PART I. FINANCIAL INFORMATION This section provides a comprehensive overview of the company's financial performance, position, and management's analysis [Item 1. Financial Statements](index=6&type=section&id=Item%201.%20Financial%20Statements) This section presents unaudited condensed consolidated financial statements, including balance sheets, income, comprehensive income, equity, cash flows, and detailed notes [Unaudited Condensed Consolidated Balance Sheets](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) This section provides a snapshot of the company's financial position, detailing assets, liabilities, and equity at specific points in time Condensed Consolidated Balance Sheet Highlights (in thousands) | Metric | Sep 30, 2021 | Dec 31, 2020 | Change | % Change | | :------------------------------------- | :----------- | :----------- | :----- | :------- | | Total Assets | $819,917 | $502,298 | $317,619 | 63.23% | | Current Assets | $441,509 | $331,976 | $109,533 | 33.00% | | Goodwill | $155,707 | $29,129 | $126,578 | 434.57% | | Intangible Assets, net | $92,421 | $10,862 | $81,559 | 750.87% | | Total Liabilities | $176,028 | $128,712 | $47,316 | 36.76% | | Total Stockholders' Equity | $589,256 | $373,586 | $215,670 | 57.73% | - The significant increase in **total assets**, particularly **goodwill** and **intangible assets**, is largely attributable to the acquisition of a **51% interest in CarOffer, LLC**[11](index=11&type=chunk)[86](index=86&type=chunk)[92](index=92&type=chunk) [Unaudited Condensed Consolidated Income Statements](index=7&type=section&id=Unaudited%20Condensed%20Consolidated%20Income%20Statements) This section details the company's financial performance over specific periods, presenting revenues, expenses, and net income Condensed Consolidated Income Statement Highlights (in thousands) | Metric | Three Months Ended Sep 30, 2021 | Three Months Ended Sep 30, 2020 | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | | :------------------------------------- | :------------------------------ | :------------------------------ | :----------------------------- | :----------------------------- | | Revenue | $222,915 | $147,472 | $612,031 | $399,898 | | Gross Profit | $162,882 | $137,710 | $477,623 | $368,646 | | Income from Operations | $40,076 | $43,567 | $104,344 | $64,295 | | Consolidated Net Income | $29,267 | $32,563 | $76,214 | $52,390 | | Net Income Attributable to Common Stockholders | $29,199 | $32,563 | $79,612 | $52,390 | | Basic EPS | $0.25 | $0.29 | $0.68 | $0.46 | | Diluted EPS | $0.24 | $0.29 | $0.66 | $0.46 | - Revenue increased significantly by **51%** for the three months and **53%** for the nine months ended September 30, 2021, compared to the prior year, while consolidated net income for the three-month period decreased by **10.12%** year-over-year, and for the nine-month period, it increased by **45.47%**[14](index=14&type=chunk) [Unaudited Condensed Consolidated Statements of Comprehensive Income](index=8&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) This section presents the company's comprehensive income, including net income and other comprehensive income items Condensed Consolidated Statements of Comprehensive Income (in thousands) | Metric | Three Months Ended Sep 30, 2021 | Three Months Ended Sep 30, 2020 | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | | :------------------------------------- | :------------------------------ | :------------------------------ | :----------------------------- | :----------------------------- | | Consolidated Net Income | $29,267 | $32,563 | $76,214 | $52,390 | | Foreign Currency Translation Adjustment | $(738) | $1,013 | $(1,573) | $1,001 | | Consolidated Comprehensive Income | $28,529 | $33,576 | $74,641 | $53,391 | | Comprehensive Income Attributable to Common Stockholders | $28,461 | $33,576 | $78,039 | $53,391 | - Consolidated comprehensive income decreased by **15.03%** for the three months ended September 30, 2021, primarily due to a negative foreign currency translation adjustment, while for the nine-month period, it increased by **39.80%**[19](index=19&type=chunk) [Unaudited Condensed Consolidated Statements of Redeemable Noncontrolling Interest and Stockholders' Equity](index=9&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Redeemable%20Noncontrolling%20Interest%20and%20Stockholders%27%20Equity) This section details changes in equity, including redeemable noncontrolling interest and stockholders' equity components Key Changes in Equity and Noncontrolling Interest (in thousands) | Metric | Dec 31, 2020 | Sep 30, 2021 | Change | | :------------------------------------- | :----------- | :----------- | :----- | | Redeemable Noncontrolling Interest | $0 | $54,633 | $54,633 | | Additional Paid-in Capital | $242,181 | $379,808 | $137,627 | | Retained Earnings | $129,412 | $209,024 | $79,612 | | Total Stockholders' Equity | $373,586 | $589,256 | $215,670 | - The **Redeemable Noncontrolling Interest of $54.6 million** at September 30, 2021, is a new item resulting from the acquisition of a **51% interest in CarOffer, LLC**[23](index=23&type=chunk)[52](index=52&type=chunk) - **Additional paid-in capital** increased significantly, partly due to the issuance of common stock for the CarOffer acquisition (**$103.6 million**)[23](index=23&type=chunk)[87](index=87&type=chunk) [Unaudited Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section outlines the company's cash inflows and outflows from operating, investing, and financing activities Condensed Consolidated Statements of Cash Flows (in thousands) – Nine Months Ended Sep 30 | Activity | 2021 | 2020 | Change | % Change | | :------------------------------------- | :----------- | :----------- | :----- | :------- | | Net Cash Provided by Operating Activities | $135,063 | $108,806 | $26,257 | 24.13% | | Net Cash (Used in) Provided by Investing Activities | $(63,353) | $84,859 | $(148,212) | -174.66% | | Net Cash Used in Financing Activities | $(25,056) | $(7,741) | $(17,315) | 223.68% | | **Net Increase in Cash, Cash Equivalents, and Restricted Cash** | **$46,295** | **$186,095** | **$(139,800)** | **-75.12%** | - Investing activities shifted from providing cash in 2020 to using cash in 2021, primarily due to **$64.3 million cash paid for acquisitions** (net of cash acquired) in 2021[27](index=27&type=chunk)[259](index=259&type=chunk) - Financing activities used significantly more cash in 2021, driven by a **$14.3 million repayment of CarOffer's line of credit** and **$11.3 million in withholding taxes for stock settlements**[27](index=27&type=chunk)[262](index=262&type=chunk) [Notes to Unaudited Condensed Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed explanations and disclosures supporting the unaudited condensed consolidated financial statements [Note 1. Organization and Business Description](index=12&type=section&id=Note%201.%20Organization%20and%20Business%20Description) This note describes the company's operational structure, key brands, and business activities - **CarGurus, Inc.** operates as a multinational online automotive platform, enhancing its listings marketplace with digital retail solutions and the **CarOffer online wholesale platform**[31](index=31&type=chunk) - Key brands include **CarGurus marketplace**, **Autolist** (wholly owned), and **CarOffer** (**51% interest**) in the United States, and **CarGurus** and **PistonHeads** (wholly owned) in Canada and the United Kingdom[33](index=33&type=chunk) - The company ceased online

