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CarGurus Inc Stock Research

CARG

19.50USD+0.38(+1.99%)Market Closed

Market Summary

USD19.50+0.38
Market Closed
1.99%

CARG Alerts

CARG Stock Price

CARG RSI Chart

CARG Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

24.26

Price/Sales (Trailing)

1.24

EV/EBITDA

12.43

Price/Free Cashflow

8.18

CARG Price/Sales (Trailing)

CARG Profitability

EBT Margin

6.73%

Return on Equity

11.49%

Return on Assets

9.1%

Free Cashflow Yield

12.22%

CARG Fundamentals

CARG Revenue

Revenue (TTM)

1.5B

Revenue Y/Y

-46.13%

Revenue Q/Q

-19.1%

CARG Earnings

Earnings (TTM)

80.6M

Earnings Y/Y

-18.98%

Earnings Q/Q

-34.93%

Price Action

52 Week Range

9.1426.43
(Low)(High)

Last 7 days

2.7%

Last 30 days

23.0%

Last 90 days

11.7%

Trailing 12 Months

-26.3%

CARG Financial Health

Current Ratio

5.65

CARG Investor Care

Shares Dilution (1Y)

1.08%

Diluted EPS (TTM)

0.49

Peers (Alternatives to CarGurus)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
1.6T
284.6B
18.01% 6.36%
27.19
5.6
5.28% -21.40%
41.4B
-
27.58% -2.03%
-370.37
7.92
- -
17.1B
4.5B
29.00% -30.13%
-12.25
3.78
2.67% -149.46%
16.0B
2.8B
12.24% 17.12%
-53.4
5.65
6.09% -189.94%
MID-CAP
2.1B
1.6B
-5.03% -35.38%
-110.47
1.31
53.79% 81.37%
SMALL-CAP
2.4B
1.2B
23.65% 10.84%
65.56
2
15.67% -8.38%
2.0B
1.5B
22.95% -26.28%
24.26
1.24
20.30% -24.52%
1.3B
662.7M
-3.51% 77.08%
51.35
1.89
5.43% 147.08%
1.0B
286.4M
7.23% -51.23%
28.27
3.56
2.80% 472.58%
756.1M
283.0M
16.95% -40.19%
-15.16
2.67
31.50% 31.07%
525.7M
574.8M
0.72% -11.50%
-34.56
0.91
-2.44% -358.96%
220.1M
294.9M
-29.94% -80.31%
-0.47
0.74
4.66% -586.22%
147.3M
70.6M
20.41% 34.38%
22.2
2.09
12.58% 628.21%
31.1M
27.5M
13.33% -59.00%
4.6
1.13
17.28% -27.23%

Financials for CarGurus

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue-12.0%1,4561,6551,7081,5041,211
Gross Profit-4.1%631658700712692
Operating Expenses-2.6%535549577578543
  S&GA Expenses-3.6%325337356339310
  R&D Expenses4.8%130124119116112
EBITDA2.8%127123160--
EBITDA Margin6.1%0.08*0.07*0.13*--
Earnings Before Taxes-7.3%103111123135150
EBT Margin-6.9%0.07*0.07*0.09*0.12*-
Interest Expenses471.9%0.000.000.00--
Net Income-4.5%81.0084.0089.0098.00107
Net Income Margin-2.4%0.05*0.05*-0.01*0.09*-
Free Cahsflow113.7%25011799.00140-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets13.4%1,0529279831,010946
  Current Assets-2.5%543557604630573
    Cash Equivalents-2.7%457470404338315
  Inventory-69.0%2.005.0028.0022.0021.00
  Net PPE6.5%43.0040.0037.0035.0033.00
  Goodwill0.1%158157156157158
Liabilities107.6%323156232283241
  Current Liabilities25.6%12499.00149176149
Shareholder's Equity-5.3%696735578462465
  Retained Earnings5.0%33932316457.0067.00
  Additional Paid-In Capital-13.4%358413418407398
Accumulated Depreciation8.1%45.0042.0038.00--
Shares Outstanding0.2%119118118--
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-10.4%229256124105147
  Share Based Compensation1.4%56.0055.0054.0041.0035.00
Cashflow From Investing-44.2%41.0073.0073.0040.0026.00
Cashflow From Financing-39.2%-128-92.62-14.8214.00-0.04
  Buy Backs1813.6%27614.00---

Risks for CARG

What is the probability of a big loss on CARG?

