CarGurus, Inc. (CARG) Financial Ratios
11 years of historical data (2015–2025) · Consumer Cyclical · Auto - Dealerships
EV/EBITDA
↓
12.79
↓-63% vs avg
5yr avg: 34.78
30Y Low8.4·High97.3
P/FCF
↓
10.04
↓-59% vs avg
5yr avg: 24.34
30Y Low7.5·High177.2
P/B Ratio
↑
7.76
↑+31% vs avg
5yr avg: 5.94
30Y Low2.3·High25.6
ROE
↑
34.0%
↓+90% vs avg
5yr avg: 17.9%
30Y Low-3%·High41%
Debt/EBITDA
↑
0.84
↓-53% vs avg
5yr avg: 1.79
30Y Low0.4·High5.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CARG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
CarGurus, Inc. trades at 19.4x earnings, 77% below its 5-year average of 86.0x, sitting at the 14th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a discount of 8%. On a free-cash-flow basis, the stock trades at 10.0x P/FCF, 59% below the 5-year average of 24.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.9B | $3.7B | $3.9B | $2.8B | $1.8B | $3.9B | $3.6B | $4.0B | $3.8B | $3.2B | — |
| Enterprise Value | $2.9B | $3.7B | $3.8B | $2.7B | $1.4B | $3.8B | $3.5B | $4.0B | $3.8B | $3.2B | — |
| P/E Ratio → | 19.37 | 24.74 | 182.70 | 127.16 | 9.28 | — | 46.66 | 95.08 | 59.18 | 249.83 | — |
| P/S Ratio | 3.09 | 3.95 | 4.34 | 3.02 | 1.08 | 4.14 | 6.55 | 6.78 | 8.42 | 10.24 | — |
| P/B Ratio | 7.76 | 9.92 | 7.17 | 4.47 | 2.33 | 5.80 | 9.67 | 15.54 | 19.70 | 25.55 | — |
| P/FCF | 10.04 | 12.84 | 21.53 | 33.11 | 7.52 | 46.68 | 24.21 | 71.40 | 86.42 | 177.17 | — |
| P/OCF | 9.82 | 12.57 | 15.20 | 22.15 | 7.01 | 40.09 | 23.05 | 56.91 | 73.93 | 126.33 | — |
P/E links to full P/E history page with 30-year chart
CARG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
CarGurus, Inc.'s enterprise value stands at 12.8x EBITDA, 63% below its 5-year average of 34.8x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 5% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.95 | 4.22 | 2.91 | 0.84 | 3.97 | 6.33 | 6.79 | 8.34 | 9.97 | — |
| EV / EBITDA | 12.79 | 16.37 | 97.27 | 32.82 | 8.44 | 19.00 | 33.38 | 94.93 | 118.74 | 165.60 | — |
| EV / EBIT | 14.92 | 18.30 | 25.50 | 81.58 | 12.50 | 25.30 | 35.72 | 116.55 | 148.68 | 199.03 | — |
| EV / FCF | — | 12.85 | 20.92 | 31.95 | 5.83 | 44.77 | 23.40 | 71.57 | 85.63 | 172.38 | — |
CARG Profitability
Margins and return-on-capital ratios measuring operating efficiency
CarGurus, Inc. earns an operating margin of 20.7%, significantly above the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from 3.6% to 20.7% over the past 3 years, signaling improving operational efficiency. Return on equity of 34.0% is exceptionally high — well above the sector median of 5.3%. ROIC of 36.2% represents excellent returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 89.0% | 89.0% | 82.6% | 71.3% | 39.7% | 69.1% | 92.3% | 93.8% | 94.5% | 94.4% | 95.2% |
| Operating Margin | 20.7% | 20.7% | 1.5% | 3.6% | 6.6% | 15.6% | 17.7% | 5.8% | 5.1% | 4.8% | 4.3% |
| Net Profit Margin | 16.6% | 16.6% | 2.3% | 3.4% | 11.7% | 11.5% | 14.1% | 7.2% | 14.4% | 4.2% | 3.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 34.0% | 34.0% | 3.6% | 4.5% | 26.7% | 20.7% | 24.6% | 18.7% | 40.6% | 13.8% | 10.7% |
| ROA | 21.0% | 21.0% | 2.4% | 3.4% | 20.9% | 15.2% | 17.3% | 12.7% | 29.3% | 9.5% | 7.3% |
| ROIC | 36.2% | 36.2% | 2.1% | 5.5% | 18.4% | 28.8% | 28.2% | 12.1% | 17.5% | 30.7% | 41.3% |
| ROCE | 30.1% | 30.1% | 1.7% | 4.0% | 13.7% | 24.8% | 25.9% | 13.1% | 13.7% | 14.9% | 12.9% |
CARG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
CarGurus, Inc. carries a Debt/EBITDA ratio of 0.8x, which is very conservative (82% below the sector average of 4.8x). Net debt stands at $315000 ($191M total debt minus $191M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.51 | 0.51 | 0.36 | 0.32 | 0.09 | 0.10 | 0.19 | 0.27 | — | — | — |
| Debt / EBITDA | 0.84 | 0.84 | 4.97 | 2.40 | 0.40 | 0.36 | 0.67 | 1.65 | — | — | — |
