CarGurus, Inc. (CARG) 10-Year Financial Performance & Capital Metrics

CARG • • Industrial / General

Consumer CyclicalAuto DealershipsDigital Automotive MarketplacesConsumer Vehicle Marketplaces

AboutCarGurus, Inc. operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace that allows customers to search for new and used car listings from its dealers; and connects dealers to a large audience of informed and engaged consumers while providing dealers with actionable data-based insights. It also offers Digital Deal which allows shoppers to start purchase from a VDP on eligible listings that provides them with purchase options; Finance in Advance, where eligible consumers can pre-qualify for financing on cars from dealerships that offer financing from partners; Sell My Car Top Dealer Offers which allows dealers to make tailored trade-in offers; and Sell My Car Instant Max Cash Offer which allows consumers to sell vehicles to dealers online. In addition, the company provides dealer listings and data insights products; auto manufacturers and others advertiser products, such as brand reinforcement, category sponsorship, automobile segment exclusivity, and consumer segment exposure; Autolist, an online automotive marketplace through mobile applications and a website; and PistonHeads which is an automotive marketplace, auction platform, and editorial site for automotive enthusiasts. The company was formerly known as CarGurus LLC and changed its name to CarGurus, Inc. in June 2015. CarGurus, Inc. was founded in 2005 and is headquartered in Boston, Massachusetts.Show more

Revenue $894M -2.2%
EBITDA $39M -52.2%
Net Income $21M -32.6%
EPS (Diluted) 0.20 +5.3%
Gross Margin 82.62% +15.9%
EBITDA Margin 4.34% -51.1%
Operating Margin 1.5% -58.0%
Net Margin 2.34% -31.1%
ROE 3.62% -19.2%
ROIC 2.12% -61.6%
Debt/Equity 0.36 +12.9%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓FCF machine: 20.2% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 6.9% through buybacks
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Profits declining 13.0% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y8.72%

