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25.5B 6.1% |
Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 219M | 1.6% |
Gross Profit | 182M | 4.3% |
Cost of Revenue | 148M | 3.7% |
Operating expense | 276M | 85.7% |
Net Income | -69M | 422.6% |
EBITDA | -88M | 370.1% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 753M | 13.5% |
Total Liabilities | 301M | 0.4% |
Total Equity | 452M | 20.5% |
Shares Outstanding | 104M | 3.1% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 72M | 37.8% |
Cash from investing | -31M | 137.5% |
Cash from financing | -71M | 14.6% |
EPS
Financial Highlights for CarGurus in Q2 '24
CarGurus reported a revenue of 219M, which is a 1.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 182M, marking a 4.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 148M, a -3.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 276M, showing a 85.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -69M, showing a -422.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -88M, showing a -370.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
CarGurus faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.