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Unaudited Condensed Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue $ 511,229 $ 217,748 $ 941,837 $ 389,116
Cost of revenue [1] 323,378 50,317 572,111 74,375
Gross profit 187,851 167,431 369,726 314,741
Operating expenses:        
Sales and marketing 95,605 66,135 183,186 134,309
Product, technology, and development 31,354 27,630 62,007 52,794
General and administrative 33,514 26,167 66,635 46,681
Depreciation and amortization 3,836 9,022 7,697 16,689
Total operating expenses 164,309 128,954 319,525 250,473
Income from operations 23,542 38,477 50,201 64,268
Other (expense) income, net (156) 61 (275) 283
Income before income taxes 23,386 38,538 49,926 64,551
Provision for income taxes 5,325 11,142 13,027 17,604
Consolidated net income 18,061 27,396 36,899 46,947
Net loss attributable to redeemable noncontrolling interest (1,223) (656) (2,295) (3,466)
Net income attributable to CarGurus, Inc. 19,284 28,052 39,194 50,413
Accretion of redeemable noncontrolling interest to redemption value 29,620   111,620  
Net (loss) income attributable to common stockholders - basic $ (10,336) $ 28,052 $ (72,426) $ 50,413
Net (loss) income per share attributable to common stockholders: (Note 9)        
Basic $ (0.09) $ 0.24 $ (0.61) $ 0.43
Diluted $ (0.09) $ 0.23 $ (0.61) $ 0.42
Weighted-average number of shares of common stock used in computing net (loss) income per share attributable to common stockholders:        
Basic 118,390,641 117,124,895 118,211,975 116,722,913
Diluted 118,390,641 119,454,104 118,211,975 118,353,969
Marketplace [Member]        
Revenue $ 163,926 $ 160,458 $ 327,215 $ 316,259
Cost of revenue [1] 13,257 11,311 25,466 22,299
Wholesale [Member]        
Revenue 75,937 53,514 166,931 67,317
Cost of revenue [1] 46,518 35,226 104,700 46,352
Product [Member]        
Revenue 271,366 3,776 447,691 5,540
Cost of revenue [1] $ 263,603 $ 3,780 $ 441,945 $ 5,724
[1] Includes depreciation and amortization expense for the three months ended June 30, 2022 and 2021 and for the six months ended June 30, 2022 and 2021 of $7,398, $1,143, $14,722 and $2,142, respectively.