3Y-2.04%

TTM4.21%

Profit (Net Income) CAGR

10Y-

5Y-13.03%

3Y-42.31%

TTM454.99%

EPS CAGR

10Y-

5Y-11.58%

3Y-

TTM419.57%

ROCE

10Y Avg12.06%

5Y Avg14.01%

3Y Avg6.47%

Latest1.75%

Peer Comparison

Consumer Vehicle Marketplaces

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CARGCarGurus, Inc.	2.82B	34.74	173.70	-2.17%	16.41%	40.48%	6.39%	0.36
CARSCars.com Inc.	719.55M	12.03	16.71	4.35%	4.16%	6.27%	20.78%	0.89
CANGCango Inc.	502.21M	1.45	1.12	-52.73%	-79.97%	-46.74%		0.04
UXINUxin Limited	756.64M	3.67	-0.10	45.02%	-19.22%
VRMVroom, Inc.	97.62M	18.78	-0.21	-98.7%	-27.66%	-61.78%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	98.59M	198.14M	316.86M	454.09M	588.92M	551.45M	951.37M	1.66B	914.24M	894.38M
Revenue Growth %	-	1.01%	0.6%	0.43%	0.3%	-0.06%	0.73%	0.74%	-0.45%	-0.02%
Cost of Goods Sold+	4.23M	9.57M	17.61M	24.81M	36.3M	42.71M	294.01M	997.48M	262.79M	155.44M
COGS % of Revenue	0.04%	0.05%	0.06%	0.05%	0.06%	0.08%	0.31%	0.6%	0.29%	0.17%
Gross Profit+	94.35M	188.57M	299.25M	429.27M	552.62M	508.75M	657.36M	657.55M	651.45M	738.95M
Gross Margin %	0.96%	0.95%	0.94%	0.95%	0.94%	0.92%	0.69%	0.4%	0.71%	0.83%
Gross Profit Growth %	-	1%	0.59%	0.43%	0.29%	-0.08%	0.29%	0%	-0.01%	0.13%
Operating Expenses+	96.88M	180M	283.98M	406.08M	518.29M	410.99M	509.09M	549.08M	618.83M	725.53M
OpEx % of Revenue	0.98%	0.91%	0.9%	0.89%	0.88%	0.75%	0.54%	0.33%	0.68%	0.81%
Selling, General & Admin	87.68M	166.91M	258.85M	355.41M	444.28M	319.14M	388.25M	409.82M	456.83M	434.31M
SG&A % of Revenue	0.89%	0.84%	0.82%	0.78%	0.75%	0.58%	0.41%	0.25%	0.5%	0.49%
Research & Development	8.23M	11.45M	22.47M	47.87M	69.46M	85.73M	106.42M	123.77M	146.17M	144.43M
R&D % of Revenue	0.08%	0.06%	0.07%	0.11%	0.12%	0.16%	0.11%	0.07%	0.16%	0.16%
Other Operating Expenses	969K	1.63M	563K	10K	4.55M	6.12M	14.41M	15.48M	15.83M	146.79M
Operating Income+	-2.53M	8.57M	15.27M	23.19M	34.32M	97.76M	148.27M	108.48M	32.63M	13.41M
Operating Margin %	-0.03%	0.04%	0.05%	0.05%	0.06%	0.18%	0.16%	0.07%	0.04%	0.01%
Operating Income Growth %	-	4.39%	0.78%	0.52%	0.48%	1.85%	0.52%	-0.27%	-0.7%	-0.59%
EBITDA+	-1.41M	10.64M	19.07M	31.91M	42.14M	104.62M	198.92M	164.88M	81.1M	38.77M
EBITDA Margin %	-0.01%	0.05%	0.06%	0.07%	0.07%	0.19%	0.21%	0.1%	0.09%	0.04%
EBITDA Growth %	-	8.57%	0.79%	0.67%	0.32%	1.48%	0.9%	-0.17%	-0.51%	-0.52%
D&A (Non-Cash Add-back)	1.12M	2.07M	3.79M	8.72M	7.82M	6.87M	50.65M	56.4M	48.47M	25.36M
EBIT	-2.53M	8.57M	15.87M	25.48M	34.32M	97.76M	149.36M	111.36M	32.63M	147.91M
Net Interest Income+	-12K	390K	840K	2.28M	2.98M	1.07M	120K	3.85M	18.43M	12.19M
Interest Income	0	416K	869K	2.28M	2.98M	1.07M	120K	3.85M	18.43M	12.19M
Interest Expense	12K	26K	29K	0	0	0	0	0	0	0
Other Income/Expense	-12K	374K	563K	2.29M	4.38M	1.35M	1.09M	2.88M	19.06M	11.24M
Pretax Income+	-2.54M	8.95M	15.84M	25.48M	38.7M	99.11M	149.36M	111.36M	51.69M	24.66M
Pretax Margin %	-0.03%	0.05%	0.05%	0.06%	0.07%	0.18%	0.16%	0.07%	0.06%	0.03%
Income Tax+	-904K	2.45M	2.64M	-39.69M	-3.44M	21.56M	38.99M	32.41M	29.63M	3.69M
Effective Tax Rate %	0.64%	0.73%	0.83%	2.56%	1.09%	0.78%	0.73%	1.74%	0.6%	0.85%
Net Income+	-1.64M	6.5M	13.2M	65.17M	42.15M	77.55M	109.24M	193.78M	31.1M	20.97M
Net Margin %	-0.02%	0.03%	0.04%	0.14%	0.07%	0.14%	0.11%	0.12%	0.03%	0.02%
Net Income Growth %	-	4.97%	1.03%	3.94%	-0.35%	0.84%	0.41%	0.77%	-0.84%	-0.33%
Net Income (Continuing)	-1.64M	6.5M	13.2M	65.17M	42.15M	77.55M	110.37M	78.95M	22.05M	20.97M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	162.81M	36.75M	0	0
EPS (Diluted)+	-0.03	-0.25	0.12	0.57	0.37	0.68	-0.00	1.51	0.19	0.20
EPS Growth %	-	-6.33%	1.48%	3.75%	-0.35%	0.84%	-1%	-	-0.87%	0.05%
EPS (Basic)	-0.02	-0.25	0.13	0.60	0.38	0.69	-0.00	1.64	0.19	0.20
Diluted Shares Outstanding	48.02M	106.75M	108.26M	113.36M	113.43M	113.85M	117.14M	128.15M	114.19M	106.26M