| Net Debt / Equity | — | 0.00 | -0.21 | -0.16 | -0.52 | -0.24 | -0.32 | 0.04 | -0.18 | -0.69 | -0.46 |
| Net Debt / EBITDA | 0.00 | 0.00 | -2.87 | -1.20 | -2.44 | -0.81 | -1.15 | 0.23 | -1.09 | -4.60 | -2.77 |
| Debt / FCF | — | 0.00 | -0.62 | -1.16 | -1.69 | -1.91 | -0.81 | 0.17 | -0.79 | -4.79 | -2.31 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | 547.10 | 329.65 |
CARG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
CarGurus, Inc.'s current ratio of 2.81x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 3.40x to 2.81x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.81 | 2.81 | 4.20 | 3.40 | 5.65 | 3.30 | 4.99 | 2.97 | 3.07 | 3.66 | 2.94 |
| Quick Ratio | 2.81 | 2.81 | 4.20 | 3.39 | 5.59 | 3.18 | 4.99 | 2.97 | 2.81 | 3.66 | 2.94 |
| Cash Ratio | 1.89 | 1.89 | 3.27 | 2.71 | 4.76 | 1.89 | 4.36 | 2.33 | 2.48 | 3.21 | 2.56 |
| Asset Turnover | — | 1.42 | 1.08 | 0.99 | 1.79 | 1.02 | 1.10 | 1.50 | 1.69 | 1.79 | 1.97 |
| Inventory Turnover | — | — | 459.88 | 793.92 | 188.85 | 14.96 | — | — | 1.54 | — | — |
| Days Sales Outstanding | — | 16.30 | 18.06 | 15.95 | 10.32 | 72.64 | 12.07 | 13.71 | 10.94 | 14.49 | 12.26 |
CARG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
CarGurus, Inc. returns 12.1% to shareholders annually primarily through share buybacks. The earnings yield of 5.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.2% | 4.0% | 0.5% | 0.8% | 10.8% | — | 2.1% | 1.1% | 1.7% | 0.4% | — |
| FCF Yield | 10.0% | 7.8% | 4.6% | 3.0% | 13.3% | 2.1% | 4.1% | 1.4% | 1.2% | 0.6% | — |
| Buyback Yield | 12.1% | 9.5% | 3.8% | 7.6% | 0.8% | 0.0% | 0.0% | 0.0% | 0.7% | 0.0% | — |
| Total Shareholder Yield | 12.1% | 9.5% | 3.8% | 7.6% | 0.8% | 0.0% | 0.0% | 0.0% | 0.7% | 0.0% | — |
| Shares Outstanding | — | $97M | $106M | $114M | $128M | $117M | $114M | $113M | $113M | $108M | $107M |
Peer Comparison
Compare CARG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CARGYou | $3B | 19.4 | 12.8 | 10.0 | 89.0% | 20.7% | 34.0% | 36.2% | 0.8 |
 CARS | $556M | 31.1 | 6.4 | 3.8 | 83.0% | 8.3% | 4.1% | 5.0% | 3.1 |
 TRU | $12B | 27.8 | 11.7 | 18.8 | 59.1% | 18.7% | 10.3% | 7.3% | 3.6 |
 CVNA | $72B | 39.4 | 32.7 | 81.1 | 20.6% | 9.3% | 50.4% | 34.3% | 0.3 |
 VRM | $53M | -6.6 | 179.2 | 0.8 | 81.2% | 0.2% | -18.6% | 0.0% | 169.9 |
 KMX | $8B | 31.9 | — | 6.1 | 10.8% | -1.6% | 4.1% | -1.3% | — |
 AN | $6B | 11.1 | 10.5 | — | 17.0% | 4.8% | 27.1% | 8.5% | 6.4 |
 PAG | $12B | 12.4 | 14.0 | 15.6 | 16.4% | 4.0% | 17.3% | 6.9% | 6.1 |
 LAD | $7B | 9.1 | 11.4 | 35.0 | 15.2% | 3.8% | 12.3% | 5.2% | 8.0 |
 ABG | $4B | 7.8 | 9.3 | 6.6 | 16.6% | 5.6% | 13.3% | 8.0% | 5.8 |
 OPEN | $3B | -2.6 | — | 3.3 | 7.0% | -6.2% | -151.3% | -15.8% | — |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 11 years · Updated daily
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CARG — Frequently Asked Questions
Quick answers to the most common questions about buying CARG stock.
What is CarGurus, Inc.'s P/E ratio?
CarGurus, Inc.'s current P/E ratio is 19.4x. The historical average is 77.8x. This places it at the 14th percentile of its historical range.
What is CarGurus, Inc.'s EV/EBITDA?
CarGurus, Inc.'s current EV/EBITDA is 12.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 43.2x.
What is CarGurus, Inc.'s ROE?
CarGurus, Inc.'s return on equity (ROE) is 34.0%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 17.7%.
Is CARG stock overvalued?
Based on historical data, CarGurus, Inc. is trading at a P/E of 19.4x. This is at the 14th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are CarGurus, Inc.'s profit margins?
CarGurus, Inc. has 89.0% gross margin and 20.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does CarGurus, Inc. have?
CarGurus, Inc.'s Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.