NASDAQ$CARG
Cargurus Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
CarGurus' financial performance exceeded expectations, driven by strategic evolution and innovative solutions.
CarGurus reported a strong Q3 2021, exceeding guidance with a 51% year-over-year increase in total revenue, driven by its evolution into an end-to-end transaction-enabled marketplace, partnerships with dealers, and the provision of a self-selective digital retail journey for consumers.
- Total revenue increased by 51% year-over-year, reaching $222.9 million.
- GAAP operating income was $40.1 million, while non-GAAP operating income reached $63.1 million.
- GAAP consolidated net income was $29.3 million, with non-GAAP consolidated net income at $49.5 million.
- Cash, cash equivalents, and short-term investments totaled $321.1 million.
Headline financials
Revenue & EPS history
Cargurus · Revenue · Quarterly
$223M
Forward guidance
CarGurus anticipates strong financial performance for Q4 2021 and the full year, with revenue, non-GAAP operating income, and non-GAAP EPS expected to be in specific ranges.
Tailwinds
- Total revenue is projected to be between $273 million and $285 million for Q4 2021.
- Non-GAAP operating income is expected to range from $44 million to $50 million for Q4 2021.
- Non-GAAP EPS is forecasted to be between $0.28 and $0.30 for Q4 2021.
- Total revenue for the full year 2021 is anticipated to be between $885 million and $897 million.
- Non-GAAP operating income for the full year 2021 is expected to range from $224.4 million to $230.4 million.
Headwinds
- Guidance excludes the effects of significant COVID-19 resurgences.
- Guidance excludes the reintroduction of lockdowns and/or a slowed pace of recovery.
- Guidance excludes other macro-level industry issues that result in dealers and consumers materially changing their recent market behaviors.
- Guidance excludes measures to assist dealers, such as offering fee reductions or waivers.
- Guidance excludes adjustments to the carrying value of redeemable noncontrolling interests.
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 Q3 2021
+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