Basic Shares Outstanding	102.69M	102.69M	101.66M	108.83M	111.45M	112.85M	117.14M	118.47M	113.24M	104.54M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	69.14M	85.51M	157.2M	194.86M	218.95M	331.98M	563.11M	557.37M	391.19M	391.21M
Cash & Short-Term Investments	61.36M	74.25M	137.71M	157.69M	171.61M	290.3M	321.94M	469.52M	312.09M	304.19M
Cash Only	61.36M	29.48M	87.71M	34.89M	59.92M	190.3M	231.94M	469.52M	291.36M	304.19M
Short-Term Investments	0	44.77M	50M	122.8M	111.69M	100M	90M	0	20.72M	0
Accounts Receivable	5.73M	6.65M	12.58M	13.61M	22.12M	18.23M	189.32M	46.82M	39.96M	44.25M
Days Sales Outstanding	21.21	12.26	14.49	10.94	13.71	12.07	72.64	10.32	15.95	18.06
Inventory	0	0	0	16.15M	0	0	19.66M	5.28M	331K	338K
Days Inventory Outstanding	-	-	-	237.54	-	-	24.4	1.93	0.46	0.79
Other Current Assets	1.12M	0	1.6M	13.41M	9.79M	11.06M	15.75M	13.78M	38.81M	42.43M
Total Non-Current Assets+	8.64M	14.82M	19.39M	73.43M	174.67M	170.32M	368.47M	369.74M	527.74M	433.33M
Property, Plant & Equipment	7.15M	12.78M	16.56M	24.27M	87.94M	88.32M	92.82M	97M	253.05M	251.49M
Fixed Asset Turnover	13.79x	15.50x	19.13x	18.71x	6.70x	6.24x	10.25x	17.06x	3.61x	3.56x
Goodwill	0	0	0	0	15.21M	29.13M	158.29M	157.47M	157.9M	46.17M
Intangible Assets	0	0	0	0	3.92M	10.86M	83.92M	53.05M	23.06M	11.77M
Long-Term Investments	1M	2.04M	1.84M	1.92M	0	0	0	0	0	0
Other Non-Current Assets	1M	0	2M	10.28M	24.89M	22.24M	20.07M	26.73M	20.37M	17.23M
Total Assets+	77.78M	100.33M	176.59M	268.29M	393.62M	502.3M	931.57M	927.1M	918.93M	824.54M
Asset Turnover	1.27x	1.97x	1.79x	1.69x	1.50x	1.10x	1.02x	1.79x	0.99x	1.08x
Asset Growth %	-	0.29%	0.76%	0.52%	0.47%	0.28%	0.85%	-0%	-0.01%	-0.1%
Total Current Liabilities+	16.39M	29.05M	42.97M	63.5M	73.76M	66.54M	170.71M	98.73M	115.18M	93.05M
Accounts Payable	10.48M	16.43M	23.91M	34.34M	36.73M	21.56M	66.15M	32.53M	47.85M	26.41M
Days Payables Outstanding	903.1	626.16	495.57	505.26	369.33	184.29	82.12	11.9	66.47	62.02
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	1.09M	3.33M	6.95M	12.08M	8.64M	10.85M	39.85M	11.01M	15.25M	17.38M
Current Ratio	4.22x	2.94x	3.66x	3.07x	2.97x	4.99x	3.30x	5.65x	3.40x	4.20x
Quick Ratio	4.22x	2.94x	3.66x	2.81x	2.97x	4.99x	3.18x	5.59x	3.39x	4.20x
Cash Conversion Cycle	-	-	-	-256.77	-	-	14.91	0.35	-50.05	-43.16
Total Non-Current Liabilities+	4.14M	6.55M	6.6M	10.68M	63.01M	62.18M	81.22M	57.01M	186.9M	189.8M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	60.82M	58.81M	57.52M	51.66M	182.11M	183.74M
Deferred Tax Liabilities	0	292K	0	7.93M	284K	291K	58K	54K	58K	26K
Other Non-Current Liabilities	4.14M	6.26M	6.6M	10.68M	1.91M	3.08M	23.64M	5.3M	4.73M	6.03M
Total Liabilities	20.53M	35.6M	49.57M	74.18M	136.77M	128.71M	251.93M	155.74M	302.07M	282.85M
Total Debt+	0	0	0	0	69.6M	69.89M	70.7M	66.42M	194.39M	192.74M
Net Debt	-61.36M	-29.48M	-87.71M	-34.89M	9.68M	-120.4M	-161.24M	-403.1M	-96.97M	-111.45M
Debt / Equity	-	-	-	-	0.27x	0.19x	0.10x	0.09x	0.32x	0.36x
Debt / EBITDA	-	-	-	-	1.65x	0.67x	0.36x	0.40x	2.40x	4.97x
Net Debt / EBITDA	-	-2.77x	-4.60x	-1.09x	0.23x	-1.15x	-0.81x	-2.44x	-1.20x	-2.87x
Interest Coverage	-210.67x	329.65x	526.69x	-	-	-	-	-	-	-
Total Equity+	57.25M	64.73M	127.03M	194.11M	256.86M	373.59M	679.65M	771.36M	616.85M	541.69M
Equity Growth %	-	0.13%	0.96%	0.53%	0.32%	0.45%	0.82%	0.13%	-0.2%	-0.12%
Book Value per Share	1.19	0.61	1.17	1.71	2.26	3.28	5.80	6.02	5.40	5.10
Total Shareholders' Equity	57.25M	64.73M	127.03M	194.11M	256.86M	373.59M	516.84M	734.61M	616.85M	541.69M
Common Stock	45K	42K	106K	111K	112K	113K	118K	118K	108K	104K
Retained Earnings	-18.61M	-71.7M	-58.5M	9.71M	51.86M	129.41M	129.26M	323.04M	354.15M	375.12M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	-30K	228K	71K	-350K	1.88M	-403K	-1.64M	-901K	-2.55M
Minority Interest	0	0	0	0	0	0	162.81M	36.75M	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	12.91M	20M	25.69M	51.72M	70.12M	156.74M	98.29M	256.11M	124.53M	255.49M
