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CARG

CARG - Cargurus Inc Stock Price, Fair Value and News

21.53USD+0.31 (+1.46%)Market Closed

Market Summary

CARG
USD21.53+0.31
Market Closed
1.46%

CARG Alerts

  • 2 major insider sales recently.

CARG Stock Price

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CARG RSI Chart

CARG Valuation

Market Cap

2.4B

Price/Earnings (Trailing)

65.05

Price/Sales (Trailing)

2.63

EV/EBITDA

31.01

Price/Free Cashflow

24.04

CARG Price/Sales (Trailing)

CARG Profitability

EBT Margin

5.65%

Return on Equity

5.99%

Return on Assets

4.02%

Free Cashflow Yield

4.16%

CARG Fundamentals

CARG Revenue

Revenue (TTM)

914.2M

Rev. Growth (Yr)

-22.19%

Rev. Growth (Qtr)

1.69%

CARG Earnings

Earnings (TTM)

36.9M

Earnings Growth (Yr)

-172.22%

Earnings Growth (Qtr)

-180.28%

Breaking Down CARG Revenue

Last 7 days

-6.3%

Last 30 days

-9.6%

Last 90 days

-8.8%

Trailing 12 Months

21.9%

How does CARG drawdown profile look like?

CARG Financial Health

Current Ratio

3.4

CARG Investor Care

Buy Backs (1Y)

4.42%

Diluted EPS (TTM)

0.19

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20231.5B1.2B977.9M914.2M
20221.2B1.5B1.7B1.7B
2021565.1M688.1M763.6M951.4M
2020611.3M561.0M558.1M551.5M
2019490.8M525.5M556.9M588.9M
2018348.4M382.5M418.6M454.1M
2017226.6M257.2M287.0M316.9M
2016123.5M148.4M173.3M198.1M
201500098.6M
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Tracking the Latest Insider Buys and Sells of Cargurus Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Apr 16, 2024
zales samuel
acquired
2,826
0.16
17,668
coo and president
Apr 16, 2024
zales samuel
sold
-378,449
21.42
-17,668
coo and president
Apr 02, 2024
sarnoff dafna
sold
-96,600
22.46
-4,301
chief marketing officer
Apr 01, 2024
zales samuel
sold (taxes)
-362,572
23.00
-15,764
coo and president
Apr 01, 2024
steinert langley
sold (taxes)
-170,591
23.00
-7,417
executive chair
Apr 01, 2024
zamora javier esquivel
sold (taxes)
-37,651
23.00
-1,637
general counsel and secretary
Apr 01, 2024
sarnoff dafna
sold (taxes)
-89,240
23.00
-3,880
chief marketing officer
Apr 01, 2024
hallowell zachary emerson
sold (taxes)
-47,840
23.00
-2,080
ceo, caroffer
Apr 01, 2024
sarnoff dafna
sold
-99,095
23.04
-4,301
chief marketing officer
Apr 01, 2024
eldridge andrea lee
sold (taxes)
-80,293
23.00
-3,491
chief people officer

1–10 of 50

Which funds bought or sold CARG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 17, 2024
Annapolis Financial Services, LLC
sold off
-100
-24,160
-
-%
Apr 17, 2024
Hennion & Walsh Asset Management, Inc.
reduced
-27.46
-120,694
272,413
0.01%
Apr 16, 2024
Stratos Wealth Advisors, LLC
sold off
-100
-1,321,070
-
-%
Apr 16, 2024
Arlington Trust Co LLC
sold off
-100
-1,884
-
-%
Apr 16, 2024
SCHARF INVESTMENTS, LLC
new
-
202,619
202,619
-%
Apr 15, 2024
EXCHANGE TRADED CONCEPTS, LLC
sold off
-100
-41,797
-
-%
Apr 12, 2024
AdvisorNet Financial, Inc
reduced
-5.1
-796
7,732
-%
Apr 10, 2024
Banque Cantonale Vaudoise
added
10.67
4,000
77,000
-%
Apr 09, 2024
ADIRONDACK TRUST CO
unchanged
-
940
23,070
0.01%
Apr 09, 2024
MASSMUTUAL TRUST CO FSB/ADV
reduced
-59.26
-797
508
-%

1–10 of 46

Are Funds Buying or Selling CARG?

