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cargurus inc. - CARG

CARG

Close Chg Chg %
36.08 -0.05 -0.14%

Closed Market

36.03

-0.05 (0.14%)

Volume: 1.80M

Last Updated:

Dec 20, 2024, 4:00 PM EDT

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Company Overview: cargurus inc. - CARG

CARG Key Data

Open

$35.56

 Day Range

35.56 - 36.60

52 Week Range

21.19 - 39.09

 Market Cap

$3.74B

Shares Outstanding

103.71M

 Public Float

82.93M

Beta

1.57

 Rev. Per Employee

N/A

P/E Ratio

N/A

 EPS

-$0.46

Yield

0.00%

 Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

703.83K

  

CARG Performance

1 Week
 
 -4.35%
 
1 Month
 
 1.15%
 
3 Months
 
 18.71%
 
1 Year
 
 48.76%
 
5 Years
 
 -1.64%
 

CARG Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 13
Full Ratings ➔

About cargurus inc. - CARG

Cargurus, Inc. is an online automotive platform, which engages in buying and selling vehicles that is building upon its listings marketplace with digital retail solutions and the CarOffer digital wholesale platform. It operates through the following segments: U.S. Marketplace, Digital Wholesale, and Other. The U.S. Marketplace segment offers marketplace services from customers. The Digital Wholesale segment consists of dealer-to-dealer and IMCO services and products which are sold on the CarOffer platform. The company was founded by Langley Steinert on November 10, 2005 and is headquartered in Boston, MA.

CARG At a Glance

Cargurus, Inc.
1001 Boylston Street
Boston, Massachusetts 02115
Phone 1-617-354-0068 Revenue 914.24M
Industry Internet Software/Services Net Income 31.10M
Sector Technology Services Employees 1,343
Fiscal Year-end 12 / 2024
View SEC Filings

CARG Valuation

P/E Current N/A
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 88.693
Price to Sales Ratio 3.018
Price to Book Ratio 4.237
Price to Cash Flow Ratio 22.154
Enterprise Value to EBITDA 28.396
Enterprise Value to Sales 2.886
Total Debt to Enterprise Value 0.074

CARG Efficiency

Revenue/Employee 680,746.091
Income Per Employee 23,160.089
Receivables Turnover 22.877
Total Asset Turnover 0.99

CARG Liquidity

Current Ratio 3.30
Quick Ratio 3.297
Cash Ratio 2.732

CARG Profitability

Gross Margin 69.525
Operating Margin 3.569
Pretax Margin 5.654
Net Margin 3.402
Return on Assets 3.37
Return on Equity 4.603
Return on Total Capital 3.834
Return on Invested Capital 3.924

CARG Capital Structure

Total Debt to Total Equity 31.513
Total Debt to Total Capital 23.962
Total Debt to Total Assets 21.154
Long-Term Debt to Equity 29.522
Long-Term Debt to Total Capital 22.448
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Cargurus Inc. - CARG

