Grufity logoGrufity logo

CarGurus Inc Stock Research

CARG

17.26USD+0.34(+2.01%)Market Closed

Market Summary

USD17.26+0.34
Market Closed
2.01%

CARG Stock Price

CARG RSI Chart

CARG Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

22.96

Price/Sales (Trailing)

1.2

EV/EBITDA

13.32

Price/Free Cashflow

17.5

CARG Price/Sales (Trailing)

CARG Profitability

EBT Margin

7.22%

Return on Equity

15.44%

Return on Assets

9.08%

Free Cashflow Yield

5.72%

CARG Fundamentals

CARG Revenue

Revenue (TTM)

1.7B

Revenue Y/Y

91.31%

Revenue Q/Q

-16.58%

CARG Earnings

Earnings (TTM)

89.2M

Earnings Y/Y

-30.13%

Earnings Q/Q

5.79%

Price Action

52 Week Range

9.1450.03
(Low)(High)

Last 7 days

7.0%

Last 30 days

29.5%

Last 90 days

21.7%

Trailing 12 Months

-41.1%

CARG Financial Health

Current Ratio

4.06

CARG Investor Care

Shares Dilution (1Y)

1.08%

Diluted EPS (TTM)

-1.14

Peers (Alternatives to CarGurus)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
1.3T
275.7B
16.48% -22.00%
19.5
4.74
15.26% -5.14%
41.4B
5.2B
27.58% -2.03%
-370.37
7.92
17.45% -129.08%
18.1B
4.6B
27.60% -61.45%
-16.16
3.93
23.31% -79.38%
17.9B
2.8B
16.97% -0.52%
292.57
6.46
13.75% -82.50%
MID-CAP
3.0B
1.4B
35.40% -6.89%
-426.49
2.16
77.48% 96.34%
2.2B
1.2B
19.15% -3.50%
55.71
1.9
16.76% 4.85%
2.0B
1.7B
29.48% -41.15%
22.96
1.2
123.63% -14.84%
SMALL-CAP
1.5B
301.4M
18.20% -33.33%
80.72
4.94
29.74% -8.73%
1.1B
644.0M
27.67% 11.96%
1.1K
1.7
4.14% -95.27%
846.7M
249.0M
61.89% -33.49%
-11.11
3.4
61.54% 46.49%
813.9M
566.1M
12.26% -2.25%
-63.3
1.44
-5.47% -207.45%
235.6M
306.1M
47.12% -88.02%
-2.38
0.77
25.37% 19.99%
66.4M
65.7M
29.44% -39.20%
73.99
1.01
6.69% -81.76%
29.8M
27.4M
32.93% -65.53%
3.89
1.22
25.56% -19.10%

Financials for CarGurus

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue13.5%1,7081,5041,211951764
Gross Profit-1.7%700712692657618
Operating Expenses-0.1%577578543509480
  S&GA Expenses4.9%356339310291268
  R&D Expenses3.2%11911611210699
EBITDA-23.1%123160164166-
EBITDA Margin-45.5%0.07*0.13*0.17*0.22*-
Earnings Before Taxes-8.4%123135150149138
EBT Margin-19.3%0.07*0.09*0.12*0.16*0.18*
Interest Expenses-0----
Net Income-9.0%8998107109105
Net Income Margin1051.6%0.05*-0.01*0.09*0.11*0.14*
Free Cahsflow18.4%1179914091178
* denotes actual numbers (not divided by Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-2.7%9831,010946932820
  Current Assets-4.1%604630573563442
    Cash Equivalents19.6%404338315232231
  Inventory29.9%282221206
  Net PPE4.2%3735333230
  Goodwill-0.5%156157158158156
Liabilities-18.0%232283241252176
  Current Liabilities-15.4%149176149171102
Shareholder's Equity25.1%578462465517589
  Retained Earnings188.2%1645767129209
  Additional Paid-In Capital2.6%418407398388380
Accumulated Depreciation8.1%4542383532
Shares Outstanding0.2%119118118117-
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations18.6%12410514798183
  Share Based Compensation31.2%5441353535
Cashflow From Investing83.1%734026-68.15-165.11
Cashflow From Financing-204.1%-14.8214-0.0418-27.40

Risks for CARG

What is the probability of a big loss on CARG?

96.5%


Probability that CarGurus stock will be more than 20% underwater in next one year

80.4%


Probability that CarGurus stock will be more than 30% underwater in next one year.

49.2%


Probability that CarGurus stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CARG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if CarGurus was unfortunately bought at previous high price.