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

Unveiling Cargurus Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Mar 08, 2024
foxhaven asset management, lp
5.5%
5,014,932
SC 13G
Feb 14, 2024
dragoneer investment group, llc
1.9%
1,837,399
SC 13G/A
Feb 14, 2024
steinert langley
13.0%
14,355,448
SC 13G/A
Feb 14, 2024
arrowmark colorado holdings llc
9.23%
8,880,926
SC 13G/A
Feb 14, 2024
par investment partners lp
0%
0
SC 13G/A
Feb 13, 2024
manulife financial corp
0.03%
-
SC 13G/A
Feb 13, 2024
vanguard group inc
10.48%
10,091,294
SC 13G/A
Feb 08, 2024
wellington management group llp
5.93%
5,705,962
SC 13G/A
Jan 22, 2024
blackrock inc.
15.6%
15,044,722
SC 13G/A
Aug 10, 2023
wellington management group llp
8.29%
8,070,127
SC 13G/A

Recent SEC filings of Cargurus Inc

View All Filings
Date Filed Form Type Document
Apr 17, 2024
4
Insider Trading
Apr 16, 2024
144
Notice of Insider Sale Intent
Apr 12, 2024
PRE 14A
PRE 14A
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading

Peers (Alternatives to Cargurus Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
495.0B
96.8B
-10.57% -15.67%
33.01
5.12
18.80% 19.44%
49.0B
171.8B
4.02% 20.18%
4.87
0.29
9.64% 2.33%
48.1B
176.2B
-1.15% -5.42%
11.05
0.27
11.47% 328.08%
19.4B
20.1B
-10.86% -35.49%
6.59
0.97
14.65% 394.61%
10.8B
26.5B
-14.16% -0.78%
22.51
0.41
-10.61% -1.15%
MID-CAP
7.3B
15.0B
-0.65% -34.28%
11.71
0.49
12.05% -33.79%
7.0B
3.0B
4.70% 69.83%
10.34
2.29
9.61% 26.74%
4.3B
14.8B
1.67% 1.76%
7.17
0.29
-4.09% -39.59%
3.4B
20.1B
-3.94% 8.73%
-4.94
0.17
-3.55% -440.59%
2.6B
15.4B
-13.53% -28.30%
12.04
0.17
7.09% 494.44%
SMALL-CAP
1.1B
1.2B
5.03% 80.11%
17.99
0.91
33.91% 215.64%
812.5M
6.1B
2.66% -8.80%
-24.18
0.13
4.78% -152.26%
106.9M
576.4M
4.73% -25.47%
2.84
0.19
8.84% 77.79%
53.5M
5.0M
-32.00% -84.26%
-0.43
4.09
160.69% -5.67%
6.6M
498.9K
-14.81% 126.23%
-0.19
13.26
-83.32% -48.94%

Cargurus Inc News

Latest updates
Defense World11 hours ago
Seeking Alpha14 Apr 202406:15 am
MarketBeat14 Apr 202401:41 am

