NASDAQ$CARG
Cargurus Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Announced fourth quarter and full-year 2021 results, showing significant revenue growth and strategic business evolution.
CarGurus reported a 124% increase in total revenue for Q4 2021, reaching $339.3 million, driven by growth in Marketplace, Wholesale, and Product revenues. GAAP operating income increased by 31% to $43.9 million, and GAAP net income was $34.2 million. The company's transformation into a transaction-enabled marketplace contributed to exceeding forecasted guidance for the quarter and full year.
- Total revenue increased by 124% year-over-year to $339.3 million.
- GAAP operating income was $43.9 million, a 31% increase year-over-year.
- GAAP consolidated net income reached $34.2 million.
- U.S. revenue increased by 128% year-over-year to $327.9 million.
Headline financials
Revenue & EPS history
Cargurus · Revenue · Quarterly
$339M
Forward guidance
CarGurus anticipates revenue between $390 million and $410 million, non-GAAP operating income between $59 million and $65 million, and non-GAAP EPS between $0.31 and $0.33 for Q1 2022.
Tailwinds
- Total revenue is expected to be between $390 million and $410 million.
- Non-GAAP operating income is projected to be between $59 million and $65 million.
- Non-GAAP EPS is anticipated to be between $0.31 and $0.33.
- Guidance assumes 118.5 million diluted weighted-average common shares outstanding.
- Assumptions are based on recent market behaviors and industry conditions.
Headwinds
- Guidance excludes 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 as during the COVID-19 pandemic.
- Guidance excludes adjustments to the carrying value of redeemable noncontrolling interests and any potential impact of foreign currency exchange gains or losses.
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 Q4 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 | — | — | — |
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