Drawdowns

Returns for CARG

Cumulative Returns on CARG

-12.7%


5-Year Cumulative Returns

-21.6%


3-Year Cumulative Returns

What are the long-term rolling returns for CARG?

FIve years rolling returns for CarGurus.

Annualized Returns

Which funds bought or sold CARG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-01-26
DUPONT CAPITAL MANAGEMENT CORP
sold off
-100
-66,000
-
-%
2023-01-26
STRS OHIO
added
364.37
443,000
566,000
-%
2023-01-25
FIFTH THIRD BANCORP
sold off
-100
-1,000
-
-%
2023-01-25
Lindbrook Capital, LLC
added
442.5
5,080
6,080
-%
2023-01-24
Centerpoint Advisors, LLC
unchanged
-
-
1,000
-%
2023-01-24
NATIONAL BANK OF CANADA /FI/
added
40.47
255,536
1,056,540
-%
2023-01-24
BAILLIE GIFFORD & CO
added
0.32
-4,000
455,000
-%
2023-01-23
SJS Investment Consulting Inc.
reduced
-58.33
140
140
-%
2023-01-23
Annapolis Financial Services, LLC
new
-
14,010
14,010
-%
2023-01-23
Allspring Global Investments Holdings, LLC
reduced
-2.15
-2,095
91,905
-%

1–10 of 45

Latest Funds Activity

Are funds buying CARG calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CARG
No. of Funds

CarGurus News

Best Stocks

Kornitzer Capital Management Inc. sells CarGurus, Inc. (NASDAQ ....

Best Stocks,
4 days ago

Simply Wall St

Investor's Business Daily

KMX Stock Dives As Used Car Price Bubble Unwinds.

Investor's Business Daily,
38 days ago

Seeking Alpha

Schedule 13G FIlings of CarGurus

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Sep 12, 2022
par investment partners lp
5.3%
5,420,000
SC 13G
Feb 16, 2022
manulife financial corp
9.11%
-
SC 13G/A
Feb 14, 2022
dragoneer investment group, llc
9.1%
9,283,746
SC 13G/A
Feb 09, 2022
vanguard group inc
9.74%
9,908,089
SC 13G/A
Feb 07, 2022
steinert langley
12.5%
14,441,633
SC 13G/A
Feb 04, 2022
wellington management group llp
10.65%
10,834,185
SC 13G/A
Feb 03, 2022
blackrock inc.
6.0%
6,100,334
SC 13G/A
Dec 10, 2021
morgan stanley
0.2%
243,224
SC 13G/A
Nov 10, 2021
wellington management group llp
10.70%
10,754,509
SC 13G/A
Apr 12, 2021
vanguard group inc
10.04%
9,815,367
SC 13G/A

CARG Fair Value

CarGurus fair value in different scenarios

The table shows the Fair Value estimates for CarGurus for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

40.22

133.02%

72.76

321.55%

144.74

738.59%

183.35

962.28%

244.05

1313.96%

Current Inflation

36.74

112.86%

64.94

276.25%

125.98

629.90%

158.76

819.81%

210.10

1117.27%

Very High Inflation

32.46

88.06%

55.56

221.90%

104.08

503.01%

130.20

654.35%

170.92

890.27%

Historical CarGurus Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of CarGurus

View All Filings
Date Filed Form Type Document
Jan 12, 2023
8-K
Current Report
Jan 05, 2023
4
Insider Trading
Jan 05, 2023
4
Insider Trading
Jan 05, 2023
4
Insider Trading
Jan 05, 2023
4
Insider Trading
Jan 05, 2023
4
Insider Trading
Jan 05, 2023
4
Insider Trading
Dec 08, 2022
8-K
Current Report
Dec 02, 2022
4
Insider Trading
Dec 02, 2022
4
Insider Trading

Latest Insider Trading transactions for CARG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-03
Eldridge Andrea Lee
sold (taxes)
-32,307.1
14.01
-2,306
chief people officer
2023-01-03
Caputo Thomas Michael
sold (taxes)
-49,399.3
14.01
-3,526
chief product officer
2023-01-03
Quinn Matthew Todd
sold (taxes)
-52,019.1
14.01
-3,713
chief technology officer
2023-01-03
Zales Samuel
sold (taxes)
-254,520
14.01
-18,167
coo and president
2023-01-03
Trevisan Jason
sold (taxes)
-286,392
14.01
-20,442
chief executive officer
2023-01-03
Steinert Langley
sold (taxes)
-73,734.6
14.01
-5,263
executive chairman
2022-12-01
Eldridge Andrea Lee
sold (taxes)
-4,473.36
13.08
-342
chief people officer
2022-12-01
Sarnoff Dafna
sold (taxes)
-51,940.7
13.08
-3,971
chief marketing officer
2022-11-01
Gellot Yann Bruno
sold (taxes)
-2,063.12
15.17
-136
svp, finance & pao
2022-09-30
Steinert Langley
sold (taxes)
-100,239
14.17
-7,074
executive chairman