CarGurus, Inc. (NASDAQ:CARG) Q2 2021 Earnings Conference Call August 5, 2021 5:00 PM ET Company Participants Kirndeep Singh – Vice President and Head-Investor Relations Jason Trevisan – Chief Executive Officer Scot Fredo – Chief Financial Officer Sam Zales – President and Chief Operating Officer Conference Call Participants Dan Kurnos – The Benchmark Company Ralph Schackart – William Blair Jed Kelly – Oppenheimer Nick Bacchus – Raymond James Doug Arthur – Huber Research Partners Operator Good day, and welco ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ Commission File Number: 001-38233 CARGURUS, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 04-384347 ...

CarGurus, Inc. (NASDAQ:CARG) Q1 2021 Earnings Conference Call May 6, 2021 5:00 PM ET Company Participants Josh Goldstein - Corporate Counsel Jason Trevisan - Chief Executive Officer Scot Fredo - Chief Financial Officer Sam Zales - President & Chief Operating Officer Conference Call Participants Dan Kurnos - Benchmark Company Ralph Schackart - William Blair Jed Kelly - Oppenheimer Doug Arthur - Huber Research Operator Greetings and welcome to CarGurus, Inc.'s First Quarter 2021 Earnings Results Conference C ...

Q1 2021 Business Update CarGurus © 2021 CarGurus, Inc. All Rights Reserved. . 000 AT&T LTE 1:22 PM 4 % = www.cargurus.com Car Gurus (00 @ = Sell New Used Select Make ZIP Find My Car Your Last Search Cautionary Note Regarding Forward-Looking Statements Certain information contained in this presentation, other matters discussed today and answers that may be given in response to questions may include "forward-looking statements." We may, in some cases, use terms such as "anticipates," "believes," "could," "est ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ Commission File Number: 001-38233 CARGURUS, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 04-38434 ...

Q4 2020 Business Update CarGurus © 2021 CarGurus, Inc. All Rights Reserved. . 000 AT&T LTE 1:22 PM 4 % = www.cargurus.com Car Gurus (00 @ = Sell New Used Select Make ZIP Find My Car Your Last Search Cautionary Note Regarding Forward-Looking Statements Certain information contained in this presentation, other matters discussed today and answers that may be given in response to questions may include "forward-looking statements." We may, in some cases, use terms such as "anticipates," "believes," "could," "est ...

CarGurus, Inc. (NASDAQ:CARG) Q4 2020 Earnings Conference Call February 11, 2021 5:00 PM ET Company Participants Josh Goldstein – Corporate Counsel Jason Trevisan – Chief Financial Officer Scot Fredo – Chief Financial Officer Sam Zales – President and Chief Operating Officer Conference Call Participants Tom White – D.A. Davidson Ralph Schackart – William Blair Jed Kelly – Oppenheimer Dan Kurnos – The Benchmark Company John Colantuoni – Jefferies Daniel Powell – Goldman Sachs Nick Jones – Citigroup Robert Zel ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-38233 CarGurus, Inc. (Exact name of Registrant as specified in its Charter) Delaware 04-3843478 (State or other jurisdiction of incor ...

CarGurus, Inc. (NASDAQ:CARG) Q3 2020 Earnings Conference Call November 5, 2020 5:00 PM ET Company Participants Scot Fredo - Senior Vice President, Financial Planning & Analysis Langley Steinert - Founder & Chief Executive Officer Jason Trevisan - Chief Financial Officer & President-International Sam Zales - President & Chief Operating Officer Conference Call Participants Dan Kurnos - The Benchmark Company Naved Khan - Truist Nick Jones - Citigroup Marvin Fong - BTIG Operator Thank you for standing by. This ...