100%


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

87.3%


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

56.1%


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

-10.3%


5-Year Cumulative Returns

-10.7%


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
2023-06-01
MACQUARIE GROUP LTD
added
17.74
22,000
59,000
-%
2023-05-26
ProShare Advisors LLC
reduced
-23.95
3,087
224,403
-%
2023-05-23
Capital Impact Advisors, LLC
unchanged
-
85,658
342,629
0.42%
2023-05-22
PUTNAM INVESTMENTS LLC
reduced
-4.06
303,075
1,388,480
-%
2023-05-22
AMERIPRISE FINANCIAL INC
sold off
-100
-517,000
-
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
added
1.95
363,000
1,374,000
-%
2023-05-18
JPMORGAN CHASE & CO
reduced
-16.64
357,000
3,561,000
-%
2023-05-17
VIRGINIA RETIREMENT SYSTEMS ET AL
added
81.53
646,484
1,459,840
0.01%
2023-05-16
Baker Avenue Asset Management, LP
unchanged
-
345
1,382
-%
2023-05-16
Rockefeller Capital Management L.P.
sold off
-100
-124,000
-
-%

1–10 of 42

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

MarketBeat
The Manufacturers Life Insurance Company Sells 2149320 Shares ....
MarketBeat,
5 hours ago
Investor's Business Daily
StockNews.com
EXPE: 3 Must-Have Tech Stocks.
StockNews.com,
17 days ago
Simply Wall St
The Motley Fool
Why CarGurus Stock Jumped on Wednesday.
The Motley Fool,
25 days ago
Marketscreener.com
CarGurus to Present at Upcoming Conferences.
Marketscreener.com,
25 days ago

Schedule 13G FIlings of CarGurus

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
arrowmark colorado holdings llc
6.10%
6,276,807
SC 13G
Feb 14, 2023
manulife financial corp
0.04%
-
SC 13G/A
Feb 14, 2023
par investment partners lp
6.6%
6,744,650
SC 13G/A
Feb 09, 2023
vanguard group inc
9.10%
9,370,975
SC 13G/A
Feb 06, 2023
wellington management group llp
13.67%
14,072,052
SC 13G/A
Feb 01, 2023
blackrock inc.
6.8%
6,978,815
SC 13G/A
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

CARG Fair Value

Show Fair-Value

Recent SEC filings of CarGurus

View All Filings
Date Filed Form Type Document
May 09, 2023
10-Q
Quarterly Report
May 09, 2023
8-K
Current Report
Apr 26, 2023
ARS
ARS
Apr 26, 2023
DEF 14A
DEF 14A
Apr 26, 2023
DEFA14A
DEFA14A
Apr 21, 2023
8-K
Current Report
Apr 03, 2023
4
Insider Trading
Apr 03, 2023
4
Insider Trading
Apr 03, 2023
4
Insider Trading
Apr 03, 2023
4
Insider Trading

Latest Insider Trading transactions for CARG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-31
Trevisan Jason
sold (taxes)
-430,985
18.68
-23,072
chief executive officer
2023-03-31
Quinn Matthew Todd
sold (taxes)
-61,868
18.68
-3,312
chief technology officer
2023-03-31
Caputo Thomas Michael
sold (taxes)
-40,797
18.68
-2,184
chief product officer
2023-03-31
Zamora Javier Esquivel
sold (taxes)
-14,159
18.68
-758
general counsel and secretary
2023-03-31
Sarnoff Dafna
sold (taxes)
-45,317
18.68
-2,426
chief marketing officer
2023-03-31
Steinert Langley
sold (taxes)
-116,657
18.68
-6,245
executive chairman
2023-03-31
Eldridge Andrea Lee
sold (taxes)
-65,211
18.68
-3,491
chief people officer
2023-03-31
Zales Samuel
sold (taxes)
-288,662
18.68
-15,453
coo and president
2023-03-01
Sarnoff Dafna
sold (taxes)
-17,795
18.14
-981
chief marketing officer
2023-03-01
Eldridge Andrea Lee
sold (taxes)
-4,099
18.14
-226
chief people officer

