CarGurus Inc
NASDAQ:CARG
Income Statement
Earnings Waterfall
CarGurus Inc
Revenue
|
914.2m
USD
|
Cost of Revenue
|
-262.8m
USD
|
Gross Profit
|
651.5m
USD
|
Operating Expenses
|
-618.8m
USD
|
Operating Income
|
32.6m
USD
|
Other Expenses
|
-1.5m
USD
|
Net Income
|
31.1m
USD
|
Income Statement
CarGurus Inc
Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||
Revenue |
198
N/A
|
227
+14%
|
257
+14%
|
287
+12%
|
317
+10%
|
348
+10%
|
383
+10%
|
419
+9%
|
454
+8%
|
491
+8%
|
526
+7%
|
557
+6%
|
589
+6%
|
611
+4%
|
561
-8%
|
558
-1%
|
552
-1%
|
565
+2%
|
688
+22%
|
764
+11%
|
951
+25%
|
1 211
+27%
|
1 504
+24%
|
1 708
+14%
|
1 655
-3%
|
1 456
-12%
|
1 185
-19%
|
978
-17%
|
914
-7%
|
|
Gross Profit | ||||||||||||||||||||||||||||||
Cost of Revenue |
(10)
|
(11)
|
(13)
|
(15)
|
(18)
|
(20)
|
(22)
|
(23)
|
(25)
|
(27)
|
(30)
|
(33)
|
(36)
|
(40)
|
(42)
|
(42)
|
(43)
|
(55)
|
(96)
|
(146)
|
(294)
|
(519)
|
(792)
|
(1 007)
|
(998)
|
(826)
|
(578)
|
(357)
|
(263)
|
|
Gross Profit |
189
N/A
|
215
+14%
|
244
+13%
|
272
+11%
|
299
+10%
|
329
+10%
|
361
+10%
|
395
+10%
|
429
+9%
|
464
+8%
|
496
+7%
|
524
+6%
|
553
+5%
|
571
+3%
|
520
-9%
|
516
-1%
|
509
-1%
|
510
+0%
|
593
+16%
|
618
+4%
|
657
+6%
|
692
+5%
|
712
+3%
|
700
-2%
|
658
-6%
|
631
-4%
|
607
-4%
|
620
+2%
|
651
+5%
|
|
Operating Income | ||||||||||||||||||||||||||||||
Operating Expenses |
(180)
|
(201)
|
(224)
|
(252)
|
(284)
|
(313)
|
(348)
|
(379)
|
(406)
|
(440)
|
(472)
|
(497)
|
(518)
|
(532)
|
(476)
|
(438)
|
(411)
|
(398)
|
(451)
|
(480)
|
(509)
|
(543)
|
(578)
|
(577)
|
(549)
|
(535)
|
(517)
|
(536)
|
(619)
|
|
Selling, General & Administrative |
(167)
|
(186)
|
(207)
|
(232)
|
(259)
|
(283)
|
(310)
|
(334)
|
(355)
|
(382)
|
(408)
|
(427)
|
(444)
|
(451)
|
(389)
|
(349)
|
(319)
|
(298)
|
(338)
|
(353)
|
(388)
|
(420)
|
(457)
|
(458)
|
(410)
|
(390)
|
(366)
|
(379)
|
(457)
|
|
Research & Development |
(12)
|
(13)
|
(15)
|
(17)
|
(23)
|
(28)
|
(35)
|
(42)
|
(48)
|
(55)
|
(60)
|
(65)
|
(70)
|
(77)
|
(81)
|
(84)
|
(86)
|
(88)
|
(94)
|
(99)
|
(106)
|
(112)
|
(116)
|
(119)
|
(124)
|
(130)
|
(136)
|
(141)
|
(146)
|
|
Depreciation & Amortization |
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(12)
|
(20)
|
(28)
|
(14)
|
(22)
|
(17)
|
(12)
|
(16)
|
(15)
|
(15)
|
(16)
|
(16)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
11
|
12
|
12
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
9
N/A
|
15
+70%
|
20
+39%
|
20
-2%
|
15
-23%
|
15
+1%
|
13
-13%
|
16
+22%
|
23
+41%
|
24
+4%
|
24
-2%
|
28
+16%
|
34
+25%
|
39
+13%
|
44
+13%
|
78
+77%
|
98
+26%
|
112
+14%
|
141
+27%
|
138
-2%
|
148
+8%
|
149
+1%
|
134
-10%
|
123
-8%
|
109
-12%
|
96
-12%
|
90
-6%
|
85
-6%
|
33
-61%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
1
|
0
|
1
|
2
|
2
|
3
|
3
|
3
|
3
|
3
|
2
|
2
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
4
|
8
|
12
|
17
|
18
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
(1)
|
(0)
|
0
|
(1)
|
1
|
|
Pre-Tax Income |
9
N/A
|
15
+69%
|
21
+37%
|
20
-2%
|
16
-22%
|
16
+1%
|
15
-8%
|
18
+24%
|
26
+40%
|
28
+9%
|
28
-1%
|
32
+15%
|
39
+22%
|
42
+9%
|
47
+11%
|
80
+70%
|
99
+24%
|
112
+13%
|
142
+26%
|
138
-3%
|
149
+8%
|
150
+0%
|
135
-10%
|
123
-8%
|
111
-10%
|
103
-7%
|
102
-1%
|
101
-2%
|
52
-49%
|
|
Net Income | ||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(5)
|
(6)
|
(6)
|
(3)
|
(1)
|
29
|
37
|
40
|
44
|
17
|
10
|
3
|
(0)
|
(4)
|
(15)
|
(22)
|
(28)
|
(37)
|
(37)
|
(39)
|
(40)
|
(34)
|
(33)
|
(32)
|
(31)
|
(34)
|
(33)
|
(30)
|
|
Income from Continuing Operations |
7
|
10
|
14
|
15
|
13
|
15
|
44
|
55
|
65
|
72
|
45
|
42
|
42
|
42
|
43
|
66
|
78
|
85
|
105
|
102
|
110
|
110
|
100
|
90
|
79
|
72
|
68
|
68
|
22
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
4
|
3
|
(111)
|
(194)
|
(223)
|
(135)
|
115
|
200
|
231
|
146
|
15
|
|
Net Income (Common) |
(26)
N/A
|
(24)
+6%
|
(22)
+7%
|
(22)
+0%
|
7
N/A
|
11
+54%
|
42
+289%
|
55
+30%
|
65
+18%
|
72
+11%
|
45
-38%
|
42
-8%
|
42
+1%
|
42
+0%
|
43
+3%
|
66
+51%
|
78
+18%
|
87
+13%
|
108
+24%
|
105
-3%
|
(0)
N/A
|
(85)
-42 200%
|
(123)
-45%
|
(45)
+63%
|
194
N/A
|
272
+40%
|
299
+10%
|
214
-28%
|
31
-85%
|
|
EPS (Diluted) |
-0.24
N/A
|
-0.22
+8%
|
-0.2
+9%
|
-0.2
N/A
|
0.07
N/A
|
0.11
+57%
|
0.38
+245%
|
0.49
+29%
|
0.57
+16%
|
0.63
+11%
|
0.39
-38%
|
0.36
-8%
|
0.37
+3%
|
0.37
N/A
|
0.38
+3%
|
0.58
+53%
|
0.68
+17%
|
0.76
+12%
|
0.9
+18%
|
0.88
-2%
|
0
N/A
|
-0.71
N/A
|
-1.03
-45%
|
-0.34
+67%
|
1.51
N/A
|
2.34
+55%
|
2.6
+11%
|
1.87
-28%
|
0.27
-86%
|