1–10 of 50

Jason Trevisan
1200
CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace. Its marketplace connects dealers to a large audience of informed and engaged consumers. The company operates online marketplaces under the CarGurus brand in Canada and the United Kingdom; and the Autolist and PistonHeads online marketplaces as independent brands in the United States and the United Kingdom. CarGurus, Inc. was founded in 2005 and is headquartered in Cambridge, Massachusetts.

CARG Income Statement

2022-09-30
Unaudited Condensed Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue$ 426,454$ 222,915$ 1,368,291$ 612,031
Cost of revenue[1]275,66960,033847,780134,408
Gross profit150,785162,882520,511477,623
Operating expenses:    
Sales and marketing83,31966,626266,505200,935
Product, technology, and development30,20826,53992,21579,333
General and administrative4,76020,41471,39567,095
Depreciation and amortization3,8429,22711,53925,916
Total operating expenses122,129122,806441,654373,279
Income from operations28,65640,07678,857104,344
Other income (expense), net200143(75)426
Income before income taxes28,85640,21978,782104,770
Provision for income taxes10,03210,95223,05928,556
Consolidated net income18,82429,26755,72376,214
Net (loss) income attributable to redeemable noncontrolling interest(1,576)68(3,871)(3,398)
Net income attributable to CarGurus, Inc.20,40029,19959,59479,612
Accretion of redeemable noncontrolling interest to redemption value(86,564) 25,056 
Net income attributable to common stockholders - basic$ 106,964$ 29,199$ 34,538$ 79,612
Net income per share attributable to common stockholders: (Note 10)    
Basic$ 0.90$ 0.25$ 0.29$ 0.68
Diluted$ 0.14$ 0.24$ 0.28$ 0.66
Weighted-average number of shares of common stock used in computing net income per share attributable to common stockholders:    
Basic118,683,642117,412,164118,370,925116,955,188
Diluted132,243,636120,438,373122,159,270119,051,228
Marketplace [Member]    
Revenue$ 165,309$ 159,925$ 492,524$ 476,183
Cost of revenue[1]14,95611,68740,42233,986
Wholesale [Member]    
Revenue47,04545,215213,976112,532
Cost of revenue[1]41,78928,992146,48975,344
Product [Member]    
Revenue214,10017,775661,79123,316
Cost of revenue[1]$ 218,924$ 19,354$ 660,869$ 25,078
[1]Includes depreciation and amortization expense for the three months ended September 30, 2022 and 2021 and for the nine months ended September 30, 2022 and 2021 of $7,341, $1,429, $22,063 and $3,571, respectively.

CARG Balance Sheet

2022-09-30
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 404,429$ 231,944
Investments 90,000
Accounts receivable, net of allowance for doubtful accounts of $1,122 and $420, respectively120,059189,324
Inventory28,16619,656
Prepaid expenses, prepaid income taxes and other current assets29,64716,430
Deferred contract costs8,0399,045
Restricted cash13,5066,709
Total current assets603,846563,108
Property and equipment, net36,83332,210
Intangible assets, net60,53583,915
Goodwill156,216158,287
Operating lease right-of-use assets55,79360,609
Restricted cash9,3769,627
Deferred tax assets44,00813,378
Deferred contract costs, net of current portion7,2985,867
Other non-current assets8,9504,573
Total assets982,855931,574
Current liabilities  
Accounts payable67,14966,153
Accrued expenses, accrued income taxes and other current liabilities56,97078,586
Deferred revenue12,73712,784
Operating lease liabilities12,02513,186
Total current liabilities148,881170,709
Operating lease liabilities52,94257,519
Deferred tax liabilities2358
Other non–current liabilities30,46623,639
Total liabilities232,312251,925
Commitments and contingencies (Note 8)
Redeemable noncontrolling interest172,612162,808
Stockholders’ equity:  
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding
Additional paid-in capital418,013387,868
Retained earnings163,796129,258
Accumulated other comprehensive loss(3,997)(403)
Total stockholders’ equity577,931516,841
Total liabilities, redeemable noncontrolling interest and stockholders’ equity982,855931,574
Class A Common Stock  
Stockholders’ equity:  
Common stock103102
Class B Common Stock  
Stockholders’ equity:  
Common stock$ 16$ 16