4% | |
| Q4 2019 | -27.3% | -24.3% | -38.8% | |
| Q3 2019 | +5.1% | +10.1% | +12.0% | |
| Q2 2019 | -4.0% | -6.8% | -3.8% | |
| Q1 2019 | -2.0% | -2.8% | -12.5% | |
| Q4 2018 | -5.3% | -6.5% | -6.1% | |
| Q3 2018 | -1.0% | -3.2% | -16.4% | |
| Q2 2018 | +20.3% | +16.1% | +8.1% | |
| Q1 2017 | +1.0% | +2.5% | +5.4% | |
| Q1 2018 | +1.0% | +2.5% | +5.4% | |
| Q2 2017 | +11.4% | +11.7% | +19.2% | |
| Q4 2017 | +11.4% | +11.7% | +19.2% | |
| Q4 2015 | +11.4% | +11.7% | +19.2% | |
| Q4 2016 | +5.0% | +4.3% | +1.9% | |
| Q3 2016 | +5.0% | +4.3% | +1.9% | |
| Q3 2017 | +5.0% | +4.3% | +1.9% | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro