CarGurus Announces Fourth Quarter and Full Year 2024 Results
Portfolio Pulse from
CarGurus reported strong financial results for Q4 and full year 2024, with significant growth in marketplace, international, and OEM advertising revenues. The company achieved a GAAP net income of $45.9 million and a 25% YoY increase in non-GAAP adjusted EBITDA.
February 20, 2025 | 9:15 pm
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POSITIVE IMPACT
CarGurus reported a 15% YoY growth in marketplace revenue and a 25% increase in non-GAAP adjusted EBITDA for Q4 2024, indicating strong financial performance.
The reported growth in key revenue streams and significant increase in adjusted EBITDA suggest strong operational performance, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100