Earnings Call Summary | CarGurus(CARG.US) Q1 2024 Earnings Conference
Earnings Call Summary | CarGurus(CARG.US) Q1 2024 Earnings Conference
The following is a summary of the CarGurus, Inc. (CARG) Q1 2024 Earnings Call Transcript:
以下是CarGurus, Inc.（CARG）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
CarGurus reported Q1 revenue at the high end of its forecast, showing 24% growth in non-GAAP consolidated adjusted EBITDA due to an increase in subscriptions.
Marketplace business revenue demonstrated a 12% year-over-year growth, largely driven by strong subscription rates, evidenced by 28% growth in net new MRR.
International business maintained a robust performance with 24% revenue growth year-over-year.
They achieved a 14% year-over-year growth in Consolidated QARSD, attributed mainly to new active dealer adoption of their platforms.
CarGurus concluded the quarter with $246 million in cash.
CarGurus報告稱，第一季度收入處於其預測的最高水平，顯示由於訂閱量增加，非公認會計准則合併調整後的息稅折舊攤銷前利潤增長了24％。
市場業務收入同比增長12％，這主要是由強勁的訂閱率推動的，淨新增MRR增長28％就證明了這一點。
國際業務保持強勁表現，收入同比增長24％。
他們的合併QARSD同比增長了14％，這主要歸因於新的活躍交易商採用了他們的平台。
CarGurus在本季度結束時獲得了2.46億美元的現金。
Business Progress:
業務進展：
For 2024, CarGurus is prioritizing 'intelligent acceleration' to grow the business profitably, focusing on enhancing dealer ROI from their platform.
Significant adoption of their digital deals was reported, with over 6000 dealers onboarded by quarter-end.
The company is focusing on improving its mobile app for customer convenience and simplifying the car shopping process.
Efforts are underway to rebuild their go-to-market engine and elevate their product offering and customer service.
Tools like 'Next Best Deal Rating' and 'Inventory Acquisition Recommendation' have been introduced to adopt a more consultative approach with dealers and improve customer retention.
The company is working on linking end-to-end car dealership operations through its data and dealer insights.
The CarOffer initiative has shown successful results, underpinned by a consistent investment in product-first and operations optimization strategies.
Increased app downloads, engagement, and a 25% lead contribution are reported, and unique feature enhancements for app users are underway.
對於2024年，CarGurus優先考慮 “智能加速”，以實現業務的盈利增長，重點是通過其平台提高經銷商的投資回報率。
據報道，他們的數字交易已被大量採用，截至季度末，已有6000多家經銷商加入。
該公司正專注於改進其移動應用程序，以方便客戶並簡化購車流程。
正在努力重建他們的上市引擎，提升其產品供應和客戶服務。
引入了 “下一個最佳交易評級” 和 “庫存採購建議” 等工具，以對經銷商採取更具諮詢性的方法並提高客戶保留率。
該公司正在努力通過其數據和經銷商見解將端到端的汽車經銷商業務聯繫起來。
在對產品優先和運營優化戰略的持續投資的支持下，CarOffer計劃取得了成功的成果。
據報道，應用程序下載量、參與度和 25% 的潛在客戶貢獻都有所增加，針對應用程序用戶的獨特功能增強正在進行中。
More details: CarGurus IR
更多詳情： CarGurus 紅外線
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。