CarGurus Q3 revenue rises 5% to $231.4 million; authorizes $200 million buyback
CarGurus reported third-quarter 2024 total revenue of $231.4 million, up 5% from a year earlier, and GAAP net income of $22.5 million, up 19%. Nine-month results were weaker, with total revenue down 4% and a net loss of $24.9 million driven by $144.4 million of impairment-related charges. The board also authorized a $200.0 million share repurchase program for fiscal year 2025.
Key points
- Q3 2024 Marketplace revenue was $204.0 million, up 15%, while total revenue rose 5% to $231.4 million.
- Q3 GAAP net income was $22.5 million, up 19%; nine-month GAAP net loss was $24.9 million, including $144.4 million of impairment-related charges.
- Q4 2024 guidance: total revenue of $219 million to $239 million and non-GAAP EPS of $0.50 to $0.55; full-year 2024 total revenue of $885 million to $905 million.
- Board authorized a $200.0 million share repurchase program for fiscal year 2025.
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 07, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.