CarGurus (CARG) Revenue & Revenue Breakdown
CarGurus Revenue Highlights
Latest Revenue (Y)
$914.24M
Latest Revenue (Q)
$218.69M
Main Segment (Y)
Marketplace
Main Geography (Y)
UNITED STATES
CarGurus Revenue by Period
CarGurus Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $914.24M | -44.76% |
| 2022-12-31 | $1.66B | 73.96% |
| 2021-12-31 | $951.37M | 72.52% |
| 2020-12-31 | $551.45M | -6.36% |
| 2019-12-31 | $588.92M | 29.69% |
| 2018-12-31 | $454.09M | 43.31% |
| 2017-12-31 | $316.86M | 59.92% |
| 2016-12-31 | $198.14M | 100.98% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $218.69M | 1.34% |
| 2024-03-31 | $215.80M | -3.28% |
| 2023-12-31 | $223.12M | 1.69% |
| 2023-09-30 | $219.42M | -8.48% |
| 2023-06-30 | $239.74M | 3.35% |
| 2023-03-31 | $231.96M | -19.10% |
| 2022-12-31 | $286.74M | -32.76% |
| 2022-09-30 | $426.45M | -16.58% |
| 2022-06-30 | $511.23M | 18.72% |
| 2022-03-31 | $430.61M | 26.89% |
| 2021-12-31 | $339.34M | 52.23% |
| 2021-09-30 | $222.91M | 2.37% |
| 2021-06-30 | $217.75M | 27.06% |
| 2021-03-31 | $171.37M | 13.07% |
| 2020-12-31 | $151.55M | 2.77% |
| 2020-09-30 | $147.47M | 55.66% |
| 2020-06-30 | $94.74M | -39.92% |
| 2020-03-31 | $157.69M | -0.29% |
| 2019-12-31 | $158.15M | 5.11% |
| 2019-09-30 | $150.46M | 3.74% |
| 2019-06-30 | $145.03M | 7.22% |
| 2019-03-31 | $135.27M | 7.28% |
| 2018-12-31 | $126.09M | 5.92% |
| 2018-09-30 | $119.04M | 7.90% |
| 2018-06-30 | $110.33M | 11.78% |
| 2018-03-31 | $98.70M | 8.95% |
| 2017-12-31 | $90.60M | 9.17% |
| 2017-09-30 | $82.99M | 8.85% |
| 2017-06-30 | $76.24M | 13.73% |
| 2017-03-31 | $67.03M | 10.32% |
| 2016-12-31 | $60.76M | 14.36% |
| 2016-09-30 | $53.14M | - |
CarGurus generated $218.69M in revenue during Q2 2024, up 1.34% compared to the previous quarter, and up 94.28% compared to the same period a year ago.
CarGurus Revenue Breakdown
CarGurus Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Wholesale | $100.91M | $237.63M | $195.13M | - | - |
| Marketplace | $698.24M | $658.77M | $636.94M | - | - |
| Product | $115.10M | $758.63M | $119.30M | - | - |
| 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/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | Mar 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Marketplace | $187.22M | $182.25M | $177.91M | $170.95M | $167.13M | $166.25M | $165.31M | $163.93M | $163.29M | - | - | - | - | - | - | - | - |
| Wholesale | $16.13M | $22.04M | $21.73M | $31.95M | $25.19M | $23.66M | $47.05M | $75.94M | $90.99M | - | - | - | - | - | - | - | - |
| Product | $12.45M | $18.84M | $19.77M | $36.84M | $39.65M | $96.84M | $214.10M | $271.37M | $176.32M | - | - | - | - | - | - | - | - |
| Advertising And Other Revenue | - | - | - | - | - | - | - | - | - | $15.82M | $17.59M | $14.92M | $15.94M | $14.43M | - | - | - |
| Marketplace Subscription Revenue | - | - | - | - | - | - | - | - | - | $141.87M | $140.56M | $135.54M | $129.10M | $120.84M | - | - | - |
| United States Segment | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $114.61M | $106.40M | $95.17M |
| International Segment | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.43M | $3.93M | $3.53M |
CarGurus's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Marketplace (86.76%), Wholesale (7.47%), and Product (5.77%).
CarGurus Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 |
|---|---|---|---|---|
| UNITED STATES | $863.29M | $1.61B | $909.03M | $519.84M |
| Non-US | $50.95M | $44.63M | $42.34M | - |
| 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
| Country | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNITED STATES | $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 | $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 Mar 24: UNITED STATES (93.41%), and Non-US (6.59%).
CarGurus Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| LAD | Lithia Motors | $31.04B | $9.23B |
| PAG | Penske Automotive Group | $29.53B | $7.70B |
| AN | AutoNation | $26.95B | $6.48B |
| GPI | Group 1 Automotive | $17.87B | $4.70B |
| ABG | Asbury Automotive Group | $14.80B | $4.25B |
| SAH | Sonic Automotive | $14.37B | $3.45B |
| RUSHA | Rush Enterprises | $7.93B | $2.03B |
| DRVN | Driven Brands | $2.30B | $611.57M |
| KAR | KAR Auction Services | $1.65B | $431.80M |
| CARG | CarGurus | $914.24M | $218.69M |
| CARS | Cars | $689.18M | $180.18M |
| KFS | Kingsway Financial Services | $103.24M | $26.45M |
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 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). The company'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). CARG's quarterly revenue for Q4 2023 was $223.12M, a 1.69% increase from the previous quarter (Q3 2023), and a -22.19% decrease year-over-year (Q4 2022).
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 Wholesale, Marketplace, and Product. Wholesale generated $100.91M in revenue, accounting 11.04% of the company's total revenue, down -57.54% year-over-year. 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.
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.