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Cargurus (DE:0C6)
:0C6
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.42Last Year’s EPS
0.31Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 4.95%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong growth in CarGurus' marketplace and international businesses, with significant achievements in OEM advertising and adjusted EBITDA growth. However, the challenges in the Digital Wholesale segment and declines in wholesale and product revenues marked notable areas of concern. The positive aspects, particularly the robust performance in key revenue segments and successful product innovations, outweigh the lowlights.Company Guidance
During the CarGurus earnings call, the company provided comprehensive guidance on various key metrics. For the fiscal year 2024, marketplace revenue increased by 14% year-over-year, with international revenue growing by 23% and operating profit improving meaningfully. The company's annual consolidated adjusted EBITDA rose by 26% to $51 million, with margins expanding over 600 basis points to nearly 28%. However, the Digital Wholesale segment recorded an $18 million adjusted EBITDA loss due to reduced transaction volumes. CarGurus plans to focus on enhancing dealer value, improving consumer experiences, enabling digital transactions, and rebuilding the Digital Wholesale platform in 2025. For the first quarter of 2025, consolidated revenue is expected to be in the range of $216 million to $236 million, with Marketplace revenue projected to grow between 12% and 14% year-over-year. Consolidated adjusted EBITDA is forecasted to range from $60 million to $68 million, while non-GAAP earnings per share are anticipated to be between $0.41 and $0.47.Strong Marketplace Revenue Growth
CarGurus' full-year marketplace revenue increased by 14% year-over-year, with progressive revenue growth throughout the year.
International Business Expansion
The international business saw a significant acceleration with annual revenue up 23% year-over-year and meaningful operating profit expansion.
OEM Advertising Business Rebound
The OEM advertising business returned to double-digit year-over-year expansion after several years of contraction, renewing all existing customers and attracting new ones.
Record Adjusted EBITDA Growth
Annual consolidated adjusted EBITDA grew 26% year-over-year, reaching $51 million, with margins expanding over 600 basis points year-over-year to nearly 28%.
Increased Dealer Engagement
Dealer Data Insights and other product innovations resulted in higher dealer engagement and retention, with long-term contracts accounting for over 40% of the new contract base in Q4.
Innovative Consumer Experience Enhancements
Personalization efforts led to a 10% increase in lead conversion, and the integration of AI-driven personalized car comparison pages doubled user engagement.
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DE:0C6 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:0C6 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | €36.40 | €32.00 | -12.09% |
| Nov 07, 2024 | €30.60 | €34.20 | +11.76% |
| Aug 08, 2024 | €20.00 | €22.40 | +12.00% |
| May 09, 2024 | €20.40 | €20.80 | +1.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cargurus (DE:0C6) report earnings?
Cargurus (DE:0C6) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Cargurus (DE:0C6) earnings time?
Cargurus (DE:0C6) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Cargurus stock?
The P/E ratio of CarGurus is N/A.
What is DE:0C6 EPS forecast?
DE:0C6 EPS forecast for the fiscal quarter 2025 (Q1) is 0.42.
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