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
551.45M 951.37M 1.66B 914.24M
Sales Growth
-6.36% +72.52% +73.96% -44.76%
Cost of Goods Sold (COGS) incl D&A
47.84M 307.78M 1.01B 278.62M
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
22.10M 50.65M 56.40M 60.29M
Depreciation
8.51M 7.84M 14.62M 18.41M
Amortization of Intangibles
1.99M 30.15M 30.72M 30.06M
COGS Growth
+17.09% +543.41% +229.12% -72.49%
Gross Income
503.62M 643.59M 642.07M 635.62M
Gross Income Growth
-8.11% +27.79% -0.24% -1.00%
Gross Profit Margin
+91.33% +67.65% +38.80% +69.52%
2020 2021 2022 2023 5-year trend
SG&A Expense
396.76M 493.97M 533.59M 603.00M
Research & Development
83.07M 106.42M 123.77M 146.17M
Other SG&A
313.70M 387.54M 409.82M 456.83M
SGA Growth
-22.65% +24.50% +8.02% +13.01%
Other Operating Expense
- - - -
-
Unusual Expense
- - 9.10M 1.36M
-
EBIT after Unusual Expense
97.76M 148.27M 108.48M 32.63M
Non Operating Income/Expense
1.35M 1.09M 2.88M 19.06M
Non-Operating Interest Income
1.07M 120.00K 3.85M 18.43M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
- - - -
-
Interest Expense Growth
- - - -
-
Gross Interest Expense
- - - -
-
Interest Capitalized
- - - -
-
Pretax Income
99.11M 149.36M 111.36M 51.69M
Pretax Income Growth
+156.07% +50.70% -25.44% -53.59%
Pretax Margin
+17.97% +15.70% +6.73% +5.65%
Income Tax
21.56M 38.99M 32.41M 29.63M
Income Tax - Current - Domestic
(1.45M) 32.57M 54.35M 66.97M
Income Tax - Current - Foreign
767.00K 253.00K 175.00K 532.00K
Income Tax - Deferred - Domestic
22.27M 6.37M (22.07M) (37.85M)
Income Tax - Deferred - Foreign
(38.00K) (204.00K) (47.00K) (9.00K)
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
77.55M 110.37M 78.95M 22.05M
Minority Interest Expense
- 110.53M (114.83M) (9.05M)
Net Income
77.55M (154.00K) 193.78M 31.10M
Net Income Growth
+84.01% -100.20% +125,934.42% -83.95%
Net Margin Growth
+14.06% -0.02% +11.71% +3.40%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
77.55M (154.00K) 193.78M 31.10M
Preferred Dividends
- - - -
-
Net Income Available to Common
77.55M (154.00K) 193.78M 31.10M
EPS (Basic)
0.6872 -0.0013 1.6357 0.2747
EPS (Basic) Growth
+81.70% -100.19% +125,923.08% -83.21%
Basic Shares Outstanding
112.85M 117.14M 118.47M 113.24M
EPS (Diluted)
0.6812 -0.0013 1.5122 0.2724
EPS (Diluted) Growth
+83.32% -100.19% +116,423.08% -81.99%
Diluted Shares Outstanding
113.85M 117.14M 128.15M 114.19M
EBITDA
128.96M 200.27M 164.88M 92.92M
EBITDA Growth
+151.21% +55.30% -17.67% -43.64%
EBITDA Margin
+23.38% +21.05% +9.96% +10.16%

Snapshot

Average Recommendation BUY Average Target Price 39.542
Number of Ratings 13 Current Quarters Estimate 0.522
FY Report Date 12 / 2024 Current Year's Estimate 1.70
Last Quarter’s Earnings 0.45 Median PE on CY Estimate N/A
Year Ago Earnings 1.23 Next Fiscal Year Estimate 1.936
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 11 7 11 11
Mean Estimate 0.52 0.43 1.70 1.94
High Estimates 0.56 0.56 1.74 2.49
Low Estimate 0.45 0.34 1.63 1.73
Coefficient of Variance 5.66 17.46 1.72 10.21

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 10 10 10
OVERWEIGHT 0 0 0
HOLD 3 4 4
UNDERWEIGHT 0 0 0
SELL 0 0 1
MEAN Buy Overweight Overweight

Insider Actions for Cargurus Inc. - CARG

Date Name Shares Transaction Value
Oct 4, 2024 Jason Trevisan Chief Executive Officer; Director 789,606 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $29.65 per share 23,411,817.90
Oct 4, 2024 Langley Steinert Executive Chair; Director 433,826 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $29.65 per share 12,862,940.90
Oct 4, 2024 Samuel Zales COO and President 498,251 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $0.16 per share 79,720.16
Oct 4, 2024 Samuel Zales COO and President 473,083 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $28.88 per share 13,662,637.04
Oct 4, 2024 Dafna Sarnoff Chief Marketing Officer 123,457 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $29.65 per share 3,660,500.05
Oct 4, 2024 Dafna Sarnoff Chief Marketing Officer 119,330 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $29.94 per share 3,572,740.20
Oct 4, 2024 Dafna Sarnoff Chief Marketing Officer 114,066 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $29.43 per share 3,356,962.38
Oct 4, 2024 Matthew Quinn Chief Technology Officer 209,191 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $29.65 per share 6,202,513.15
Oct 4, 2024 Matthew Quinn Chief Technology Officer 205,696 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $29.43 per share 6,053,633.28
Oct 4, 2024 Javier Zamora General Counsel and Secretary 90,809 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $29.65 per share 2,692,486.85
Oct 4, 2024 Zachary Emerson Hallowell CEO, CarOffer 147,395 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $29.65 per share 4,370,261.75
May 16, 2024 Greg M. Schwartz Director 14,096 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $24.04 per share 338,867.84
Apr 18, 2024 Samuel Zales COO and President 9,778 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Mar 5, 2024 Andrea Eldridge Chief People Officer 117,432 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $22.13 per share 2,598,770.16
Mar 5, 2024 Andrea Eldridge Chief People Officer 117,206 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $22.68 per share 2,658,232.08

Cargurus Inc. in the News