Product was CarGurus’s largest product and service line in fiscal 2022, bringing in $758.63M of $1.66B (46%).
| Product and Service | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|---|
| Product | — | — | — | $758.63M | ||
| Marketplace | $588.92M | $551.45M | $636.94M | $658.77M | ||
| Marketplace Subscription Revenue | — | — | — | — | ||
| Wholesale | — | — | — | $237.64M | ||
| Dealer-To-Dealer | — | — | $224.83M | — | ||
| Instant Max Cash Offer | — | — | $89.60M | — | ||
| Advertising & Other Revenue | — | — | — | — | ||
| Total | $588.92M | $551.45M | $951.37M | $1.66B |
CarGurus brought in $1.66B from its three product and service lines in fiscal 2022, the year ended December 31, 2022. CarGurus regrouped these lines after fiscal 2021, so the total does not compare directly with that year's $951.37M. Product was the largest at $758.63M (45.8%), ahead of Marketplace at $658.77M (39.8%) and Wholesale at $237.64M (14.4%).
CarGurus began breaking out Product in fiscal 2022 and Wholesale in fiscal 2022. CarGurus stopped reporting Dealer-To-Dealer ($224.83M in fiscal 2021) and Instant Max Cash Offer ($89.60M in fiscal 2021) as separate lines.
Us was CarGurus’s largest region in fiscal 2022, bringing in $1.61B of $1.66B (97%).
| Geography | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|
| Us | — | $519.84M | $909.03M | $1.61B | |
| United States | $555.01M | — | — | — | |
| International | $33.91M | $31.62M | $42.34M | $44.64M | |
| Total | $588.92M | $551.45M | $951.37M | $1.66B |
CarGurus brought in $1.66B from its two regions in fiscal 2022, the year ended December 31, 2022. That was up 74.0% from $951.37M in fiscal 2021. Us was the largest at $1.61B (97.3%), ahead of International at $44.64M (2.7%).
Compared with fiscal 2021, Us grew 77.2% to $1.61B and International grew 5.4% to $44.64M.
CarGurus began breaking out Us in fiscal 2020, when it brought in $519.84M. CarGurus stopped reporting United States as a separate region after fiscal 2019, when it brought in $555.01M.
Pro Forma As If The Previous Accounting Guidance Was In Effect was CarGurus’s largest revenue line in fiscal 2018, bringing in $119.04M of $119.13M (100%).
| Initial Application Period Cumulative Effect Transition (2) | FY 2018 | FY 2018 | FY 2018 |
|---|---|---|---|
| Pro Forma As If The Previous Accounting Guidance Was In Effect | $98.70M | $110.33M | $119.04M |
| Adjustments | -$126.00K | -$29.00K | $83.00K |
| Total | $98.58M | $110.30M | $119.13M |
CarGurus brought in $119.13M from its two revenue lines in fiscal 2018, the year ended September 30, 2018. That was up 8.0% from $110.30M in fiscal 2018. Pro Forma As If The Previous Accounting Guidance Was In Effect was the largest at $119.04M (99.9%), ahead of Adjustments at $83.00K (0.1%).
CarGurus (CARG) reports its revenue by product and service, by geography and by initial application period cumulative effect transition (2). In fiscal 2022, Product was its largest product and service line, bringing in $758.63M (45.8% of the total), followed by Marketplace at $658.77M (39.8%).
Product was CarGurus' largest product and service line in fiscal 2022, bringing in $758.63M, or 45.8% of the $1.66B total across its three product and service lines.
Us was CarGurus' largest region in fiscal 2022, bringing in $1.61B, or 97.3% of the $1.66B total across its two regions.
Pro Forma As If The Previous Accounting Guidance Was In Effect was CarGurus' largest revenue line in fiscal 2018, bringing in $119.04M, or 99.9% of the $119.13M total across its two revenue lines.
Us grew faster than International in fiscal 2022, up 77.2% from $909.03M to $1.61B. International grew 5.4% to $44.64M.
Every figure comes from CarGurus' annual financial filings, as reported. Each line keeps the name CarGurus gives it, and years follow its fiscal calendar.
CarGurus' revenue by product and service goes back to fiscal 2017, with figures through fiscal 2022. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.