CarGurus (CARG) Revenue & Revenue Breakdown


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CarGurus Revenue Highlights


Latest Revenue (Y)

$914.24M

Latest Revenue (Q)

$231.36M

Main Segment (Y)

Marketplace

Main Geography (Y)

UNITED STATES

CarGurus Revenue by Period


CarGurus Revenue by Year

DateRevenueChange
2023-12-31$914.24M-44.76%
2022-12-31$1.66B73.96%
2021-12-31$951.37M72.52%
2020-12-31$551.45M-6.36%
2019-12-31$588.92M29.69%
2018-12-31$454.09M43.31%
2017-12-31$316.86M59.92%
2016-12-31$198.14M100.98%
2015-12-31$98.59M-

CarGurus generated $914.24M in revenue during NA 2023, up -44.76% compared to the previous quarter, and up 201.34% compared to the same period a year ago.

CarGurus Revenue by Quarter

DateRevenueChange
2024-09-30$231.36M5.79%
2024-06-30$218.69M1.34%
2024-03-31$215.80M-3.28%
2023-12-31$223.12M1.69%
2023-09-30$219.42M-8.48%
2023-06-30$239.74M3.35%
2023-03-31$231.96M-19.10%
2022-12-31$286.74M-32.76%
2022-09-30$426.45M-16.58%
2022-06-30$511.23M18.72%
2022-03-31$430.61M26.89%
2021-12-31$339.34M52.23%
2021-09-30$222.91M2.37%
2021-06-30$217.75M27.06%
2021-03-31$171.37M13.07%
2020-12-31$151.55M2.77%
2020-09-30$147.47M55.66%
2020-06-30$94.74M-39.92%
2020-03-31$157.69M-0.29%
2019-12-31$158.15M5.11%
2019-09-30$150.46M3.74%
2019-06-30$145.03M7.22%
2019-03-31$135.27M7.28%
2018-12-31$126.09M5.92%
2018-09-30$119.04M7.90%
2018-06-30$110.33M11.78%
2018-03-31$98.70M8.95%
2017-12-31$90.60M9.17%
2017-09-30$82.99M8.85%
2017-06-30$76.24M13.73%
2017-03-31$67.03M10.32%
2016-12-31$60.76M14.36%
2016-09-30$53.14M-

CarGurus generated $231.36M in revenue during Q3 2024, up 5.79% compared to the previous quarter, and up 96.50% compared to the same period a year ago.

CarGurus Revenue Breakdown


CarGurus Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Marketplace$698.24M$658.77M$636.94M--
Product$115.10M$758.63M$119.30M--
Wholesale$100.91M$237.63M$195.13M--
Marketplace Subscription Revenue---$50.00M$526.04M
Advertising And Other Revenue----$62.87M

CarGurus's latest annual revenue breakdown by segment (product or service), as of Dec 23: Marketplace (76.37%), Product (12.59%), and Wholesale (11.04%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Jun 18Mar 18
Product$15.23M$12.45M$18.84M$19.77M$36.84M$39.65M$96.84M$214.10M$271.37M$176.32M--------
Wholesale$12.11M$16.13M$22.04M$21.73M$31.95M$25.19M$23.66M$47.05M$75.94M$90.99M--------
Marketplace$204.02M$187.22M$182.25M$177.91M$170.95M$167.13M$166.25M$165.31M$163.93M$163.29M--------
Marketplace Subscription Revenue----------$141.87M$140.56M$135.54M$129.10M$120.84M---
Advertising And Other Revenue----------$15.82M$17.59M$14.92M$15.94M$14.43M---
International Segment---------------$4.43M$3.93M$3.53M
United States Segment---------------$114.61M$106.40M$95.17M

CarGurus's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Marketplace (88.18%), Product (6.58%), and Wholesale (5.23%).

CarGurus Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20
Non-US$50.95M$44.63M$42.34M-
UNITED STATES$863.29M$1.61B$909.03M$519.84M
Non Us---$31.62M

CarGurus's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (94.43%), and Non-US (5.57%).

Quarterly Revenue by Country

CountrySep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
UNITED STATES$214.59M$201.56M$209.77M$205.83M$227.23M$220.46M$275.59M$415.55M$500.06M$419.21M$327.88M$77.29M$206.58M$163.01M$143.67M$138.41M$89.75M
Non-US$16.77M$14.23M$13.35M$13.59M$12.51M$11.51M$11.15M$10.91M$11.17M$11.40M$11.46M$1.03M-----
Non Us------------$11.16M$8.36M$7.88M$9.06M$4.99M

CarGurus's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (92.75%), and Non-US (7.25%).

CarGurus Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
LADLithia Motors$31.04B$9.22B
PAGPenske Automotive Group$29.53B$7.59B
ANAutoNation$26.95B$6.59B
GPIGroup 1 Automotive$17.87B$5.22B
ABGAsbury Automotive Group$14.80B$4.24B
SAHSonic Automotive$14.37B$3.49B
RUSHARush Enterprises$7.93B$1.90B
DRVNDriven Brands$2.30B$611.57M
KARKAR Auction Services$1.65B$448.40M
CARGCarGurus$914.24M$231.36M
CARSCars$689.18M$179.65M
KFSKingsway Financial Services$103.24M$27.14M

CARG Revenue FAQ


What is CarGurus’s yearly revenue?

CarGurus's yearly revenue for 2023 was $914.24M, representing a decrease of -44.76% compared to 2022. The company's yearly revenue for 2022 was $1.66B, representing an increase of 73.96% compared to 2021. CARG's yearly revenue for 2021 was $951.37M, representing an increase of 72.52% compared to 2020.

What is CarGurus’s quarterly revenue?

CarGurus's quarterly revenue for Q3 2024 was $231.36M, a 5.79% increase from the previous quarter (Q2 2024), and a 5.44% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $218.69M, a 1.34% increase from the previous quarter (Q1 2024), and a -8.78% decrease year-over-year (Q2 2023). CARG's quarterly revenue for Q1 2024 was $215.8M, a -3.28% decrease from the previous quarter (Q4 2023), and a -6.97% decrease year-over-year (Q1 2023).

What is CarGurus’s revenue growth rate?

CarGurus's revenue growth rate for the last 3 years (2021-2023) was -3.90%, and for the last 5 years (2019-2023) was 55.24%.

What are CarGurus’s revenue streams?

CarGurus's revenue streams in c 23 are Marketplace, Product, and Wholesale. Marketplace generated $698.24M in revenue, accounting 76.37% of the company's total revenue, up 5.99% year-over-year. Product generated $115.1M in revenue, accounting 12.59% of the company's total revenue, down -84.83% year-over-year. Wholesale generated $100.91M in revenue, accounting 11.04% of the company's total revenue, down -57.54% year-over-year.

What is CarGurus’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of CarGurus was Marketplace. This segment made a revenue of $698.24M, representing 76.37% of the company's total revenue.