Operating CF Margin %	0.13%	0.1%	0.08%	0.11%	0.12%	0.28%	0.1%	0.15%	0.14%	0.29%
Operating CF Growth %	-	0.55%	0.28%	1.01%	0.36%	1.24%	-0.37%	1.61%	-0.51%	1.05%
Net Income	-1.64M	6.5M	13.2M	65.17M	42.15M	77.55M	110.37M	78.95M	22.05M	20.97M
Depreciation & Amortization	1.12M	2.07M	3.79M	5.03M	7.82M	10.19M	40.48M	45.33M	48.47M	25.36M
Stock-Based Compensation	1.04M	322K	5.03M	20.79M	34.3M	45.09M	53.52M	54.78M	63.74M	62.27M
Deferred Taxes	-649K	782K	-1.12M	-39.04M	-3.73M	22.23M	6.16M	-22.11M	-37.86M	-33.35M
Other Non-Cash Items	258K	-313K	1.25M	5.18M	8.82M	14.71M	16.71M	13.29M	12.24M	161.13M
Working Capital Changes	12.78M	10.64M	3.54M	-5.41M	-19.23M	-13.04M	-128.96M	85.86M	15.89M	19.11M
Change in Receivables	-716K	-1.43M	-7.04M	-1.91M	-9.61M	3.89M	-174.77M	152.95M	10.97M	-4.87M
Change in Inventory	1.65M	1.89M	2.9M	-9.06M	0	0	-17.32M	14.37M	1.96M	-112K
Change in Payables	6.1M	5.81M	6.24M	9.35M	4.27M	-15.08M	35.4M	-35.05M	2.08M	-4.66M
Cash from Investing+	-7.62M	-51.99M	-12.6M	-80.28M	-22.26M	-16.89M	-68.15M	72.73M	-61.56M	-72.97M
Capital Expenditures	-7.62M	-7.22M	-7.37M	-7.48M	-11.21M	-2.95M	-7.71M	-5.92M	-24.56M	-75.17M
CapEx % of Revenue	0.08%	0.04%	0.02%	0.02%	0.02%	0.01%	0.01%	0%	0.03%	0.08%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.26M	-1.37M	-2.21M	-1.52M	-3.02M	-4.58M	-6.16M	-11.35M	-16.45M	-18.52M
Cash from Financing+	49.97M	690K	44.78M	-23.39M	-14.69M	-10.09M	17.81M	-92.62M	-253.64M	-168.63M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	93K	690K	-2.91M	-23.39M	-14.66M	-10.05M	32.1M	-78.12M	-45.05M	-22.37M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	5.3M	12.79M	18.32M	44.24M	55.89M	149.21M	84.42M	238.84M	83.32M	180.32M
FCF Margin %	0.05%	0.06%	0.06%	0.1%	0.09%	0.27%	0.09%	0.14%	0.09%	0.2%
FCF Growth %	-	1.41%	0.43%	1.42%	0.26%	1.67%	-0.43%	1.83%	-0.65%	1.16%
FCF per Share	0.11	0.12	0.17	0.39	0.49	1.31	0.72	1.86	0.73	1.70
FCF Conversion (FCF/Net Income)	-7.89x	3.08x	1.95x	0.79x	1.66x	2.02x	0.90x	1.32x	4.00x	12.18x
Interest Paid	17K	26K	29K	19K	10.91M	0	0	64K	566K	772K
Taxes Paid	316K	2.04M	4.39M	2.31M	300K	2.83M	27.52M	61M	74.78M	40.78M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-2.86%	10.65%	13.77%	40.59%	18.69%	24.6%	20.74%	26.71%	4.48%	3.62%
Return on Invested Capital (ROIC)	-	41.29%	30.73%	17.52%	12.09%	28.21%	28.82%	18.35%	5.51%	2.12%
Gross Margin	95.71%	95.17%	94.44%	94.54%	93.84%	92.26%	69.1%	39.73%	71.26%	82.62%
Net Margin	-1.66%	3.28%	4.17%	14.35%	7.16%	14.06%	11.48%	11.71%	3.4%	2.34%
Debt / Equity	-	-	-	-	0.27x	0.19x	0.10x	0.09x	0.32x	0.36x
Interest Coverage	-210.67x	329.65x	526.69x	-	-	-	-	-	-	-
FCF Conversion	-7.89x	3.08x	1.95x	0.79x	1.66x	2.02x	0.90x	1.32x	4.00x	12.18x
Revenue Growth	-	100.98%	59.92%	43.31%	29.69%	-6.36%	72.52%	73.96%	-44.76%	-2.17%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Marketplace	-	-	-	-	636.94M	658.77M	698.24M	796.6M
Marketplace Growth	-	-	-	-	-	3.43%	5.99%	14.09%
Wholesale	-	-	-	-	195.13M	237.63M	100.91M	51.2M
Wholesale Growth	-	-	-	-	-	21.78%	-57.54%	-49.26%
Product	-	-	-	-	119.3M	758.63M	115.1M	46.58M
Product Growth	-	-	-	-	-	535.88%	-84.83%	-59.53%
Marketplace Subscription Revenue	-	-	526.04M	50M	-	-	-	-
Marketplace Subscription Revenue Growth	-	-	-	-90.50%	-	-	-	-
Advertising And Other Revenue	-	48.31M	62.87M	-	-	-	-	-
Advertising And Other Revenue Growth	-	-	30.16%	-	-	-	-	-
United States	307.47M	-	-	-	-	-	-	-
United States Growth	-	-	-	-	-	-	-	-
International	9.39M	-	-	-	-	-	-	-
International Growth	-	-	-	-	-	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	-	519.84M	909.03M	1.61B	863.29M	831.47M
UNITED STATES Growth	-	-	-	-	74.87%	77.16%	-46.39%	-3.69%
Non-US	-	-	-	-	42.34M	44.63M	50.95M	62.91M
Non-US Growth	-	-	-	-	-	5.42%	14.15%	23.47%
Non Us	-	-	-	31.62M	-	-	-	-
Non Us Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

