NASDAQ$CARG
Cargurus Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
CarGurus reported mixed results in Q4 2024, with marketplace revenue growing but overall revenue and wholesale revenue declining.
CarGurus reported Q4 2024 revenue of $228.5 million, up 2% year-over-year. Marketplace revenue increased by 15% YoY, while wholesale and product revenue declined significantly. Net income reached $45.9 million, and adjusted EBITDA improved 25% to $76.4 million. The company highlighted strong international growth and increased adoption of premium services but faces headwinds in the wholesale segment.
- Total Q4 2024 revenue grew 2% YoY to $228.5 million.
- Marketplace revenue increased 15% YoY to $210.2 million.
- Wholesale revenue declined 55% YoY to $9.9 million.
- Adjusted EBITDA grew 25% YoY to $76.4 million.
Headline financials
Revenue & EPS history
Cargurus · Revenue · Quarterly
$229M
Forward guidance
CarGurus expects Q1 2025 revenue to range between $216M and $236M, with non-GAAP EPS between $0.41 and $0.47. The company anticipates continued strength in marketplace revenue but remains cautious about wholesale segment performance.
Tailwinds
- Marketplace revenue expected to remain strong, with continued growth in premium tiers.
- International segment expected to see continued double-digit growth.
- OEM advertising demand remains robust, supporting revenue expansion.
- Ongoing product innovations improving dealer engagement and retention.
- Company well-positioned for further market penetration with data-driven insights.
Headwinds
- Wholesale revenue expected to continue declining due to market headwinds.
- Macroeconomic uncertainties may impact overall automotive market trends.
- Higher operating expenses expected due to investment in product development.
- Potential fluctuations in foreign exchange rates affecting international earnings.
- Competitive pressures in the digital automotive marketplace could impact pricing power.
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 2024
+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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