Cargurus Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue1.7%22321924023228742651143133922321817115214795.00158158150145135126
Gross Profit2.3%16816416415513715118818218016316714714013885.00146148141136128119
Operating Expenses34.8%19014114614110712216415513612312912210794.0076.00134134131133120112
  S&GA Expenses-3.9%74.0077.0078.0076.0070.0083.0096.0088.0090.0067.0066.0068.0067.0058.0039.0094.0010110010291.0086.00
  R&D Expenses3.7%37.0035.0037.0037.0032.0030.0031.0031.0027.0027.0028.0025.0020.0021.0022.0023.0018.0018.0017.0016.0014.00
EBITDA Margin-37.7%0.07*0.12*0.10*0.08*0.08*0.07*0.09*0.13*0.17*0.22*0.23*0.22*0.19*0.15*0.09*0.08*0.07*0.06*0.06*0.06*-
Interest Expenses17.4%0.000.000.000.000.000.00------------0.000.000.00
Income Taxes-25.0%6.008.009.007.009.0010.005.008.0010.0011.0011.006.008.0011.002.000.001.000.00-1.61-3.50-4.84
Earnings Before Taxes-160.1%-16.3927.0022.0018.0033.0029.0023.0027.0045.0040.0039.0026.0033.0044.009.0013.0015.0011.004.009.008.00
EBT Margin-45.1%0.06*0.10*0.09*0.07*0.07*0.07*0.09*0.12*0.16*0.18*0.21*0.20*0.18*0.14*0.08*0.07*0.07*0.06*0.05*0.06*-
Net Income-180.3%-17.9022.0016.0016.0025.0020.0019.0020.0030.0029.0028.0022.0025.0033.007.0013.0013.0010.006.0013.0012.00
Net Income Margin-50.4%0.04*0.08*0.07*0.06*0.05*0.05*0.07*0.09*0.11*0.14*0.16*0.15*0.14*0.12*0.08*0.07*0.07*0.07*0.09*0.15*-
Free Cashflow-160.4%-13.0222.0027.0064.0094.0072.00-6.9092.00-39.5553.0034.0043.0048.0074.0023.009.0020.0022.0013.004.00-
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-12.4%9191,0491,0401,0529279831,010946932820784719502461407406394369346332268
  Current Assets-26.9%391535535543557604630573563442389312332281216210219206189179195
    Cash Equivalents-18.0%29135536345747040433831523223118514119024613374.0060.0030.0028.0030.0035.00
  Inventory2.5%0.000.001.002.005.0028.0022.0021.0020.006.00-----------
  Net PPE52.4%83.0055.0048.0043.0040.0037.0035.0033.0032.0030.0032.0030.0027.0027.0027.0028.0028.0028.0029.0027.0024.00
  Goodwill0.4%15815715815815715615715815815615615729.0028.0028.0027.0015.0015.0015.0016.0016.00
Liabilities-1.0%30230531032315623228324125217618015612912211212813713212412174.00
  Current Liabilities6.0%11510911112499.0014917614917110210482.0067.0056.0043.0058.0074.0072.0070.0065.0064.00
Shareholder's Equity-14.0%617717701696735578462465517589549509374338296278257237222211194
  Retained Earnings-6.3%35437835633932316457.0067.0012920918015212910472.0065.0052.0039.0028.0022.0010.00
  Additional Paid-In Capital-22.8%263341346358413418407398388380368356242233224214205199194189184
Shares Outstanding0.0%113113113115118118118118117117117116113113113112111112111-109
Float---1,289---2,178---2,546---2,194---2,464--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-90.5%2.0026.0029.0066.0095.0073.00-5.4693.00-36.7754.0037.0044.0048.0074.0025.0010.0021.0024.0016.0010.0017.00
  Share Based Compensation40.0%20.0014.0015.0015.0013.0014.0013.0014.0013.001.007.0014.0013.001.007.0012.009.009.009.008.006.00
Cashflow From Investing600.4%53.00-10.68-98.45-5.89-4.8326.0026.0026.00-4.80-7.3012.00-68.09-10141.0036.008.0022.00-18.21-14.43-11.35-57.43
Cashflow From Financing-474.6%-129-22.62-27.83-73.24-34.93-32.0411.00-36.8943.00-2.98-3.03-19.04-2.34-2.87-1.98-2.89-3.34-3.83-4.25-3.26-3.45
  Buy Backs495.8%10217.0022.0066.00-----------------

CARG Income Statement

2023-12-31
Consolidated Income Statements - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue   
Total Revenue$ 914,242$ 1,655,035$ 951,373
Cost of revenue   
Total Cost of revenue[1]262,788997,482294,015
Gross profit651,454657,553657,358
Operating expenses:   
Sales and marketing304,070336,708290,574
Product, technology, and development146,169123,768106,423
General and administrative152,75773,11797,678
Depreciation and amortization15,83115,48214,415
Total operating expenses618,827549,075509,090
Income from operations32,627108,478[2]148,268[2]
Other income, net:   
Interest income18,4303,845120
Other income (expense), net630(961)972
Total other income, net19,0602,8841,092
Income before income taxes51,687111,362149,360
Provision for income taxes29,63432,40838,987
Consolidated net income22,05378,954110,373
Net (loss) income attributable to redeemable noncontrolling interest(14,889)(5,433)1,129
Net (loss) income Attributable to CarGurus, Inc36,94284,387109,244
Deemed dividend on redemption of noncontrolling interest5,838  
Accretion of redeemable noncontrolling interest to redemption value (109,398)109,398
Net income (loss) attributable to common stockholders - basic$ 31,104$ 193,785$ (154)
Net income (loss) per share attributable to common stockholders: (Note 12)   
Basic$ 0.27$ 1.64$ 0
Diluted$ 0.19$ 0.62$ 0
Weighted-average number of shares of common stock used in computing net income (loss) per share attributable to common stockholders:   
Basic113,240,139118,474,991117,142,062
Diluted114,188,834128,150,974117,142,062
Marketplace   
Revenue   
Total Revenue$ 698,236$ 658,771$ 636,942
Cost of revenue   
Total Cost of revenue[1]60,02056,04047,689
Wholesale   
Revenue   
Total Revenue100,908237,635195,127
Cost of revenue   
Total Cost of revenue[1]90,066176,446127,679
Product   
Revenue   
Total Revenue115,098758,629119,304
Cost of revenue   
Total Cost of revenue[1]$ 112,702$ 764,996$ 118,647
[1]Includes depreciation and amortization expense for the years ended December 31, 2023, 2022, and 2021 of $32,643, $29,852, and $26,061, respectively.
[2]As of December 31, 2022 and 2021, Digital Wholesale segment loss (income) did not reflect certain Dealer-to-Dealer and IMCO related capitalized website development expense from the U.S. Marketplace segment. During the three months ended March 31, 2023, the Company updated Digital Wholesale Depreciation and Amortization to reflect certain Dealer-to-Dealer and IMCO related capitalized website development amortization expense from the U.S. Marketplace segment and accordingly updated Digital Wholesale Depreciation as of December 31, 2022 and 2021 for comparative purposes.

CARG Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 291,363$ 469,517
Short-term investments20,724 
Accounts receivable, net of allowance for doubtful accounts of $610 and $1,809, respectively39,96346,817
Inventory3315,282
Prepaid expenses, prepaid income taxes and other current assets25,15221,972
Deferred contract costs11,0958,541
Restricted cash2,5635,237
Total current assets391,191557,366
Property and equipment, net83,37040,128
Intangible assets, net23,05653,054
Goodwill157,898157,467
Operating lease right-of-use assets169,68256,869
Restricted cash 9,378
Deferred tax assets73,35635,488
Deferred contract costs, net of current portion12,9988,853
Other non-current assets7,3768,499
Total assets918,927927,102[1]
Current liabilities:  
Accounts payable47,85432,529
Accrued expenses, accrued income taxes and other current liabilities33,71839,193
Deferred revenue21,32212,249
Operating lease liabilities12,28414,762
Total current liabilities115,17898,733
Operating lease liabilities182,10651,656
Deferred tax liabilities5854
Other non–current liabilities4,7335,301
Total liabilities302,075155,744
Commitments and contingencies (Note 10)
Redeemable noncontrolling interest036,749
Stockholders’ equity:  
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized; no shares issued and outstanding
Additional paid–in capital263,498413,092
Retained earnings354,147323,043
Accumulated other comprehensive loss(901)(1,644)
Total stockholders’ equity616,852734,609
Total liabilities, redeemable noncontrolling interest and stockholders' equity918,927927,102
Class A Common Stock  
Stockholders’ equity:  
Common stock92102
Class B Common Stock  
Stockholders’ equity:  
Common stock$ 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 and 2021 for comparative purposes.
CARG
CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale 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 to dealers and other consumers. 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; Autolist and CarOffer brands in the United States; and PistonHeads brand in the United Kingdom. CarGurus, Inc. was founded in 2005 and is headquartered in Cambridge, Massachusetts.
 CEO
 WEBSITEcargurus.com
 INDUSTRYAutos
 EMPLOYEES1403

Cargurus Inc Frequently Asked Questions


What is the ticker symbol for Cargurus Inc? What does CARG stand for in stocks?

CARG is the stock ticker symbol of Cargurus Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Cargurus Inc (CARG)?

As of Wed Apr 17 2024, market cap of Cargurus Inc is 2.4 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CARG stock?

You can check CARG's fair value in chart for subscribers.

What is the fair value of CARG stock?

You can check CARG's fair value in chart for subscribers. The fair value of Cargurus Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Cargurus Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CARG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Cargurus Inc a good stock to buy?

The fair value guage provides a quick view whether CARG is over valued or under valued. Whether Cargurus Inc is cheap or expensive depends on the assumptions which impact Cargurus Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CARG.

What is Cargurus Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 17 2024, CARG's PE ratio (Price to Earnings) is 65.05 and Price to Sales (PS) ratio is 2.63. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CARG PE ratio will change depending on the future growth rate expectations of investors.