CarGurus, Inc. (CARG) has a price-to-earnings (P/E) ratio of 173.7x. This suggests investors expect higher future growth.

Growth & Financials

CarGurus, Inc. (CARG) reported $926.4M in revenue for fiscal year 2024. This represents a 840% increase from $98.6M in 2015.

CarGurus, Inc. (CARG) saw revenue decline by 2.2% over the past year.

Yes, CarGurus, Inc. (CARG) is profitable, generating $152.0M in net income for fiscal year 2024 (2.3% net margin).

Dividend & Returns

CarGurus, Inc. (CARG) has a return on equity (ROE) of 3.6%. This is below average, suggesting room for improvement.

CarGurus, Inc. (CARG) generated $251.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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CarGurus, Inc. (CARG) 10-Year Financial Performance & Capital Metrics

CARG • • Industrial / General

Consumer CyclicalAuto DealershipsDigital Automotive MarketplacesConsumer Vehicle Marketplaces

Revenue $894M -2.2%
EBITDA $39M -52.2%
Net Income $21M -32.6%
EPS (Diluted) 0.20 +5.3%
Gross Margin 82.62% +15.9%
EBITDA Margin 4.34% -51.1%
Operating Margin 1.5% -58.0%
Net Margin 2.34% -31.1%
ROE 3.62% -19.2%
ROIC 2.12% -61.6%
Debt/Equity 0.36 +12.9%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓FCF machine: 20.2% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 6.9% through buybacks
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Profits declining 13.0% over 5 years

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y8.72%

3Y-2.04%

TTM4.21%

Profit (Net Income) CAGR

10Y-

5Y-13.03%

3Y-42.31%

TTM454.99%

EPS CAGR

10Y-

5Y-11.58%

3Y-

TTM419.57%

ROCE

10Y Avg12.06%

5Y Avg14.01%

3Y Avg6.47%

Latest1.75%

Peer Comparison

Consumer Vehicle Marketplaces

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CARGCarGurus, Inc.	2.82B	34.74	173.70	-2.17%	16.41%	40.48%	6.39%	0.36
CARSCars.com Inc.	719.55M	12.03	16.71	4.35%	4.16%	6.27%	20.78%	0.89
CANGCango Inc.	502.21M	1.45	1.12	-52.73%	-79.97%	-46.74%		0.04
UXINUxin Limited	756.64M	3.67	-0.10	45.02%	-19.22%
VRMVroom, Inc.	97.62M	18.78	-0.21	-98.7%	-27.66%	-61.78%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	98.59M	198.14M	316.86M	454.09M	588.92M	551.45M	951.37M	1.66B	914.24M	894.38M
Revenue Growth %	-	1.01%	0.6%	0.43%	0.3%	-0.06%	0.73%	0.74%	-0.45%	-0.02%
Cost of Goods Sold+	4.23M	9.57M	17.61M	24.81M	36.3M	42.71M	294.01M	997.48M	262.79M	155.44M
COGS % of Revenue	0.04%	0.05%	0.06%	0.05%	0.06%	0.08%	0.31%	0.6%	0.29%	0.17%
Gross Profit+	94.35M	188.57M	299.25M	429.27M	552.62M	508.75M	657.36M	657.55M	651.45M	738.95M
Gross Margin %	0.96%	0.95%	0.94%	0.95%	0.94%	0.92%	0.69%	0.4%	0.71%	0.83%
Gross Profit Growth %	-	1%	0.59%	0.43%	0.29%	-0.08%	0.29%	0%	-0.01%	0.13%
Operating Expenses+	96.88M	180M	283.98M	406.08M	518.29M	410.99M	509.09M	549.08M	618.83M	725.53M
OpEx % of Revenue	0.98%	0.91%	0.9%	0.89%	0.88%	0.75%	0.54%	0.33%	0.68%	0.81%
Selling, General & Admin	87.68M	166.91M	258.85M	355.41M	444.28M	319.14M	388.25M	409.82M	456.83M	434.31M
SG&A % of Revenue	0.89%	0.84%	0.82%	0.78%	0.75%	0.58%	0.41%	0.25%	0.5%	0.49%
Research & Development	8.23M	11.45M	22.47M	47.87M	69.46M	85.73M	106.42M	123.77M	146.17M	144.43M
R&D % of Revenue	0.08%	0.06%	0.07%	0.11%	0.12%	0.16%	0.11%	0.07%	0.16%	0.16%
Other Operating Expenses	969K	1.63M	563K	10K	4.55M	6.12M	14.41M	15.48M	15.83M	146.79M
Operating Income+	-2.53M	8.57M	15.27M	23.19M	34.32M	97.76M	148.27M	108.48M	32.63M	13.41M
Operating Margin %	-0.03%	0.04%	0.05%	0.05%	0.06%	0.18%	0.16%	0.07%	0.04%	0.01%
Operating Income Growth %	-	4.39%	0.78%	0.52%	0.48%	1.85%	0.52%	-0.27%	-0.7%	-0.59%
EBITDA+	-1.41M	10.64M	19.07M	31.91M	42.14M	104.62M	198.92M	164.88M	81.1M	38.77M
EBITDA Margin %	-0.01%	0.05%	0.06%	0.07%	0.07%	0.19%	0.21%	0.1%	0.09%	0.04%
EBITDA Growth %	-	8.57%	0.79%	0.67%	0.32%	1.48%	0.9%	-0.17%	-0.51%	-0.52%
D&A (Non-Cash Add-back)	1.12M	2.07M	3.79M	8.72M	7.82M	6.87M	50.65M	56.4M	48.47M	25.36M
EBIT	-2.53M	8.57M	15.87M	25.48M	34.32M	97.76M	149.36M	111.36M	32.63M	147.91M
Net Interest Income+	-12K	390K	840K	2.28M	2.98M	1.07M	120K	3.85M	18.43M	12.19M
Interest Income	0	416K	869K	2.28M	2.98M	1.07M	120K	3.85M	18.43M	12.19M
Interest Expense	12K	26K	29K	0	0	0	0	0	0	0
Other Income/Expense	-12K	374K	563K	2.29M	4.38M	1.35M	1.09M	2.88M	19.06M	11.24M
Pretax Income+	-2.54M	8.95M	15.84M	25.48M	38.7M	99.11M	149.36M	111.36M	51.69M	24.66M
Pretax Margin %	-0.03%	0.05%	0.05%	0.06%	0.07%	0.18%	0.16%	0.07%	0.06%	0.03%
Income Tax+	-904K	2.45M	2.64M	-39.69M	-3.44M	21.56M	38.99M	32.41M	29.63M	3.69M
Effective Tax Rate %	0.64%	0.73%	0.83%	2.56%	1.09%	0.78%	0.73%	1.74%	0.6%	0.85%
Net Income+	-1.64M	6.5M	13.2M	65.17M	42.15M	77.55M	109.24M	193.78M	31.1M	20.97M
Net Margin %	-0.02%	0.03%	0.04%	0.14%	0.07%	0.14%	0.11%	0.12%	0.03%	0.02%
Net Income Growth %	-	4.97%	1.03%	3.94%	-0.35%	0.84%	0.41%	0.77%	-0.84%	-0.33%
Net Income (Continuing)	-1.64M	6.5M	13.2M	65.17M	42.15M	77.55M	110.37M	78.95M	22.05M	20.97M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	162.81M	36.75M	0	0
EPS (Diluted)+	-0.03	-0.25	0.12	0.57	0.37	0.68	-0.00	1.51	0.19	0.20
EPS Growth %	-	-6.33%	1.48%	3.75%	-0.35%	0.84%	-1%	-	-0.87%	0.05%
EPS (Basic)	-0.02	-0.25	0.13	0.60	0.38	0.69	-0.00	1.64	0.19	0.20
Diluted Shares Outstanding	48.02M	106.75M	108.26M	113.36M	113.43M	113.85M	117.14M	128.15M	114.19M	106.26M
Basic Shares Outstanding	102.69M	102.69M	101.66M	108.83M	111.45M	112.85M	117.14M	118.47M	113.24M	104.54M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	69.14M	85.51M	157.2M	194.86M	218.95M	331.98M	563.11M	557.37M	391.19M	391.21M
Cash & Short-Term Investments	61.36M	74.25M	137.71M	157.69M	171.61M	290.3M	321.94M	469.52M	312.09M	304.19M
Cash Only	61.36M	29.48M	87.71M	34.89M	59.92M	190.3M	231.94M	469.52M	291.36M	304.19M
Short-Term Investments	0	44.77M	50M	122.8M	111.69M	100M	90M	0	20.72M	0
Accounts Receivable	5.73M	6.65M	12.58M	13.61M	22.12M	18.23M	189.32M	46.82M	39.96M	44.25M
Days Sales Outstanding	21.21	12.26	14.49	10.94	13.71	12.07	72.64	10.32	15.95	18.06
Inventory	0	0	0	16.15M	0	0	19.66M	5.28M	331K	338K
Days Inventory Outstanding	-	-	-	237.54	-	-	24.4	1.93	0.46	0.79
Other Current Assets	1.12M	0	1.6M	13.41M	9.79M	11.06M	15.75M	13.78M	38.81M	42.43M
Total Non-Current Assets+	8.64M	14.82M	19.39M	73.43M	174.67M	170.32M	368.47M	369.74M	527.74M	433.33M
Property, Plant & Equipment	7.15M	12.78M	16.56M	24.27M	87.94M	88.32M	92.82M	97M	253.05M	251.49M
Fixed Asset Turnover	13.79x	15.50x	19.13x	18.71x	6.70x	6.24x	10.25x	17.06x	3.61x	3.56x
Goodwill	0	0	0	0	15.21M	29.13M	158.29M	157.47M	157.9M	46.17M
Intangible Assets	0	0	0	0	3.92M	10.86M	83.92M	53.05M	23.06M	11.77M
Long-Term Investments	1M	2.04M	1.84M	1.92M	0	0	0	0	0	0
Other Non-Current Assets	1M	0	2M	10.28M	24.89M	22.24M	20.07M	26.73M	20.37M	17.23M
Total Assets+	77.78M	100.33M	176.59M	268.29M	393.62M	502.3M	931.57M	927.1M	918.93M	824.54M
Asset Turnover	1.27x	1.97x	1.79x	1.69x	1.50x	1.10x	1.02x	1.79x	0.99x	1.08x
Asset Growth %	-	0.29%	0.76%	0.52%	0.47%	0.28%	0.85%	-0%	-0.01%	-0.1%
Total Current Liabilities+	16.39M	29.05M	42.97M	63.5M	73.76M	66.54M	170.71M	98.73M	115.18M	93.05M
Accounts Payable	10.48M	16.43M	23.91M	34.34M	36.73M	21.56M	66.15M	32.53M	47.85M	26.41M
Days Payables Outstanding	903.1	626.16	495.57	505.26	369.33	184.29	82.12	11.9	66.47	62.02
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	1.09M	3.33M	6.95M	12.08M	8.64M	10.85M	39.85M	11.01M	15.25M	17.38M
Current Ratio	4.22x	2.94x	3.66x	3.07x	2.97x	4.99x	3.30x	5.65x	3.40x	4.20x
Quick Ratio	4.22x	2.94x	3.66x	2.81x	2.97x	4.99x	3.18x	5.59x	3.39x	4.20x
Cash Conversion Cycle	-	-	-	-256.77	-	-	14.91	0.35	-50.05	-43.16
Total Non-Current Liabilities+	4.14M	6.55M	6.6M	10.68M	63.01M	62.18M	81.22M	57.01M	186.9M	189.8M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	60.82M	58.81M	57.52M	51.66M	182.11M	183.74M
Deferred Tax Liabilities	0	292K	0	7.93M	284K	291K	58K	54K	58K	26K
Other Non-Current Liabilities	4.14M	6.26M	6.6M	10.68M	1.91M	3.08M	23.64M	5.3M	4.73M	6.03M
Total Liabilities	20.53M	35.6M	49.57M	74.18M	136.77M	128.71M	251.93M	155.74M	302.07M	282.85M
Total Debt+	0	0	0	0	69.6M	69.89M	70.7M	66.42M	194.39M	192.74M
Net Debt	-61.36M	-29.48M	-87.71M	-34.89M	9.68M	-120.4M	-161.24M	-403.1M	-96.97M	-111.45M
Debt / Equity	-	-	-	-	0.27x	0.19x	0.10x	0.09x	0.32x	0.36x
Debt / EBITDA	-	-	-	-	1.65x	0.67x	0.36x	0.40x	2.40x	4.97x
Net Debt / EBITDA	-	-2.77x	-4.60x	-1.09x	0.23x	-1.15x	-0.81x	-2.44x	-1.20x	-2.87x
Interest Coverage	-210.67x	329.65x	526.69x	-	-	-	-	-	-	-
Total Equity+	57.25M	64.73M	127.03M	194.11M	256.86M	373.59M	679.65M	771.36M	616.85M	541.69M
Equity Growth %	-	0.13%	0.96%	0.53%	0.32%	0.45%	0.82%	0.13%	-0.2%	-0.12%
Book Value per Share	1.19	0.61	1.17	1.71	2.26	3.28	5.80	6.02	5.40	5.10
Total Shareholders' Equity	57.25M	64.73M	127.03M	194.11M	256.86M	373.59M	516.84M	734.61M	616.85M	541.69M
Common Stock	45K	42K	106K	111K	112K	113K	118K	118K	108K	104K
Retained Earnings	-18.61M	-71.7M	-58.5M	9.71M	51.86M	129.41M	129.26M	323.04M	354.15M	375.12M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	-30K	228K	71K	-350K	1.88M	-403K	-1.64M	-901K	-2.55M
Minority Interest	0	0	0	0	0	0	162.81M	36.75M	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	12.91M	20M	25.69M	51.72M	70.12M	156.74M	98.29M	256.11M	124.53M	255.49M
Operating CF Margin %	0.13%	0.1%	0.08%	0.11%	0.12%	0.28%	0.1%	0.15%	0.14%	0.29%
Operating CF Growth %	-	0.55%	0.28%	1.01%	0.36%	1.24%	-0.37%	1.61%	-0.51%	1.05%
Net Income	-1.64M	6.5M	13.2M	65.17M	42.15M	77.55M	110.37M	78.95M	22.05M	20.97M
Depreciation & Amortization	1.12M	2.07M	3.79M	5.03M	7.82M	10.19M	40.48M	45.33M	48.47M	25.36M
Stock-Based Compensation	1.04M	322K	5.03M	20.79M	34.3M	45.09M	53.52M	54.78M	63.74M	62.27M
Deferred Taxes	-649K	782K	-1.12M	-39.04M	-3.73M	22.23M	6.16M	-22.11M	-37.86M	-33.35M
Other Non-Cash Items	258K	-313K	1.25M	5.18M	8.82M	14.71M	16.71M	13.29M	12.24M	161.13M
Working Capital Changes	12.78M	10.64M	3.54M	-5.41M	-19.23M	-13.04M	-128.96M	85.86M	15.89M	19.11M
Change in Receivables	-716K	-1.43M	-7.04M	-1.91M	-9.61M	3.89M	-174.77M	152.95M	10.97M	-4.87M
Change in Inventory	1.65M	1.89M	2.9M	-9.06M	0	0	-17.32M	14.37M	1.96M	-112K
Change in Payables	6.1M	5.81M	6.24M	9.35M	4.27M	-15.08M	35.4M	-35.05M	2.08M	-4.66M
Cash from Investing+	-7.62M	-51.99M	-12.6M	-80.28M	-22.26M	-16.89M	-68.15M	72.73M	-61.56M	-72.97M
Capital Expenditures	-7.62M	-7.22M	-7.37M	-7.48M	-11.21M	-2.95M	-7.71M	-5.92M	-24.56M	-75.17M
CapEx % of Revenue	0.08%	0.04%	0.02%	0.02%	0.02%	0.01%	0.01%	0%	0.03%	0.08%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.26M	-1.37M	-2.21M	-1.52M	-3.02M	-4.58M	-6.16M	-11.35M	-16.45M	-18.52M
Cash from Financing+	49.97M	690K	44.78M	-23.39M	-14.69M	-10.09M	17.81M	-92.62M	-253.64M	-168.63M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	93K	690K	-2.91M	-23.39M	-14.66M	-10.05M	32.1M	-78.12M	-45.05M	-22.37M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	5.3M	12.79M	18.32M	44.24M	55.89M	149.21M	84.42M	238.84M	83.32M	180.32M
FCF Margin %	0.05%	0.06%	0.06%	0.1%	0.09%	0.27%	0.09%	0.14%	0.09%	0.2%
FCF Growth %	-	1.41%	0.43%	1.42%	0.26%	1.67%	-0.43%	1.83%	-0.65%	1.16%
FCF per Share	0.11	0.12	0.17	0.39	0.49	1.31	0.72	1.86	0.73	1.70
FCF Conversion (FCF/Net Income)	-7.89x	3.08x	1.95x	0.79x	1.66x	2.02x	0.90x	1.32x	4.00x	12.18x
Interest Paid	17K	26K	29K	19K	10.91M	0	0	64K	566K	772K
Taxes Paid	316K	2.04M	4.39M	2.31M	300K	2.83M	27.52M	61M	74.78M	40.78M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-2.86%	10.65%	13.77%	40.59%	18.69%	24.6%	20.74%	26.71%	4.48%	3.62%
Return on Invested Capital (ROIC)	-	41.29%	30.73%	17.52%	12.09%	28.21%	28.82%	18.35%	5.51%	2.12%
Gross Margin	95.71%	95.17%	94.44%	94.54%	93.84%	92.26%	69.1%	39.73%	71.26%	82.62%
Net Margin	-1.66%	3.28%	4.17%	14.35%	7.16%	14.06%	11.48%	11.71%	3.4%	2.34%
Debt / Equity	-	-	-	-	0.27x	0.19x	0.10x	0.09x	0.32x	0.36x
Interest Coverage	-210.67x	329.65x	526.69x	-	-	-	-	-	-	-
FCF Conversion	-7.89x	3.08x	1.95x	0.79x	1.66x	2.02x	0.90x	1.32x	4.00x	12.18x
Revenue Growth	-	100.98%	59.92%	43.31%	29.69%	-6.36%	72.52%	73.96%	-44.76%	-2.17%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Marketplace	-	-	-	-	636.94M	658.77M	698.24M	796.6M
Marketplace Growth	-	-	-	-	-	3.43%	5.99%	14.09%
Wholesale	-	-	-	-	195.13M	237.63M	100.91M	51.2M
Wholesale Growth	-	-	-	-	-	21.78%	-57.54%	-49.26%
Product	-	-	-	-	119.3M	758.63M	115.1M	46.58M
Product Growth	-	-	-	-	-	535.88%	-84.83%	-59.53%
Marketplace Subscription Revenue	-	-	526.04M	50M	-	-	-	-
Marketplace Subscription Revenue Growth	-	-	-	-90.50%	-	-	-	-
Advertising And Other Revenue	-	48.31M	62.87M	-	-	-	-	-
Advertising And Other Revenue Growth	-	-	30.16%	-	-	-	-	-
United States	307.47M	-	-	-	-	-	-	-
United States Growth	-	-	-	-	-	-	-	-
International	9.39M	-	-	-	-	-	-	-
International Growth	-	-	-	-	-	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	-	519.84M	909.03M	1.61B	863.29M	831.47M
UNITED STATES Growth	-	-	-	-	74.87%	77.16%	-46.39%	-3.69%
Non-US	-	-	-	-	42.34M	44.63M	50.95M	62.91M
Non-US Growth	-	-	-	-	-	5.42%	14.15%	23.47%
Non Us	-	-	-	31.62M	-	-	-	-
Non Us Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

CarGurus, Inc. (CARG) has a price-to-earnings (P/E) ratio of 173.7x. This suggests investors expect higher future growth.

Growth & Financials

CarGurus, Inc. (CARG) reported $926.4M in revenue for fiscal year 2024. This represents a 840% increase from $98.6M in 2015.

CarGurus, Inc. (CARG) saw revenue decline by 2.2% over the past year.

Yes, CarGurus, Inc. (CARG) is profitable, generating $152.0M in net income for fiscal year 2024 (2.3% net margin).

Dividend & Returns

CarGurus, Inc. (CARG) has a return on equity (ROE) of 3.6%. This is below average, suggesting room for improvement.

CarGurus, Inc. (CARG) generated $251.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.