CarGurus, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 177.91 million compared to USD 165.31 million a year ago. Revenue was USD 219.42 million compared to USD 426.45 million a year ago. Net income was USD 22.3 million compared to USD 106.96 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.9 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.14 a year ago.
For the nine months, sales was USD 515.99 million compared to USD 492.52 million a year ago. Revenue was USD 691.12 million compared to USD 1,368.29 million a year ago. Net income was USD 54.85 million compared to USD 34.54 million a year ago. Basic earnings per share from continuing operations was USD 0.48 compared to USD 0.29 a year ago. Diluted earnings per share from continuing operations was USD 0.39 compared to USD 0.28 a year ago.