CarGurus, Inc. (CARG) Q3 2024 Earnings Call Transcript Summary
CarGurus, Inc. (CARG) Q3 2024 Earnings Call Transcript Summary
Non-GAAP consolidated adjusted EBITDA grew by 33% year-over-year to $64.9 million, with a margin expansion of 590 basis points to 28%.The following is a summary of the CarGurus, Inc. (CARG) Q3 2024 Earnings Call Transcript:
以下是CarGurus, Inc. (cargurus) Q3 2024 業績會實錄摘要:
Financial Performance:
財務表現:
CarGurus reported Q3 consolidated revenue of $231 million, up 5% year-over-year, with marketplace business driving this growth.
Marketplace revenue reached $204 million, showing a 15% year-over-year increment, mainly due to dealer ads and subscription upgrades.
Non-GAAP consolidated adjusted EBITDA grew by 33% year-over-year to $64.9 million, with a margin expansion of 590 basis points to 28%.
Non-GAAP diluted earnings per share rose to $0.45, up 32% from the previous year.
CarGurus報告Q3綜合營業收入爲23100萬美元，同比增長5%，以市場業務推動增長。
市場營業收入達到20400萬美元，同比增長15%，主要是由於經銷商廣告和訂閱升級。
非通用會計準則調整後的綜合調整EBITDA同比增長33%，達到6490萬美元，毛利率擴張590個點子至28%。
非通用會計準則稀釋每股收益增至0.45美元，比去年同期增長32%。
Business Progress:
業務進展：
Enhanced dealer offerings with new products and services, increasing dealer engagement and retention.
Expanded international business, notably in Canada, with significant growth in traffic share and dealer base.
Launched Digital Deal and Next Best Deal Rating in Canada, driving strong adoption and dealer satisfaction.
Made significant investments in improving operations in the digital wholesale business for better dealer experiences.
通過推出新產品和服務增強經銷商提供，提高經銷商參與度和留存率。
業務擴展，尤其在加拿大，交通份額和經銷商基礎實現顯著增長。
在加拿大推出Digital Deal和Next Best Deal評分，推動強大的採用率和經銷商滿意度。
在改善數字批發業務方面進行了重大投資，以提升經銷商體驗。
Opportunities:
機會：
The expansion of Digital Deal and successful replications of U.S. transaction enablement products in international markets poised as key growth levers.
Continued growth and innovation in offerings such as dealer data insights and marketing products foster greater dealer engagement and spend.
Digital Deal的擴展和在國際市場成功複製美國交易啓用產品被視爲關鍵增長槓桿。
在經銷商數據洞察和營銷產品等方面持續增長和創新，促進更高程度的經銷商參與和支出。
Risks:
風險：
The scaling and adoption of foreign market strategies and products may face cultural and operational challenges.
Potential fluctuations in wholesale revenue and challenges in digital transaction adoptions could affect overall financial stability.
外國市場策略和產品的擴展和採用可能面臨文化和運營挑戰。
批發營業收入的潛在波動和數字交易採用的挑戰可能會影響整體財務穩定性。
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：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
