CarGurus Grows Subscription Revenue by 52 Percent to $80.8M in Q4 2017
Total revenue grew to $90.6 million, a 49 percent increase.
CarGurus, Inc. (NASDAQ: CARG), an online automotive marketplace, reported a solid fourth quarter and full year 2017 results, including total revenue of $90.6 million, a 49 percent increase over the same period the prior year. CarGurus also reported subscription revenue of $80.8 million, a 52 percent increase over fourth quarter revenue of $53.2 million the prior year. Advertising and other revenue was $9.8 million, representing a 30 percent increase over the prior year’s total of $7.6 million.
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