CarGurus Inc

For the period ended Mar 31, 2025. Filed May 8, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 8, 2025

CARG$34.59+0.1%Stored close · as of Nov 10, 2026

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Contents

Unaudited Condensed Consolidated Income Statements

(in thousands, except share and per share data)

	Three Months Ended March 31,
	2025	2024
Revenue
Marketplace	$212,235	$187,219
Wholesale	7,747	16,125
Product	5,176	12,452
Total revenue	225,158	215,796
Cost of revenue (1)
Marketplace	14,248	14,385
Wholesale	6,170	14,224
Product	5,033	12,226
Total cost of revenue	25,451	40,835
Gross profit	199,707	174,961
Operating expenses
Sales and marketing	86,716	82,274
Product, technology, and development	36,250	35,545
General and administrative	26,780	28,066
Depreciation and amortization	4,206	2,792
Total operating expenses	153,952	148,677
Income from operations	45,755	26,284
Other income, net
Interest income	3,098	3,906
Other expense, net	(302)	(505)
Total other income, net	2,796	3,401
Income before income taxes	48,551	29,685
Provision for income taxes	9,506	8,384
Net income	39,045	21,301
Net income per share attributable to common stockholders: (Note 10)
Basic	$0.38	$0.20
Diluted	$0.37	$0.20
Weighted-average number of shares of common stock used in computing net income per share attributable to common stockholders:
Basic	103,094,690	107,174,812
Diluted	105,068,046	108,632,159

(1)

Includes depreciation and amortization expense for thethree months ended March 31, 2025 and 2024 of$2,348 and$4,689, respectively.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.