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

2023-03-31
Unaudited Condensed Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue  
Total revenue$ 231,963$ 430,608
Cost of Goods and Services Sold [Abstract]  
Total cost of revenue[1]76,983248,733
Gross profit154,980181,875
Operating expenses:  
Sales and marketing75,57787,581
Product, technology, and development36,60730,653
General and administrative24,91933,121
Depreciation and amortization3,8183,861
Total operating expenses140,921155,216
Income from operations14,05926,659
Other income (expense), net:  
Interest income3,74337
Other income (expense), net595(156)
Total other income (expense), net4,338(119)
Income before income taxes18,39726,540
Provision for income taxes6,5317,702
Consolidated net income11,86618,838
Net loss attributable to redeemable noncontrolling interest(4,266)(1,072)
Net income attributable to CarGurus, Inc.16,13219,910
Accretion of redeemable noncontrolling interest to redemption value 82,000
Net income (loss) attributable to common stockholders - basic$ 16,132$ (62,090)
Net income (loss) per share attributable to common stockholders: (Note 10)  
Basic$ 0.14$ (0.53)
Diluted$ 0.10$ (0.53)
Weighted-average number of shares of common stock used in computing net income (loss) per share attributable to common stockholders:  
Basic115,358,475118,031,325
Diluted115,915,737118,031,325
Marketplace [Member]  
Revenue  
Total revenue$ 167,127$ 163,289
Cost of Goods and Services Sold [Abstract]  
Total cost of revenue[1]15,53312,209
Wholesale [Member]  
Revenue  
Total revenue25,18690,994
Cost of Goods and Services Sold [Abstract]  
Total cost of revenue[1]22,06858,182
Product [Member]  
Revenue  
Total revenue39,650176,325
Cost of Goods and Services Sold [Abstract]  
Total cost of revenue[1]$ 39,382$ 178,342
[1]Includes depreciation and amortization expense for the three months ended March 31, 2023 and 2022 of $7,758 and $7,324, respectively.

CARG Balance Sheet

2023-03-31
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents$ 456,696$ 469,517
Accounts receivable, net of allowance for doubtful accounts of $1,054 and $1,809, respectively42,39546,817
Inventory1,6375,282
Prepaid expenses, prepaid income taxes and other current assets18,11421,972
Deferred contract costs9,3878,541
Restricted cash14,9855,237
Total current assets543,214557,366
Property and equipment, net42,74840,128
Intangible assets, net45,55253,054
Goodwill157,689157,467
Operating lease right-of-use assets196,41356,869
Restricted cash 9,378
Deferred tax assets47,38535,488
Deferred contract costs, net of current portion10,4468,853
Other non-current assets8,1328,499
Total assets1,051,579927,102[1]
Current liabilities  
Accounts payable42,70132,529
Accrued expenses, accrued income taxes and other current liabilities45,01039,193
Deferred revenue20,80812,249
Operating lease liabilities15,48014,762
Total current liabilities123,99998,733
Operating lease liabilities194,93151,656
Deferred tax liabilities3054
Other non–current liabilities4,3365,301
Total liabilities323,296155,744
Commitments and contingencies (Note 8)
Redeemable noncontrolling interest32,47536,749
Stockholders’ equity:  
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized; no shares issued and outstanding
Additional paid-in capital357,748413,092
Retained earnings339,175323,043
Accumulated other comprehensive loss(1,229)(1,644)
Total stockholders’ equity695,808734,609
Total liabilities, redeemable noncontrolling interest and stockholders’ equity1,051,579927,102
Class A Common Stock  
Stockholders’ equity:  
Common stock98102
Class B Common Stock  
Stockholders’ equity:  
Common stock$ 16$ 16
[1]As of December 31, 2022, Digital Wholesale assets did not reflect certain Dealer-to-Dealer and IMCO related capitalized website development assets from the U.S. Marketplace segment. During the three months ended March 31, 2023, the Company updated Digital Wholesale assets to reflect certain Dealer-to-Dealer and IMCO related capitalized website development amortization assets from the U.S. Marketplace segment and accordingly updated Digital Wholesale assets as of December 31, 2022 for comparative purposes.